A paradigm shift in the industry is underway towards process intensification where coke is removed from the heavy oil close to the production site.
Ivanhoe will deploy HTL on its own heavy oil resources and has been developing several onshore and offshore projects in which third party heavy crude oil will be partially upgraded for a service fee.
The future for heavy oil has come and now is the time for the Middle East to grasp this opportunity, said Bahrain Oil and Gas Affairs Minister and National Oil and Gas Authority chairman Dr Abdulhussain Mirza.
The Middle East is estimated to have in place 1,000 billion barrels of heavy oil which is equivalent to 28 per cent of the estimated world total reserves,' said Dr Mirza in his keynote address at the opening session of the Heavy Oil World Mena 2010 conference at the Gulf Hotel yesterday.
SONIC" or "the Company": TSX-V:SNV) reported that its heavy oil
development program with joint venture partner PetroSonic Energy Systems Inc.
OTCBB:AMEP) announced today that a new two year extension of its exclusive marketing agreement for the heavy oil
additive AMEP HOA-800 has been signed with Nature's Path of Brooklyn, New York.
Lanisco's heavy oil
upgrading technology converts heavy oils
into lighter oils, which sell at a premium over heavy oils
to construct a heavy oil
upgrading facility in Wyoming.
HTI), a wholly owned subsidiary, has obtained the exclusive worldwide license to develop, market and sublicense an innovative catalytic heavy oil
upgrading technology known as (HC)3(TM).
Steve Lane, Vice President of Solv-Ex Corporation, who is in charge of project management, advises that all equipment required for primary extraction of heavy oil
(bitumen) is in place and work is proceeding on schedule to complete final electrical, piping and instrument installations.
That was the message from Oil and Gas Affairs Minister and National Oil and Gas Authority chairman Dr Abdulhussain Mirza in his keynote address at the opening session of the Heavy Oil
World MENA 2010 conference at the Gulf Hotel yesterday.
is on the forefront in the development and commercialization of coal and heavy oil
conversion, catalysis and catalytic processes that produce alternate fuels and chemicals while improving energy efficiency and reducing environmental risks.