Heavy Oil News

Cenovus Announced as Consortium Member for Acceleware’s Marwayne RF XL Pilot
Canada >> 7/9/2021 - Acceleware Ltd., a leading developer of electrification technologies targeting low-cost, low-carbon and clean extraction of heavy oil and bitumen, is pleased to announce that Cenovus Energy Inc. (“Cen...
Maha Energy Announce LAK Ranch Book Value Impairment
United States >> 2/4/2021 - Maha Energy AB will incur a write down of the book value of its LAK Ranch heavy oil field in Wyoming, USA, on the Company’s balance sheet by approximately USD 20 million, subject to year-end audit rev...
Frontera Announces Third Quarter 2020 Results
Colombia >> 11/4/2020 - Frontera Energy Corporation reported financial and operational results for the third quarter ended September 30, 2020. All financial amounts in this news release are in United States dollars, unless o...
Acceleware Announces Regulatory Approval of Marwayne Pilot Project
Canada >> 10/16/2020 - Acceleware® Ltd., a leading developer of technologies targeting low-cost and clean extraction of heavy oil and bitumen, including enabling the development of low-carbon bitumen beyond combustion initi...
Adnoc Commissions Specialised Coker Unit
United Arab Emirates >> 9/2/2018 - ADNOC Refining, a subsidiary of the Abu Dhabi National Oil Company (ADNOC) has successfully completed the commissioning of a specialized coker unit, as part of its Carbon Black and Coker Project. With...
Rosneft Buys Egyptian Crude for First Time in Tender
Rosneft Buys Egyptian Crude for First Time in Tender Egypt >> 3/8/2017 - The trading arm of Russia's state oil firm Rosneft bought three cargoes of Egypt's heavy sour Ras Gharib grade, the first time the company has bought Egyptian crude. Geneva-based Rosneft Trading won t...
PDO Invites Firms to Unlock Potential of Habhab Heavy Oilfield
Oman >> 1/18/2017 - Majority state-owned Petroleum Development Oman (PDO) is looking to partner with international oil and gas companies in harnessing the prodigious hydrocarbon potential of its Habhab oilfield – a large...
Kuwait to Start Heavy Oil Production by 2018
Kuwait >> 12/7/2016 - Heavy oil production will begin in the end of the year 2018 with roughly 10 to 15 thousand barrels per day at Ratqa refinery, Chief Executive Officer (CEO) of Kuwait Oil Company (KOC) Jamal Jaafar sai...
Kuwait Plans to Drill for Heavy Oil
Kuwait >> 6/5/2013 - Major crude producer Kuwait plans to start drilling for heavy oil so that the Gulf Arab state can produce up to 60,000 barrels per day (bpd) of it by 2017, a local newspaper reported. OPEC member Kuwa...
Forent Energy Sales Mervin Heavy Oil Property
Canada >> 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...
CEC North Star Continued Advancements Heavy Oil Projects
Canada >> 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...
Foreign Investors to Develop Iran’s Heavy Oil Fields
Iran >> 12/18/2010 - ‘Foreign oil companies are interested in development of iran’s heavy and extra heavy oil fields including 35 billion barrel reserves Ferdowsi oil field,’ the official in charge of heavy and extra heav...
Successful Heavy Oil Production in a Carbonate Field
United States >> 10/25/2010 - Heavy oil accounts for more than twice the world’s resources of conventional oil. Yet, because it is highly viscous and difficult to produce, heavy oil provides only about 12% of the world’s crude sup...
Total Signs Two Heavy Oil Study Agreements with PDVSA
Venezuela >> 2/4/2008 - Total announced the signature of two joint study agreements with PDVSA concerning the Junin 10 block in the Orinoco Belt in Venezuela.The agreements call for appraising the block’s extra-heavy crude o...
INPEX CORPORATION Joins Ivanhoe Energy In Major Heavy Oil Field Opportunity
Iraq >> 4/19/2007 - Ivanhoe Energy Inc. and INPEX CORPORATION have signed an agreement to jointly pursue the opportunity to develop a heavy oil field in Iraq that Ivanhoe Energy believes is a suitable candidate for its p...
West Africa Deal to Fund Study into Major Heavy Oil Deposit (RNS)
Senegal >> 3/19/2005 - Sterling has signed a farm-out deal with Markmore Energy (L) Ltd, a private oil and gas company wholly owned by investor Tan Sri Halim Saad for the Dome Flore offshore petroleum license held by Sterli...

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