Heavy Oil

Heavy Oil , Midstream

Canada's Heavy Oil Exports To Asia From US Surge

Shipments of Canadian crude from the U.S. Gulf Coast since May have more than doubled all of 2018's exports as Asian refiners scramble for heavy sour oil, according to vessel-tracking data, traders and industry sources.

September 27, 2019

Public Capital , Heavy Oil , Acquisitions & Divestitures

Chevron’s $2 Billion North Sea Sale To Delek Now Official

While the deal is set to establish Delek’s Ithaca subsidiary as the second largest independent oil and gas producer in the U.K. North Sea, it also marks the second major to pull out of the region.

May 30, 2019

Public Capital , Heavy Oil , Shale Plays , Acquisitions & Divestitures

Devon Energy Kicks Off Transformation With $2.8 Billion Canada Exit

Devon Energy agreed to sell its Canadian business to Canadian Natural Resources, knocking out a target in the Oklahoma City-based independent energy company’s planned transformation.

May 29, 2019

Heavy Oil , Legislation , Emissions , Pipelines

Canada Could Exempt Some Oil Sands Projects From Federal Energy Bill

Canada will exempt some oil sands projects from federal environmental assessments as long as Alberta maintains a cap on oil sands emissions, draft regulations from the federal government said on May 1.

May 1, 2019

Heavy Oil , Field Development , Crude Oil

Equinor Pushes Forward With Mariner As Global Heavy Oil Production Falls

Equinor and partners are investing more than $7 billion in the development east of the Shetland Islands in the U.K. North Sea.

March 25, 2019

Heavy Oil , Crude Oil

US Buyers Of Venezuelan Oil Sub In Shell, BP Offshore Crude

U.S. sanctions on Venezuela's oil industry have made winners out of Royal Dutch Shell Plc and BP Plc, Gulf of Mexico offshore heavyweights, as refiners in need of substitutes are scooping up oil produced in the region.

March 25, 2019

Heavy Oil , Infrastructure , Rail , Pipelines

Canada's Alberta Increases Crude Output Limit For May And June

The government said the increase in production limits comes as warmer weather reduces the amount of diluent needed to help oil sands bitumen flow through pipelines, increasing capacity.

March 19, 2019

Public Capital , Heavy Oil

EnQuest Shares Slump After Partner Downgrades Kraken Oil Field Reserves

British oil firm EnQuest's shares slumped to a three-year low after Cairn Energy, its partner in its flagship Kraken project, cut its estimate of the oil field's reserves by around a fifth.

March 12, 2019

Heavy Oil , Crude Oil

Venezuela’s Blackout Halts Oil Exports From Primary Port

Few reasons given for how the blackout occurred and how long it will last.

March 11, 2019

Public Capital , Earnings , Heavy Oil

Canadian Oil Sands Producer MEG Energy Posts Bigger-Than-Expected Quarterly Loss

MEG Energy, whose key operations are in Canada's Athabasca oil sands region, said bitumen production fell in the fourth quarter from a year earlier.

March 8, 2019