Heavy Oil News
| Canada >> 6/11/2025 - Lloydminster Well Performance: Shipped 6,203 barrels (bbl) of oil for the month of Average daily production rate: 185 bbl/d gross (37.5 bbl/d net) to the Represents an 75% working interest owne... |
| Canada >> 3/20/2025 - First Helium Inc. (“First Helium” or the “Company”) announced two discoveries at its Worsley Project: Shallow Heavy Oil Discovery In the recently completed 7-30 well, approximately 5... |
| Canada >> 1/5/2024 - 2023 was a highly successful year for the restructured Prospera Energy Inc. PEI drilled, completed and tied-in nine horizontal wells in heavy oil reservoir with initial production rates exceeding expe... |
| Canada >> 3/1/2023 - Lycos Energy Inc. is pleased to announce the addition of 1,500 boe/d (100% oil) production and 1,808 Mboe of producing reserves(1) in the Lloydminster area (the "Assets"). Lycos' total current product... |
| Canada >> 12/20/2022 - Acceleware® Ltd., a leading developer of technologies targeting low-cost and clean extraction of heavy oil and bitumen, announces that Alberta Innovates has provided a further $900,000 in non-dilutive... |
| Canada >> 12/7/2022 - Prospera is pleased to announce medium-light oil flowing at 400 barrels per day production test results from the recent strategic medium-light oil property acquisition. The Corporation has closed this... |
| Canada >> 6/5/2022 - Gear Energy Ltd. recently applied to the Alberta Energy Regulator ("AER") for permission to transfer some non-core Alberta heavy oil assets. Gear is sending this press release to provide additional cl... |
| Canada >> 10/28/2021 - Crew Energy Inc., a growth-oriented natural gas weighted producer operating exclusively in the world-class Montney play in northeast British Columbia, is pleased to confirm the Q3 sale of our Lloydmin... |
| 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... |
| 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... |
| 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... |
| 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... |
| 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... |
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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... |
| 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 >> 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 >> 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... |
| 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... |
| 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... |
| 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... |
