Quantcast
Last updated on April 16, 2014 at 17:34 EDT

Latest heavy oil Stories

2009-03-24 07:30:00

Engineering underway for full-scale HTL commercial plants for Ivanhoe projects in Canada and Ecuador HOUSTON, TX, March 24 /PRNewswire-FirstCall/ - Dr. Michael A. Silverman, Executive Vice President, Technology, of Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN), today announced the successful commissioning of the new Feedstock Test Facility (FTF) for the company's proprietary technology for field upgrading of heavy oil to light oil (HTL). The state-of-the-art HTL testing facility will...

2009-03-23 07:00:00

XI'AN, China, March 23 /PRNewswire-Asia-FirstCall/ -- China Bio Energy Holdings Group (OTC Bulletin Board: CBEH), a leading manufacturer and distributor of bio-diesel and distributor of petroleum-related products including gasoline, diesel, and heavy oil in China, today announced its financial results for the fourth quarter and fiscal year 2008. SUMMARY FINANCIALS Fourth Quarter 2008 Results Q4 2008 Q4 2007 CHANGE -Sales...

2009-02-18 21:35:00

CALGARY, Feb. 18 /PRNewswire-FirstCall/ - PENN WEST ENERGY TRUST (TSX - PWT.UN; NYSE - PWE) is pleased to announce its results for the fourth quarter ended December 31, 2008 ------------------------------------------------------------------------- Financial Results - Funds flow(1) of $490 million in the fourth quarter of 2008 was 40 percent higher than the $349 million realized in the fourth quarter of 2007. On a per-unit-basis(1) basic funds flow was $1.27 per...

2009-02-17 12:01:00

XI'AN, China, Feb. 17 /PRNewswire-Asia-FirstCall/ -- China Bio Energy Holdings Group (OTC Bulletin Board: CBEH), a leading manufacturer and distributor of bio-diesel and distributor of petroleum-related products including gasoline, diesel, and heavy oil in China is providing shareholders with an update on changing market conditions and its impact on the Company's 2009 growth plans. China's Oil Pricing Reform For the past 9 years, China's fuel prices have been controlled by the...

2009-02-13 07:30:00

XI'AN, China, Feb. 13 /PRNewswire-Asia-FirstCall/ -- China Bio Energy Holdings Group (OTC Bulletin Board: CBEH), a leading manufacturer and distributor of bio-diesel and distributor of petroleum-related products including gasoline, diesel, and heavy oil in Xi'an, China, today announced it has retained HC International (''HCI'') to manage and execute its investor relations program. Matthew Hayden, and the HCI team, will be advising the Company in all facets of public financial...

2008-11-10 15:00:21

- Revenue Increases 56% to $62.9 Million - - Net Income Increases 122% to $9.1 Million - - 2008 Make-good of $28 million net income and $0.73 in EPS reaffirmed - XI'AN, China, Nov. 10 /Xinhua-PRNewswire-FirstCall/ -- China Bio Energy Holdings Group (BULLETIN BOARD: CBEH) , an energy company engaged in the distribution of heavy oil and finished oil products and the production and distribution of bio-diesel fuel, today announced consolidated financial...

2008-10-08 18:00:29

QUITO, ECUADOR, Oct. 8 /PRNewswire-FirstCall/ -- Robert Friedland, Executive Chairman, President and CEO of Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN), and David Martin, Chairman and CEO of Ivanhoe Energy Latin America Inc., announced today that Ivanhoe Energy Ecuador Inc. has signed a contract with Ecuador state oil companies Petroecuador and Petroproduccion to explore and develop Ecuador's Pungarayacu heavy-oil field, utilizing Ivanhoe's HTL upgrading technology. Ivanhoe Energy Ecuador,...

2008-09-18 12:00:35

French integrated energy major Total has signed an agreement with Madagascar Oil to farm into the heavy oil Bemolanga license onshore Madagascar with a 60% interest. Located onshore in western Madagascar, the 6,500-square-meter Bemolanga license was awarded to Madagascar Oil in 2004. The license contains heavy oil in place that were evaluated at 10 billion barrels during earlier drilling operations and that can be developed using mining technology. Following the transaction, Total will...

2008-09-11 09:00:41

Text of report by state-run Syrian news agency SANA website on 5 September [Report, citing statement to Damascus Al-Ba'th newspaper by Umar al-Hamad, director-general of the Syrian Oil Company [SOC], on SOC's production of oil, natural gas, and electric power, datelined Damascsus; SANA headline: "68.8m barrels of oil were produced in first half of 2008."] Damascus -Syria's production of oil in the first half of 2008 totalled 68,822,900 barrels of oil, of which 32,171,133 barrels were...

2008-09-10 09:00:41

Chevron Corporation (NYSE:CVX) today announced the extension and amendment of its agreement with the Kingdom of Saudi Arabia. This agreement grants Chevron the right to operate on behalf of the Saudi government for its 50 percent undivided interest in the petroleum resources of the onshore area of the Partitioned Neutral Zone (PNZ) between the Kingdom and the State of Kuwait. The agreement extends the existing arrangement for 30 years, through February 19, 2039. Under the agreement,...