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Heavy oil
Kuwait
KBR Wins Feed Contract for Heavy Oil Program in Kuwait
KBR has secured a contract to deliver front-end engineering design (FEED) services for Phase 1 of the Kuwait Oil Company’s (KOC) heavy oil program at the …
Crude Oil
Trio Petroleum Acquires Cash Flow-Positive Oil Assets in Saskatchewan, Canada
Trio Petroleum, a California-based oil and gas company, has finalized the purchase of petroleum and natural gas assets from Novacor Exploration in the Lloydmins…
Oil&Gas Drilling
CNOOC Starts Production in Luda 5-2 North Phase 2 in Bohai Sea
'CNOOC Limited made major technological breakthroughs in this project and significantly enhanced the development efficiency of offshore super heavy oil'…
Crude Oil
Looking for More Oil at Kuparuk River
Development at West Sak, the heavy oil accumulation at the Kuparuk field on Alaska's North Slope, is in the news a lot these days, but Kuparuk operator Cono…
Oil Field
OGDCL Revives Heavy Oil Well in Punjab, Boosts Production by 67%
Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company, has successfully revived a heavy oil well at its R…
Oil&Gas Drilling
Canadian Oil Producer Cenovus to Boost Production 19% in Five Years
Cenovus Energy (CVE.TO), opens new tab, Canada’s third-largest oil producer, said on Tuesday it plans to boost energy production by 19% during the next fi…
Biofuel
NYK Charts Course for Full-Scale Biofuel Trials in 2024
Starting in fiscal 2024, Japanese shipping company NYK plans to launch full-scale trials of the long-term use of biofuels in navigating its existing heavy oil-f…
Net Zero
Germany's New Big Hope Against Warming—Heat Pumps
As Germany looks to a future without fossil fuels, a big white boxy appliance is generating a lively debate—and often a heated one—for its potential to replac…
Crude Oil
U.S. Refiners May Soon Purchase More Canadian Crude
Canada’s benchmark heavy oil price could soon see a boost as U.S. refiners are expected to return to buying large volumes of Canadian crude once the massive re…
Oil Field
Ecuador Clears Repsol to Sell Oil Blocks to New Stratus
Ecuador's government authorized Spain's Repsol to sell its 35pc operating stakes in two heavy oil blocks to Canadian independent New Stratus Energy.
Oil Refinery
CITIC Construction Wins bid Worth 5.7 bln USD in Iraq
CITIC Construction Co., Ltd., a subsidiary of CITIC Group, has recently won the bid for the first and second phase of the AI Khairat Heavy Oil Power Plant Proje…
Oil & Gas Trade
Under U.S. Sanctions, Iran and Venezuela Strike Oil Export Deal
Venezuela has agreed to a key contract to swap its heavy oil for Iranian condensate that it can use to improve the quality of its tar-like crude, with the first…
Oil Field
China's First Large-Scale Heavy Oil Thermal Recovery Development Platform Started Operation
This move fills the technical gap of large-scale thermal recovery of heavy oil in China's offshore fields.
Oil Price
Canadian Oil Prices Rise On Pipeline Shutdown
The Canadian heavy oil benchmark rose on Wednesday after a pipeline carrying diluent necessary for oil sands production was shut down following a leak over the …
Oil & Gas Trade
Kuwait Heavy Oil Output to Hit 75,000 b/d by September
State-owned KPC's upstream arm KOC has been ramping up production from the South Ratqa heavy oil field and expects to reach its phase one plateau target of 60,0…
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