Heavy Oil

  • Gear Closes $85-Million Asset Acquisition

    Gear Energy Ltd. has closed the acquisition of heavy oil assets focused near the company’s core producing areas of Wildmere in Alberta and Maidstone in Saskatchewan for $85 million, subject to post-closing adjustments.

    May 1, 2014, 7:26 AM MDT

  • The New Heavy Oil & Oilsands Guidebook Is Now Available

    Invest in this year’s playbook for the Canadian heavy oil and oilsands sector.

    April 22, 2014, 6 AM MDT

  • AER Accepts Peace River Panel Recommendations; Releases Revised Flaring And Venting Directive

    The Alberta Energy Regulator has accepted all the recommendations within its jurisdiction of an independent panel that conducted a hearing into odours and emissions from cold heavy oil production with sand (CHOPS) operations in the Peace River area.

    April 16, 2014, 10:57 AM MDT

  • CO2 Solutions Announces Carbon Capture Pilot With Husky

    CO2 Solutions Inc. will install and operate a pilot unit capturing about 15 tonnes of carbon dioxide per day on a once-through steam generator at Husky Energy Inc.’s Pikes Peak South heavy oil project near Lloydminster, Sask.

    April 16, 2014, 9:38 AM MDT

  • Kuwait To Award $4.3 Billion Contract This Year For Heavy Oil Project

    April 16, 2014, 9:46 AM MDT

  • Edge Resources Increases CHOPs Output

    Edge Resources Inc. says production from its newest CHOPS oil wells (cold heavy oil production with sand) continues to increase and the company’s total oil production is currently over 400 bbls of oil per day.

    April 9, 2014, 9:28 AM MDT

  • Century Energy Sells Vawn Heavy Oil Assets

    Century Energy Ltd. says that it has sold the Vawn heavy oil assets, subject to shareholder and regulatory approval.

    April 9, 2014, 9:26 AM MDT

  • Peace River Heavy Oil Proceeding Report Recommends Operational Changes To Conserve Produced Gas

    The Alberta Energy Regulator will provide a formal response by April 15, 2015,to the report of a four-member panel that conducted a proceeding into odours and emissions from heavy oil operations in the Peace River area of northwestern Alberta.

    April 1, 2014, 10:30 AM MDT

  • Saskatchewan Government Allocates $1.9 Million For Heavy Oil EOR Research

    The Innovation Saskatchewan board of directors has approved $1.9 million in research and development funding for the 2013-14 fiscal year to develop enhanced oil recovery (EOR) technologies in heavy oil fields.

    March 7, 2014, 10:02 AM MST

  • West Hazel Water Disposal Facility Planned By Aroway

    Aroway Energy Inc. says it has executed a farm-out agreement with two private companies that will jointly construct and install a water disposal facility to service its owned and operated West Hazel heavy oil property in western Saskatchewan.

    February 24, 2014, 8:05 AM MST

  • Heavy Oil Company Seeks Operations Technician

    Calgary based public heavy oil and gas exploration and production company is seeking a highly qualified Operations Technician. Candidates should have operations technician experience spanning varied projects to add to our department’s capabilities. 

    February 13, 2014, 6 AM MST

  • Canada Crude: Heavy Grades Weaken To Six-Week Lows

    February 12, 2014, 11:35 AM MST

  • Husky Sanctions $300 Million Lima Refinery Upgrade

    Husky Energy Inc. has sanctioned a new project at its Lima refinery in Ohio to allow for the processing of up to 40,000 bbls a day of heavy crude from Western Canada, starting in 2017.

    February 3, 2014, 8:36 AM MST

  • Baytex To Capture Emissions At Reno

    Baytex Energy Ltd. will install equipment to capture emissions from above-ground tanks at its cold heavy oil production with sand (CHOPS) operations at the Reno field near Peace River, a public hearing heard Wednesday.

    January 23, 2014, 10:58 AM MST

  • AER Hearing On Peace River Heavy Oil Odours Set For Jan. 21

    Residents in the Peace River oilsands who for years have been raising concerns about odours and emissions associated mainly with cold heavy oil operations (CHOP) will have an opportunity to be heard by the Alberta Energy Regulator later this month.

    January 9, 2014, 10:12 AM MST

  • Husky Approves Two More Saskatchewan SAGD Projects

    Husky Energy Inc. has sanctioned two more SAGD projects in Saskatchewan, which will bring its total thermal oil output in the Lloydminster region to about 55,000 bbls a day in 2016.

    January 9, 2014, 8:22 AM MST

  • Baytex Looks Forward To A Strong Year

    Heavy oil-weighted Baytex Energy Corp. has an optimistic outlook for 2014 and is looking to grow production to the 60,000 to 62,000 boe per day range.

    January 9, 2014, 8:37 AM MST

  • Palliser Reduces 2013 Production Forecast

    Average production for 2013 is now forecast at approximately 2,330 bbls of oil equivalent per day, representing a four per cent downward revision from the previous forecast, says Palliser Oil & Gas Corporation.

    December 23, 2013, 12 PM MST

  • Pacific Rubiales Announces Successful Oil Flow From Two Wells in Colombia

    Pacific Rubiales Energy Corp. announced the successful results of the first production tests in the CPE-6-1X exploration well and the CPE-6-H2 appraisal well, two new wells drilled during December in the CPE-6 Block in the Eastern Llanos Basin, onshore Colombia.

    December 23, 2013, 12 PM MST

  • Cutting Carbon Profile May Open Doors For Alberta Heavy Oil

    Cutting the carbon intensity of Alberta's heavy oil could open new markets abroad, the head of the company proposing a major East Coast marine terminal for that purpose said in Calgary yesterday.

    October 17, 2013, 12 PM MDT

  • Baytex Continues To Advance CSS Enhanced Recovery Project

    Baytex Energy Corp. continues to advance its heavy oil cyclic steam stimulation (CSS) enhanced recovery project at Cliffdale in the Peace River area and the company remains on track for first steam at its second module to occur during the first half of 2014.

    October 17, 2013, 12 PM MDT

  • Pacific Rubiales Granted Patent In Colombia

    Toronto-based Pacific Rubiales Energy Corp. says the Colombian patent authority has granted it a patent for its proprietary Synchronized Thermal Additional Recovery (STAR) enhanced oil recovery technology.

    October 8, 2013, 12 PM MDT

  • Bayshore Signs Contract To Manage Pilot Upgrader

    Calgary-based Bayshore Petroleum Corp. says that it has entered into a management contract with TianAn (Canada) Energy Technology Investment Co. Ltd. to construct and build the first pilot heavy oil upgrader using a proprietary low temperature catalytic cracking (CCC) technology.

    October 4, 2013, 12 PM MDT

  • Rail Opening New Doors To Heavy Crude Shippers

    The West Coast, including California and the Pacific Northwest, offers promising new opportunities for Canadian producers moving crude-by-rail where pipeline capacity is tight or non-existent, says a junior oilsands executive.

    September 20, 2013, 12 PM MDT

  • Husky Energy To Proceed With Lima Refinery Revamp - Local Media

    (Reuters) -- Husky Energy Inc., Canada's No. 3 integrated oil company, will proceed with a $300 million plan that will let its 160,000 bbl-per-day refinery at Lima, Ohio, process up to 40,000 bbls per day of Canadian heavy crude by 2017, according to a media report on Tuesday.

    September 11, 2013, 12 PM MDT