Canadian oil sands producers such as Cenovus and MEG Energy impressed investors in the second quarter as prices of heavy crude
rose, but those gains are expected to be short-lived.
Iran's heavy crude
price in the week under study was up 76 cents, being sold at $44.
40 price in mid-December was for Iran's heavy crude
Indian Oil Corporation is planning to purchase West Asian heavy crude
for refining in the near future.
Part of the heavy crude
from this project goes to Respol's Spanish refineries.
Gulf Coast is the largest refining market for crude--and particularly heavy crude
of the type produced by Canada, Mexico and Venezuela--in the world.
The project includes plans to produce 60,000 barrels per day of heavy crude
by 2018 and to build the infrastructure facilities for further phases.
16 September 2014 - US master limited partnership PBF Logistics LP (NYSE:PBFX) has agreed to buy the Delaware City heavy crude
unloading rack (the West Rack) from a subsidiary of US refiner PBF Energy Inc (NYSE:PBF) for USD150m (EUR116m), the parties said.
Having gained experience in extra-heavy oil E&P, PDVSA is helping the state-owned Oil India Ltd (OIL) in exploiting heavy crude
oil in Baghewala oilfield in Rajasthan.
INNOVATIVE research aimed at making heavy crude
oil refining processes greener and more productive is being carried out by a new tenant at Wilton Centre on Teesside.
Petrosonic announced yesterday the completion of the emulsification processing plant in Albania and start of the heavy crude
Two residents in Mayflower, AR, have filed a class-action lawsuit against ExxonMobil after a pipeline rupture that allowed thousands of barrels of heavy crude
oil to flow into a residential area on March 29.