News Items

AAPG 2007 (Long Beach, California, from 2007-04-01 17:00 to 2007-04-04 12:00) —

American Association of Petroleum Geologists annual meeting - theme "Understanding Earth Systems"

Heavy Oils: Reservoir Characterization and Production Monitoring (University of Alberta, from 2007-07-29 12:00 to 2007-08-02 17:00) —

A Society of Exploration Geophysicists (SEG) Forum

IPTC 2007 (Dubai World Trade Center, from 2007-12-04 09:00 to 2007-12-06 17:00) —

International Petroleum Technology Conference and Exhibition.

Petro-Canada delays expansion last modified 2008-11-18 09:58

November 17, 2008 CALGARY -- Petro-Canada and its partners Teck Cominco Ltd. and UTS Energy Corp. became the latest companies to postpone expansion of an oil sands project by delaying a decision on further investment in a $19.5 billion oil sands project in northern Alberta.

BP to boost Alaska spending last modified 2008-11-21 08:51

November 20, 2008 ANCHORAGE -- BP, Europe's second-largest oil company by market value, plans to increase spending on capital projects in Alaska to $1.2 billion us in 2009 from $900 million this year, said Doug Suttles, president of BP's Alaska unit, at an industry conference in Anchorage.

Alberta relaxes royalty increase plans last modified 2008-11-21 08:53

November 20, 2008 CALGARY -- The Albertan provincial government is offering improved terms for companies drilling new unconventional oil and natural gas wells in the province.

Saskatchewan applications for THAI last modified 2008-11-22 10:02

November 21, 2008 CALGARY -- Petrobank Energy and Resources Ltd. has entered into a royalty and technology license and a joint venture agreement with True Energy Trust to apply Petrobank's patented THAI heavy oil recovery technology on portions of True's Kerrobert heavy oil property in Saskatchewan.

Petrobras discovers pre-salt oil under heavy oil fields last modified 2008-11-24 08:25

November 24, 2008 RIO DE JANEIRO -- Petrobras has announced that it has completed the drilling of two new wells in the pre-salt layer off the coast of Espirito Santo.

Hyundai Oilbank to start work on new heavy-oil plant last modified 2008-11-24 08:56

November 24, 2008 SEOUL -- Hyundai Oilbank Corp., South Korea's fourth-largest refiner, said Monday it has signed a 1.68 trillion won (US$1.1 billion) deal with two local builders to construct a second processing plant by July 2011.

Chevron expands Duri production last modified 2008-11-28 10:34

November 26, 2008 JAKARTA -- Chevron has announced that it has kicked off additional crude production from the giant Duri onshore field in Sumatra, Indonesia.

New Alberta oil sands waste rules last modified 2008-11-28 10:44

November 27, 2008 CALGARY -- Alberta's Energy Resources and Conservation Board (ERCB), the province's oil and gas regulator, has been working on a new set of rules to mitigate the environmental impact of oil sands developments.

PetroVietnam JV in Venezuela last modified 2008-11-28 10:50

November 28, 2008 HANOI -- PetroVietnam yesterday signed a memorandum of understanding with the Venezuelan Petroleum Corporation (CVP), a member of the Venezuela Oil and Gas Group (PDVSA), on the establishment of a joint venture and contract to exploit and refine heavy oil at Lot Junin 2 in the Orinoco heavy oil belt in Venezuela.

Shell delays Carmon Creek project last modified 2008-11-29 11:09

November 28, 2008 CALGARY -- Shell has withdrawn its application for regulatory approval for its Carmon Creek oil sands project in Canada.

CNPC plans CSS in Yuedong last modified 2008-12-03 15:43

December 3, 2008 BEIJING -- CNPC, parent company of PetroChina, has started to develop the offshore Yuedong oilfield in Bohai Bay, following an overall development plan.

Production starts from Marlim Leste last modified 2008-12-03 15:44

December 2, 2008 RIO DE JANEIRO -- Petrobras has announced first production from the Marlim Leste heavy oil field in the Campos Basin, approximately 120km off the coast of Rio de Janeiro.

Interest in Venezuelan heavy oil tender last modified 2008-12-03 15:42

December 3, 2008 CARACAS -- Venezuela has handed out data packs to 19 companies that have expressed an interest in a heavy oil round.