The economics of heavy oil production can vary widely, with conventional producers still able to turn a profit at current prices while the thermal oil sands operations may struggle.
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Read the full article: "Economics of heavy oil production"
Wednesday, December 31, 2008
Producing heavy oil in Canada, much of which comes from the big oil sands deposits of northern Alberta, is a tough business and it’s getting tougher.
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Read the full article: "Canada heavy oil firms try to weather price storm"
Tuesday, December 30, 2008
Venezuelan President Hugo Chavez plans to enter into a strategic alliance with Russia aimed at developing his country’s oil industry, according to a senior government minister.
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Read the full article: "Russia, Venezuela to form ’strategic’ oil alliance"
Friday, December 26, 2008
Here’s the threshold below which production from the extra heavy oil sand in Canada would not give a satisfactory return on Investment.
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Read the full article: "What price will give good returns from oil sand?"
Thursday, December 25, 2008
The stock price of UTS Energy has fallen from about $6 in July to $0.87 and the company’s market-cap is recorded at $412M.
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Read the full article: "UTS Energy: Dangerous Play?"
Monday, December 22, 2008
Tar sands are a mixture of hydrocarbon-rich bitumen mixed in sandstone layers. When the hydrocarbons are separated, the bitumen released is a heavy, black and sticky semi-liquid of high viscosity.
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Read the full article: "New Tar Sands Projects Can Be Economically Viable"
Thursday, December 18, 2008
Pearl Exploration and Production Ltd. is pleased to announce that it has signed a definitive agreement to acquire 100% of the outstanding shares of BlackCore Resources Inc.and has agreed to hire a new senior management team who were formerly with the highly successful BlackRock Ventures Inc.
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Wednesday, December 17, 2008
Producing heavy oil in Canada, much of which comes from the big oil sands deposits of northern Alberta, is a tough business and it’s getting tougher.
For full story, click here
Read the full article: "Canada heavy oil firms try to weather price storm"
Monday, December 15, 2008
PetroVietnam Exploitation and Production Corporation (PVEP), a subsidiary of the Vietnam National Oil and Gas Group (PetroVietnam), will establish a joint venture with a Venezuelan firm to exploit and refine heavy oil in Venezuela.
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Read the full article: "Vietnamese oil and gas co to exploit heavy oil in Venezuela"
Wednesday, December 3, 2008
Extraction and refining of heavy oil from Canada’s oil sands threatens to kill as many as 166 million migratory birds over the next 30 to 50 years, according to a report released.
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Read the full article: "Canadian oil sands industry threatens millions of birds: study"
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