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Latest Bitumen Stories

2012-02-29 14:05:05

Process could save time and money for oil/gas industry A University of Toronto research team has developed a process to analyze the behavior of bitumen in reservoirs using a microfluidic chip, a tool commonly associated with the field of medical diagnostics. The process may reduce the cost and time of analyzing bitumen-gas interaction in heavy oil and bitumen reservoirs. Dr. David Sinton, Professor with the Department of Mechanical and Industrial Engineering at the University of...

2012-02-10 08:00:00

Reichel & Drews today announced the acquisition of Reiser Technologies, a leading German supplier of automated production systems used for manufacturing modified bitumen waterproofing membranes. Itasca, Illinois (PRWEB) February 10, 2012 With this acquisition of the Reiser brand, existing owners of Reiser machinery can be confident of receiving continued support and service for their Reiser machinery. In addition, RDI customers will now have a broad choice of modified bitumen membrane...

2011-07-19 23:38:00

HONG KONG, July 20, 2011 /PRNewswire-Asia/ -- CNOOC Limited (the "Company", NYSE: CEO, SEHK: 0883) announced today that CNOOC Luxembourg S.a r.l, an indirect wholly-owned subsidiary of the Company has entered into an Arrangement Agreement to acquire OPTI Canada Inc ("OPTI"). The aggregate value of the consideration of the transaction is approximately US$2.1 billion, which includes aggregate cash consideration of US$1.25 billion payable to the holders of the OPTI shares (US$34 million) and...

2011-07-12 06:45:00

PASADENA, Calif., July 12, 2011 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it has been awarded a contract by North West Redwater Partnership to provide detailed engineering, procurement and construction services for the development of a new oil refinery in Alberta, Canada. Officials did not disclose the contract value. The North West Redwater Refinery is expected to treat and sell bitumen, a portion of which is royalty in-kind bitumen supplied by the...

2011-05-31 10:35:00

CALGARY, May 31, 2011 /PRNewswire/ - Connacher Oil and Gas Limited (TSX: CLL) ("Connacher" or  "we") announced today that we have now completed the issuance of US$550 million face value 8.5% senior secured second lien notes, due August 1, 2019 ("US Dollar Notes") and CDN$350 million face value 8.75% senior secured second lien notes, due August 1, 2018 ("CDN Dollar Notes" and, together with the US Dollar Notes, the "Notes"). The Notes were originally purchased by a syndicate of...

2011-03-25 00:00:30

Garland's new White-Knight® Plus/White-Stallion® Plus high-reflectance, high-emittance coatings restore and revitalize aged roof systems. This high tensile and tear resistant multi-purpose, single component aliphatic urethane coating maintains, restores, and upgrades the performance of existing single-ply, metal, smooth BUR, and modified bitumen roof systems. Cleveland, OH (Vocus/PRWEB) March 24, 2011 The Garland Company, Inc., manufacturer and distributor of high-performance...

2010-11-04 07:00:00

Initial output of 20,000 barrels per day projected in 2013 CALGARY, Nov. 4 /PRNewswire/ - David Dyck, President and Chief Operating Officer of Ivanhoe Energy Inc. (TSX: IE, NASDAQ: IVAN) announced today that the company has completed a major milestone towards commercial production at its Tamarack Project with the submission of its regulatory application to the Government of Alberta. The application is for the development of an integrated in-situ heavy oil project to be built in two...

2010-07-22 00:48:00

SINGAPORE, July 22, 2010 /PRNewswire/ -- ICIS pricing, the industry's most respected chemical pricing service for more than 120 global commodities, is extending its portfolio of market information by launching a new Bitumen (Asia/Middle East) report. The new weekly report covers Bitumen 60/70 (Bulk) for FOB Singapore, Korea, Taiwan, Thailand as well as CFR China and SE Asia. It also covers Bitumen 60/70 (Drum) for FOB Iran and upstream for fuel oil 180 cst. The report delivers the...

2009-10-06 11:02:00

NEW YORK, Oct. 6 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue. Reportlinker Adds Bitumen Market Research http://www.reportlinker.com/p0152369/Reportlinker-Adds-Bitumen-Market-Research.html This review focuses on the study of the international bitumen markets. It describes bitumen properties and application areas. It features major bitumen producers, prices, supply and demand conditions, etc. 1. BITUMEN:...


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