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Credit costs put EnCana breakup in doubt
October 11, 2008 CALGARY -- EnCana Corp. is revisiting plans to split into two companies, as Canada's largest energy company struggles to get favourable financing terms for its two offspring.
Ivanhoe looking at Ecuador
October 10, 2008 QUITO -- Ivanhoe Energy Inc., a Vancouver based oil and natural-gas producer, may spend $4.3 billion over 30 years to extract heavy crude from Ecuador's Amazon region, state-owned PetroEcuador said.
Oilsands delays likely
October 10, 2008 OTTAWA --Oil sands producers may start looking to pause multibillion-dollar projects as crude prices slump below the sector's comfort zone.
Chevron patents upgrading process
October 9, 2008 SAN RAMON -- Darush Farshid of Larkspur, Calif., James Murphy of Vallejo, Calif., and Bruce Reynolds of Martinez, Calif., have developed a process for upgrading heavy oil.
Roc plugs Angola heavy oil appraisal well
October 8, 2008 LUANDA -- Roc Oil has plugged and abandoned MAW-1, the first appraisal well to be set up as a result of the Massambala heavy oil discovery.
Heavy oil flows from Ugnu CHOPS test
October 7, 2008 ANCHORAGE -- BP Exploration (Alaska) Inc. achieved success in an initial test for production of heavy oil from the Ugnu formation on the North Slope, according to a company spokesman.
AOSC acquires new bitumen acreage
October 7, 2008 CALGARY -- Athabasca Oil Sands Corp. (AOSC) said it has acquired a 50% stake in a bitumen joint venture with an undisclosed company.
CSS pilot planned for Foster Creek
October 6, 2008 CALGARY -- EnCana Corporation is proposing to develop its first cyclic steam stimulation (CSS) pilot project in the Clearwater formation in the Cold Lake oilsands near its existing Foster Creek development.
Technology review from ONGC directors
October 4, 2008 AHMEDABAD -- Discovery of oil at 100 metre depth in at Ankleshwar has surprised Oil and Natural Gas Corporation (ONGC), said ONGC Director Exploration D K Pandey.
Nexen in final testing stage for upgrader
October 3, 2008 CALGARY -- Nexen Inc. says final pre-operational testing of its Long Lake bitumen upgrader is ongoing.
Encana oilsands business to become Cenovus Energy
September 30, 2008 CALGARY -- Cenovus Energy Inc. has been selected as the new name for the integrated oil company that EnCana Corporation is creating as part of its split into two independent energy companies focused on unconventional resources - an integrated oil company and a pure-play natural gas company.