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Heavy Oil


Ivanhoe Disputes Baseless Allegations Filed
EC >>  5/10/2013 - Ivanhoe Energy announced that reported allegations contained in a recently filed lawsuit in Vancouver, British Columbia against Ivanhoe Energy, its subsidiaries Ivanhoe Energy Latin America and Ivanho...

BlackPearl Provides Operating Results
CA >>  5/8/2013 - BlackPearl Resources Inc. ("BlackPearl" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2013. ...

Expro Wins $10mn Award for Full Service Offering
BR >>  4/17/2013 - Leading international oilfield services company Expro has been awarded a contract to provide equipment and services in support of a client’s offshore project in Latin America. ...

Odfjell Drilling to Provide Platform Drilling on Mariner
UK >>  4/10/2013 - Statoil has awarded the contract for drilling services on the Mariner platform on the UK continental shelf to UK-based Odfjell Drilling. ...

GE to Acquire Lufkin Industries for $3.3 Billion
US >>  4/8/2013 - GE and Lufkin Industries Inc. announced a joint agreement whereby GE will acquire Lufkin Industries Inc., a leading provider of artificial lift technologies for the oil and gas industry and a manufact...

Forent Energy Sales Mervin Heavy Oil Property
CA >>  1/17/2013 - Forent Energy Ltd. (Forent) or the Company) is pleased to provide the following corporate update. Forent has signed an agreement to sell its Mervin heavy oil property to a major heavy oil operator for...

Vanoil Energy Appoints Samuel Malin as Director
CA >>  4/4/2013 - Vanoil Energy Ltd., a TSX-V-listed oil and gas company with a diversified portfolio of assets in East Africa, is pleased to announce it has appointed Samuel Malin as director of the Company, with imme...

Kreyenhagen Project Area JV Status & Operational Update
US >>  3/25/2013 - Solimar Energy is pleased to provide the following status update on the Company’s joint venture activity in the Kreyenhagen Project area and an operational update on the Company’s Kreyenhagen shallow ...

Jacka Resources Awarded Ruhuhu Licence in Tanzania
TZ >>  3/20/2013 - Australian listed African explorer Jacka Resources Limited (Jacka) is pleased to announce that a Production Sharing Agreement (PSA) for the Ruhuhu Block was signed at a ceremony in Dar es Salaam on 19...

Anderson Announces 2012 4Q & Year End Results
CA >>  3/18/2013 - Anderson Energy Ltd. (“Anderson” or the “Company”) is pleased to announce its operating and financial results for the fourth quarter and year ended December 31, 2012. ...

Ivanhoe Energy Reports 2012 Financial Results
CA >>  3/18/2013 - Ivanhoe Energy Inc. is reporting today its 2012 financial results and 2013 business plan. In 2012, Ivanhoe Energy restructured and right-sized the organization to strengthen the balance sheet and bett...

Venezuela Oil Sector Faces More Degradation
VE >>  3/13/2013 - Venezuela's oil industry could deteriorate further if Nicolas Maduro, the chosen successor of late president Hugo Chavez, wins national elections next month, the West's energy agency said. ...

Connacher Appoints The Chief Executive Officer
US >>  3/11/2013 - Connacher Oil and Gas Limited announced that Mr. Christopher Bloomer will become Connacher's Chief Executive Officer, effective April 11, 2013. In conjunction with this role, Mr. Bloomer will also be ...

19th Western Africa Oil, Gas & Energy Conference
NA >>  3/11/2013 - The Government of Namibia and the Commissioner for Petroleum of Namibia are pleased to welcome Global Pacific & Partners’ 19th Western Africa Oil/Gas & Energy Conference 2013 from 22 - 24 April to Win...

Lukoil Introduces New Production Technique for Heavy Oil
RU >>  2/12/2013 - LUKOIL has become the first company in the world to implement a counter Steam-Assisted Gravity Drainage (SAGD) project with a system of horizontal wells located in Lyaelskaya area of Yaregskoye field ...

Kilimanjaro Capital Signs Technology Alliance with NORT
AO >>  2/24/2013 - Kilimanjaro Capital Ltd., a private Canadian resource development and services company focusing on emerging nations in West Africa, has signed a Strategic Technology Alliance with Northern Oil Researc...

Pacific Finds NG & Condensate Discovery in Guama Block
CO >>  2/20/2013 - Pacific Rubiales Energy Corp announced the discovery of natural gas and condensate in the Manamo-1X exploration well drilled in the Guama Block in the Lower Magdalena basin, onshore northern Colombia....

