Venezuala Oil and Gas declared Q2 2009 Report
The latest Venezuela Oil & Gas Report forecasts that the country will account for 8.27% of Latin America regional oil demand by 2013, while providing 26.90% of supply. For full story, click here
Articles Tagged "supply"
PNG electricity company declined heavy fuel oil supply
The monopoly fuel retailer in Papua New Guinea’s capital, Port Moresby, declared that it won’t supply heavy fuel oil to the company that generates a third of the city’s electricity. For full story, click here
Saudi Arabia projects continues its oil production
Saudi Arabia is reported to have warned of the risks that could result from energy supply shortages unless large amounts of investment are directed to the sector. For full story, click here
Will canadian supply offset falling supplies from Mexico?
New pipelines are in the works in Canada that will allow producers greater access to the U.S. Gulf of Mexico Coast, where refineries are looking for additional heavy oil to offset declining supplies from Mexico. For full story, click here
Shift in Refinery could hurt Valero
Deutsche Bank Securities Inc. said on Monday that a shift in refining from the Gulf of Mexico to the Midwest and Great Plains could hurt companies like Valero. Deutsche Bank said: Our thesis is that the decline in Mexican and Venezuelan heavy oil supply will be offset by the rise in Canadian heavy oil supply. For full [...]
Dwindling supply of Oil in USA
Chevron has injected steam into the reservoirs, coaxing the sedimentary rock into giving up millions of barrels of thick and sticky heavy oil, which is difficult to retrieve using outdated technology. For full story, click here
Upgrader: July 14
By Duncan Sutherland – Exclusive to HeavyOilInvestingNews.com The provincial government of Alberta announced that it will invest $4 billion (CDN) of hydrocarbon royalties into carbon capture and storage technology. Ed Stelmach’s Conservative government will create two separate funds. The first will be used to “finance large projects to capture and store carbon dioxide emissions from [...]
Venezuela threatened to cut oil supplies to US
Venezuelan President Chavez threatened to cut oil supply to US, if US oil gian Exxon makes another successful attempt to freeze overseas financial accounts of Petroleos de Venezuela SA. Chavez was quoted as saying: If they freeze us, there’s no more oil for the United States, and the price of crude will go to $300 a [...]
