GEOCAN's existing heavy oil oriented asset base will be offset with comparable levels of medium and light oil
and gas reserves and production, moving GEOCAN into the mainstream of high quality junior oil and gas companies
President and CEO Sveinung Svarte said Athabasca had received a number of bids from parties having interest in its 140,000-hectare Alberta Duvernay light oil
collaboration by the end of November, when it had expected the process to be completed.
35/bbl, and has since increased to $16/bbl due to widening spreads between heavy and light oil
This is a major frontier light oil
discovery for Norway, Tullow Oil and our coventurers.
625 sections of 100% working interest lands in the emerging Viking light oil
play in the Halkirk and Battle areas of central Alberta.
The Genoil upgrader will improve light oil
output for refiners and heavy oil producers, increase refiner's profit margins while contributing to meeting worldwide government mandates for ultra low sulfur fuels that are needed to protect the environment.
confirmed today the discovery of light oil
at the Kangaroo-1 exploration well drilling on block S-M-1101, in the Santos basin, offshore Brazil.
Genoil believes that by upgrading the 13 million bbls/d of refinery residuals into lighter distillates, the dependency of the world on Middle Eastern light oil
can be significantly decreased.
The purchased assets support and strengthen Pengrowth Energy s position in Alberta Lochend Cardium light oil
resource play, which takes its Lochend Cardium land holdings to 44 net sections.
announced acquisition of additional Lochend Cardium assets having production capability of around 650 boe/d, weighted 95 percent to light oil
Three new drills in the Lake Canyon prospect, west of Brundage Canyon, will focus on testing the deep Mesaverde gas zone, and shallow light oil
in the Green River formation.
Azerbaijan produced 29 million tons of Azeri Light oil
in 2017 as compared to 31.