Heavy Oil
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.
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.
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.
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.
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.
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.
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.
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.
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.
Public Capital , Earnings , Heavy Oil , Acquisitions & Divestitures
Crescent Point Energy Quarterly Output Misses Estimates On Asset Sales
Crescent Point Energy's strategy to sell assets to reduce debt and use a part of the money to finance its expansion in oil and gas production is yet to pay off.