News
What's new in the industry.
British Petroleum's 4-year target
March 10, 2010 GULF OF MEXICO -- BP has laid out its plans to replace 1 million barrels of oil output per day and add $3 billion to profits over the next 4 years, as it seeks to prevent production from falling.
Reliance weighs entry into Canadian oil sands
March 9, 2010 CALGARY -- Reliance Industries Limited (RIL), India's largest refining and petrochemicals company, is considering a $2 billion bid for Canadian oilsands developer Value Creation Incorporated, a RIL spokesman said February 5.
Ivanhoe Energy passes halfway mark in drilling program at Tamarack
March 5, 2010 ALBERTA -- David Dyck, President and Chief Executive Officer of Ivanhoe Energy Canada Inc. announced that Ivanhoe Energy has completed over 50% of its 30-well delineation drilling program at the Tamarack project in the Athabasca region of northern Alberta, and expects to complete drilling by mid-March.
Athabasca plans $750-million IPO; oil sands play to go public with PetroChina's backing
March 2, 2010 ALBERTA -- Athabasca Oil Sands Corp. is raising the cash needed to be the next big thing in Alberta, announcing a $750-million initial public offer that follows on last year’s $1.9-billion investment in the company by state-owned PetroChina.
