The Trump administration says Venezuela will provide 30-50 million barrels. What it means for Chevron and U.S. refiners.

Most of the reserves in the country are extra-heavy oil that’s tough to extract and generates more greenhouse gases.

When the announcement from the Royal Bhutan Police (RBP) rewarding Nu 100,000 for information leading to the theft of 108 barrels of bitumen was made in the media last November, many wondered why the ...

ConocoPhillips' joint venture partner in the FCCL Partnership, Cenovus Energy, recently announced first production from the Phase F of the Foster Creek project. The company expects production from the ...

Bitumen reserves in the country have grown to about 42 billion barrels out of which 43 industrial chemicals, including heavy crude petroleum, can be obtained, the Minister of Science and Technology, ...

CALGARY, Alberta (Reuters) – Pilot projects in an as-yet undeveloped oilfield could remake Canada’s energy map, if producers can successfully wrest a sludgy, tarry substance called bitumen from porous ...

According to Analyst Matt Murphy of Tudor Pickering Holt & Co., while the headlines have focused on the falling value of the Western Canada Select (WCS) price, WCS is a blend of heavy, sticky bitumen ...

CALGARY, ALBERTA--(Marketwire - Oct 31, 2012) - Southern Pacific Resource Corp. (STP.TO) ("STP" or the "Company") is pleased to announce that sales of diluted bitumen ("dilbit") have commenced from ...

Teck produced 158.7 million lb copper, 485 million lb zinc, 5.9 million tonnes of steelmaking coal, and 1.8 million barrels of bitumen in Q1 2021. In all the four cases, production volumes declined ...

Where is the cheapest crude oil in the world? And how low can you get that barrel of oil? WTI has declined to $30 per barrel, the lowest level in more than 12 years. But heavy oil producers in Canada ...

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