In comparison with heavy oil, light or "conventional" oil flows ... in their natural state through a well or by ordinary production methods. Most require heat or dilution to flow into a well ...

After spending considerable time investing in Canadian and Venezuelan heavy oil ventures, China is looking to its own oil fields as a next source of production. To date, heavy oil has been ...

Crude oil exports by Mexican state energy company Pemex (PEMX.UL) grew 33% in February compared to January, recovering from a ...

In Canada's arsenal of possible responses to a Trump tariff, the nuclear option is the threat to withhold, reduce or place ...

Oil and gas projects are being revived with the cooperation of Special Investment Facilitation Council (SIFC). In this regard ...

The discovery was made in the recently completed 7-30 well, which produced approximately 50 barrels of 15-degree API oil over ...

European oil refineries will have to adapt to the energy transition or face a heightened risk of closure by 2035, a panel of ...

Primary Heavy Oil Production: Averaged approximately 79,100 barrels per day, a 2% increase over 2023. Primary Heavy Oil Operating Costs: Averaged $18.11 per barrel, down 9% from 2023. North ...

In the recently completed 7-30 well, approximately 50 barrels of 15-degree API oil was recovered in the two calendar days following an acid stimulation, demonstrating vertical well, cold flow heavy ...

Decreased by 13.9% since December 31, 2023, totaling 254 Bcfe at December 31, 2024, with a before tax value discounted at 10% of US$1.1 billion, representing both CAD$47.18 per share of reserve value, ...