Although there are more than 40,000 oil and gas fields of all sizes in the world, slightly less than 80 percent of the proven reserves are concentrated in eight countries, of which only Canada and Russia are not OPEC members.
Continue reading "What Makes an Oil Deposit World Class?"
Friday, May 7, 2010
An oil and gas exploration and production company with assets in the Williston Basin of North Dakota and Montana and in the Green River Basin of southwest Wyoming and Colorado, Kodiak Oil & Gas Corp. (KOG) has announced its Q1 2010 financial and operational results. The report includes sales of oil & gas of $5.7 [...]
Continue reading "Kodiak Oil & Gas Corp. Q1 2010 Financial and Operating PR"
Tuesday, May 4, 2010
Local fishermen and charter boat captains are affected by the oil spill in Gulf Mexico as fishing areas were closed by the east of the Mississippi River as a precautionary measure. A drilling rig is being made by oil engineers to reduce the oil spill in the Gulf of Mexico. The relief well is to [...]
Continue reading "Oil Spill Increases Urgency"
Tuesday, September 1, 2009
Prices of light, sweet crude on the New York Mercantile Exchange are currently trading at half their peak hit in July last year. This has led some producers to postpone oil sands projects as they are capital-intensive and need crude futures above a certain threshold to be viable. US oil demand is also in the doldrums due to the global economic downturn, making it harder for producers to justify investments in new crude oil production. However, PetroChina has gone ahead with its investment in Canadian oil sands.
Continue reading "PetroChina, Canada Ink Deal"
Thursday, November 6, 2008
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market news The short to medium term outlook for oil sands and heavy oil projects remains negative. As the barrel price for light sweet crude remains (relatively) low, new investments in oil sands projects are unlikely to be forthcoming. The combination of low prices and tight credit [...]
Continue reading "Upgrader:Harper’s gambit"
Friday, October 17, 2008
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Canada: Upgrader is going up later than usual this week because of the Canadian Federal Election and the American Presidential debate. Now that these two events are a matter of record, there is much good news for the heavy oil and oil sands industries. First, the Canadian [...]
Continue reading "Upgrader: elections special"
Wednesday, September 10, 2008
Deloro Resources Ltd. reports that they have received the Canadian, Saskatchewan government permit for Electro Petroleum Inc. to conduct a pilot test on their Wilkie property. The test will use our horizontal well already drilled on the property. The equipment for conducting the test will start moving in immediately. For full details of this press release, click this link. To view [...]
Continue reading "Deloro gets green light for Wilkie Pilot plant"
Monday, June 30, 2008
Depictions of the oil industry often involve images of geysering derricks, boisterous Texans and ultra-wealthy Arab sheikhs. Though these stereotypes have some element of truth in them, they conceal more than they illuminate about hydrocarbons in the 21st century. Conventional oil will remain the cornerstone of our energy economy into the forseeable future, but high [...]
Continue reading "Heavy Oil and Oil Sands Introduction"
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Thursday, July 15, 2010