Archive for the ‘IOR EOR’ Category
PDO lets contract for solar IPP project
October 30th, 2018 by Latest News
Petroleum Development Oman is expanding its involvement in solar energy. The state-owned company let a contract to a consortium led by Marubeni Corp. for a 100-Mw independent power producer project that will supply its power needs.
Denbury Resources reported it would acquire and merge with Penn Virginia in a $1.7-billion deal that Denbury says would offer the combine short-cycle investment optionality and future enhanced oil recovery potential in the oil window of the Eagle Ford …
The US Department of Energy’s Fossil Energy Office reported on Oct. 10 that it intends to fund cost-shared research and development projects that reduce risks associated with enhanced oil recovery and expand the application of EOR methods. The solicita…
IPC agrees to acquire BlackPearl Resources
October 10th, 2018 by Latest News
International Petroleum Corp., Vancouver, BC, has agreed to acquire BlackPearl Resources Inc., Calgary, in an all-stock deal that would create a company with an enterprise value of $1.36 billion (US), proved plus probable reserves of 291 million boe, a…
Husky proposes MEG Energy share buyout
October 1st, 2018 by Latest News
Husky Energy Inc. has proposed an unsolicited offer to acquire all shares of MEG Energy Corp. in a deal worth an estimated $3.3 billion (Can.). Both companies are based in Calgary. MEG Energy, which produces bitumen via steam-assisted gravity drainage …
Greenvale Energy Ltd., Sydney, has appointed consulting firm SRK Consulting (Australasia) Pty. Ltd. to progress development of the Alpha oil shale project in central Queensland inland from Rockhampton using a radio frequency (RF) microwave extraction t…
CNRL completes Laricina Energy acquisition
September 17th, 2018 by Latest News
Canadian Natural Resources Ltd. has completed its offer to acquire Laricina Energy Ltd., reporting acceptance by holders of 98.7% Laricina’s issued and outstanding shares. Both companies are based in Calgary. The buyer expected to pay $46.35 million (C…
Study: Oil sands GHG intensities falling
September 14th, 2018 by Latest News
The upstream greenhouse-gas emissions intensity of bitumen from the Canadian oil sands has fallen on average since 2009 and will continue doing so through 2030, says a study by IHS Markit. During 2009-17, the study says, emissions from upstream operati…
Lukoil adds steam capacity at Yarega field
September 11th, 2018 by Latest News
Lukoil has commissioned a steam-generation complex at Yarega heavy-oil field in the Republic of Komi in Russia, where first-half production was up 77% over the comparable period of 2017. The company said output in the first 6 months totaled 761,000 ton…
Pengrowth: Lindbergh flow tops 18,000 b/d
September 11th, 2018 by Latest News
Bitumen production at Pengrowth Energy Corp.’s Lindbergh thermal oil project in the Lloydminster fairway of Alberta’s Cold Lake area has exceeded 18,000 b/d of bitumen, the company reported. Although three of eight infill wells drilled this year are on…