Heavy Oil Investing News

Economics of heavy oil production

Heavy Oil Researcher — Mon, 05 Jan 2009 14:04:14 +0000

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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Baytex Energy Trust operations are still profitable

Heavy Oil Researcher — Mon, 05 Jan 2009 14:02:40 +0000

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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Canada heavy oil firms try to weather price storm

Heavy Oil Researcher — Wed, 31 Dec 2008 21:19:13 +0000

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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MegaWest Provides Corporate Update and Files Second Quarter Report

Heavy Oil Researcher — Wed, 31 Dec 2008 21:17:22 +0000

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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Brazil’s Petrobras makes another subsalt oil find

Heavy Oil Researcher — Tue, 30 Dec 2008 16:09:25 +0000

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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Russia, Venezuela to form ’strategic’ oil alliance

Heavy Oil Researcher — Tue, 30 Dec 2008 16:05:54 +0000

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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What price will give good returns from oil sand?

Heavy Oil Researcher — Fri, 26 Dec 2008 15:33:03 +0000

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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UTS Energy: Dangerous Play?

Heavy Oil Researcher — Thu, 25 Dec 2008 11:52:59 +0000

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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Ivanhoe Energy to develop Pungarayacu heavy-Oil field in Ecuador

Heavy Oil Researcher — Thu, 25 Dec 2008 11:51:16 +0000

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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Faragon adjusts to heavy oil, tops Roth in Stockade Open

Heavy Oil Researcher — Wed, 24 Dec 2008 15:26:25 +0000

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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