Irans Heavy Oil Price Rises
IR >>  2/15/2013 - Average price of Irans Heavy oil rose about 2 dollars in January 2013, according to OPEC’s latest Monthly Oil Market Report. ...

Egypt’s Drop in Gas Supplies Renews Concerns in Jordan
EG >>  1/29/2013 - Natural gas supplies from Egypt to Jordan fell to 2.3 million cubic meters per day since Saturday, one-third of the 6.8 million cubic meters agreed upon in the gas deal between Amman and Cairo. ...

Canacol Energy Announces 2013 Production Program
CO >>  1/29/2013 - Canacol Energy Ltd. is pleased to provide its 2013 capital program and production guidance. The Corporation plans to spend gross capex of US$ 67 million in calendar 2013 on drilling, work overs, seism...

GlassPoint Welcomes Former Schlumberger President
CA >>  1/22/2013 - GlassPoint Solar Inc., the global leader in solar enhanced oil recovery (EOR), announced former Schlumberger President Zaki Selim has joined its Board of Directors. Mr. Selim most recently served as S...

BP Outlook 2030 Shows Increasing Impact of Unconventional
US >>  1/16/2013 - Strong growth in production from unconventional sources of gas and oil will have a major impact on global energy markets to 2030, redefining expectations for major economies and rebalancing global tra...

New Oil Discovery in the Sabanero Block
CO >>  1/14/2013 - The Sabanero block covers an area of 434 sqkm and it is located approximately at 250 km to the South East of Bogota in the heavy-oil prolific Llanos Basin at approx. 50 km northeast of Rubiales and Qu...

CB&I Announces Offshore Award in UK North Sea
UK >>  1/10/2013 - CB&I announced that it has been awarded a project valued in excess of US$250 million by Daewoo Ship building & Marine Engineering Co, Ltd. (DSME). This is a fourth quarter 2012 award. ...

CB&I Awarded a US$250m Project by DSME
UK >>  1/10/2013 - CB&I announced that it has been awarded a project valued in excess of US$250 million by Daewoo Ship building & Marine Engineering Co, Ltd. (DSME). This is a fourth quarter 2012 award. CB&I's scope of ...

Southern Pacific Provides Operational Update
US >>  1/7/2013 - Southern Pacific Resource Corp. (“Southern Pacific” or the “Company”) is pleased to report increasing production from its STP-McKay Thermal Project in Alberta, the arrival of the first shipment of dil...

Canacol Provides Colombian Exploration Update
CO >>  9/25/2012 - Canacol Energy Ltd is pleased to provide the following update with respect to its ongoing exploration programs in Colombia for the remainder of calendar 2012. The Corporation plans to drill a total of...

Canacol Announces Drilling Program in Colombia
CO >>  6/14/2012 - Canacol Energy Ltd. is pleased to announce the start of its heavy oil exploration drilling program on its Portofino and Cedrela Exploration and Production (“E&P”) contracts located in the Caguan – Put...

CEC North Star Continued Advancements Heavy Oil Projects
CA >>  12/28/2012 - CEC North Star Energy Ltd or CEC North Star (the Corporation), A Calgary based private Heavy Oil Company, with major resources in the Peace River area of northern Alberta has updated the findings of i...

QGEP Becomes Block BS-4’s Operator
BR >>  2/27/2012 - Queiroz Galvao Exploraçao e Produçao closes February as BS-4’s operator. This block comprises the heavy oil fields of Atlanta and Oliva and has a total volume of over two billion oil barrels in situ. ...

EORC for Sustaining World Oil Reserves in Abu Dhabi
AE >>  12/18/2012 - The 2nd Annual Enhanced Oil Recovery and Heavy Oil Conference, a global platform for speakers and attendees, will discuss the latest developments in the field of Enhanced Oil Recovery (EOR) and heavy ...

Sea Dragon Announces 3Q 2012 Results in NE Gemsa
EG >>  11/27/2012 - Sea Dragon Energy Inc. is pleased to announce its 2012 third quarter financial and operating results. All dollar values are expressed in United States dollars unless otherwise stated. ...

Canacol Energy Provides Colombian Exploration Update
CO >>  10/31/2012 - Canacol Energy Ltd is pleased to provide the following update concerning its non-operated Mono Arana 1 exploration well currently drilling on the VMM2 Exploration and Production ("E&P") Contract locat...

