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The short to medium term outlook for oil sands and heavy oil projects remains worrisome. 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 may forecast a long period of malaise for Alberta’s oil sands industry.

Thursday, October 16, 2008
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

Thursday, July 10, 2008
Think of how your day would go if you couldn’t use the internal combustion engine, plastic, most electricity, the products of commercial agriculture or anything that has traveled by ship.

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 foreseeable future, but high demand, technological breakthroughs and political factors all suggest that unconventional energy sources are likely to play a crucial supporting role.
Mon, Feb 8, 2010
Xcite Energy (TSX-V: XEL) (AIM: XEL) (LSE: XEL), a developer of heavy oil assets in the UK North Sea, reported an offering of new ordinary shares of the Company which will be offered for sale pursuant to a short form prospectus filed in all of the provinces of Canada except Québec.
Fri, Feb 5, 2010
Husky Energy Inc (HSE.TO), Canada's No.3 integrated oil producer and controlled by Hong Kong billionaire Li Ka-shing,reported its fourth-quarter profit rose as oil prices strengthened.
Thu, Feb 4, 2010
Marathon Petroleum Company LLC, a subsidiary of Marathon Oil Company (NYSE:MRO),reported that the comoany is moving forward with construction of the $2.2 billion Heavy Oil Upgrade Project refinery expansion project, after halting construction in February 2009 due to poor market conditions.
Mon, Feb 1, 2010
On Friday, Brazilian state-run oil company Petrobras (PETR4.SA)(PBR.N) announced that the company's exports of oil and oil products in 2009 reached an average 705,000 barrels per day, up 4.8 percent from 2008.
Fri, Jan 29, 2010
Canadian Natural Resources Ltd (CNQ.TO), the country's biggest independent oil explorer, reported that it is buying into a multibillion-dollar upgrading plant that was stalled by the financial crisis, the latest in a raft of announcements showing the oil sands sector on the rebound.

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Thursday, November 6, 2008
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