Ray Chan, chief executive of conventional heavy oil producer Baytex Energy Trust, said his operations are still profitable at current prices but “if you were to layer on the cost of a (thermal) project or an oil sands mine it just doesn’t work,” he said.
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Read the full article: "Baytex Energy Trust operations are still profitable"
Wednesday, December 31, 2008
MegaWest Energy Corp., an independent oil and gas company, specializing in non-conventional oil and gas projects with a focus on North American heavy oil, announced that it has provided a corporate update to shareholders.
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Read the full article: "MegaWest Provides Corporate Update and Files Second Quarter Report"
Tuesday, December 30, 2008
Brazil’s state-run oil company Petrobras said it discovered “large volumes” of light oil in the subsalt layer off the coast of Espirito Santo.
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Read the full article: "Brazil’s Petrobras makes another subsalt oil find"
Thursday, December 25, 2008
Ivanhoe Energy of Ecuador has signed a contract with state oil forms Petroecuador and Petroproduccion to explore and build the Pungarayacu heavy-oil field. The company plans to utilizing its heavy-to-light upgrading technology.
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Read the full article: "Ivanhoe Energy to develop Pungarayacu heavy-Oil field in Ecuador"
Wednesday, December 24, 2008
Bob “Goose” Faragon said reading the lanes and making quick adjustments were the reasons he was able to hold off Al Roth by two pins to win the Western Diner Northern Bowlers Association’s Stockade Open at Boulevard Bowl.
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Read the full article: "Faragon adjusts to heavy oil, tops Roth in Stockade Open"
Monday, December 22, 2008
SRIC’s Heavy Oil from Tar Sands report reviews the status of the global tar sands business focusing on Alberta, Canada where sand deposits represent 174 billion barrels of oil, 15% of the global reserves and second only to Saudi Arabia.
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Read the full article: "SRIC’s Heavy Oil from Tar Sands report"
Thursday, December 18, 2008
Rival Technologies Inc. is pleased to provide shareholders with a year end update of current and planned activities as we continue to execute on the second of our four phase development plan.
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Read the full article: "Rival Technologies Inc.-Provides Year-End Update to Shareholders"
Wednesday, December 17, 2008
Connacher said that prices are so low it can no longer cover its costs and is unwilling to keep pumping out its reserves at a loss.
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Read the full article: "Connacher unwilling to keep pumping out its reserves"
Monday, December 15, 2008
An Alberta petroleum company using a revolutionary process to extract underground bitumen has finally won ERCB approval for an expansion to its heavy oil pilot project south of Fort McMurray.
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Read the full article: "Petrobank wins approval for heavy-oil project expansion"
Wednesday, December 3, 2008
Spry Energy Ltd. is pleased to announce the financial and operating results for our first quarter ended September 30,2008.
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Read the full article: "Spry announces first quarter financial and operating results"
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