FERTIL to Present Their Urea Project for the First Time
AE >>  11/20/2012 - The leading Petroleum Conference & Consulting Company Euro Petroleum Consultants has announced the programme for ME-TECH 2013 - their annual Middle East Technology Forum. The event, taking place next ...

Ivanhoe Energy Announces Sale of Pan-China Resources
CN >>  11/21/2012 - Ivanhoe Energy Inc. announced that it has signed a Share Purchase and Sale Agreement with MIE Holdings Corporation (MIE) for all of the outstanding shares of its indirect, wholly owned subsidiary, Pan...

JV PetroMonagas’s Production Increases 18% to 35.5 MMBO
VE >>  10/31/2012 - TNK-BP announces an increase in oil production by JV PetroMonagas, a joint venture between TNK-BP (16.7%) and the Venezuelan state company PDVSA (83.3%), up to 35.5 million barrels in the first 9 mont...

FMC Receives $33m Subsea Equipment Order for Pazflor Field
AO >>  10/17/2012 - FMC Technologies, Inc. announced that it has received an order from Total E&P Angola for additional subsea equipment for the Pazflor field. The contract has an estimated value of $33 million in revenu...

Oil Production Starts at Junin-6 Block in Venezuela
VE >>  9/27/2012 - The first oil production has started at the Junin-6 block in the Orinoco River basin in Venezuela. The giant Junin-6 oil field, which has geological reserves of over 50 billion barrels of oil, will be...

Petrobras Gets Approval to Acquire Anadarko Stake in Brazil
BR >>  9/27/2012 - Petroleo Brasileiro SA (PETR4), the world’s biggest oil producer in deep water, received approval to acquire Anadarko Petroleum Corp. (APC)’s 30 percent stake in an offshore block, the country’s oil r...

Russian Scientific & Practical Conference Held in Almetyevsk
RU >>  9/26/2012 - The third scientific and practical conference "Status and further development of basic principles for the development of oil fields," dedicated to the memory and scientific heritage of Nickolay Lisovs...

B4EW3 Well Flows 2,400 Bopd on Block 4
OM >>  9/20/2012 - The exploration well B4EW3 on Block 4 onshore Oman has been successfully completed. At an initial flow test, the well flowed at a rate of 2,400 BOPD from the Khufai formation. B4EW3 has been connected...

Shell to Construct World's First Oil Sands (CCS) Project
CA >>  9/5/2012 - Shell announced that it will go ahead with the first carbon capture and storage (CCS) project for an oil sands operation in Canada. The Quest project will be built on behalf of the Athabasca Oil Sands...

Schlumberger Delivers Software Platform for Improved E&P
US >>  8/9/2012 - Schlumberger announced the release of the Petrel* 2012 E&P software platform delivering integrated analysis from exploration to production. ...

Expro Wins Well Testing Contract in Bentley Field
UK >>  7/23/2012 - Leading international oilfield Services Company Expro has been awarded a contract to provide equipment and services in support of Xcite Energy’s 90 day extended well test in the Bentley Field. Located...

QP Joins ITF to Help Solve Middle East Challenges
QA >>  7/23/2012 - Qatar Petroleum (QP) has joined the global oil and gas technology facilitator ITF to collaborate on finding new solutions to boost oil and gas production in the Middle East. ...

NIOC Conducting Study On Shale Oil
IR >>  7/16/2012 - Exploration director at National Iranian Oil Company (NIOC), Mahmoud Mohaddes, says some oil shale deposits have been identified in west of the country in Ghali Koh region in an effort to identify unc...

World Oil Supply - Jul 12
AT >>  7/12/2012 - Non-OPEC
Forecast for 2012
Non-OPEC oil supply is forecast to average 53.06 mb/d in 2012, an increase of 0.67 mb/d over 2011, indicating a minor upward revision of 10 tb/d fr...


Total Takes Operatorship of Xerelete Block in Brazil
BR >>  7/10/2012 - Total announces that it has become operator of the offshore Xerelete concession located in a promising area of Brazil’s Campos basin. The transfer of operatorship from Petrobras to Total follows a una...

Drilling to Be Started in 4 Oil Fields
IR >>  7/4/2012 - Three drilling rigs will be imported next month to start drilling operations in four oil fields including Koh Mond, Kaki, Boshgan and Zagheh. ...

Statoil Acquires FPSO Maersk Peregrino
BR >>  6/12/2012 - Statoil and its partner Sinochem have agreed to purchase the Peregrino FPSO from Maersk. The floating production, storage and offloading unit has been in use at the Statoil-operated Peregrino field in...


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