light oil articles & resources on Made-in-China.com

East Timor's Kitan Condensate No Longer Available as Field Reaches End of Life

Dec 15, 2015

East Timor's Kitan condensate will no longer be available in the spot market as the ultra-light oil field reached the end of its normal life, market sources said Monday. "After January, there will be no more [Kitan cargoes]," a trade ...

Tags: ultra-light oil field, condensate, crude

US Posted a Second Consecutive Year of Record Oil Production Growth

Jun 23, 2014

The US posted a second consecutive year of record oil production growth in 2013 with its surging shale industry balancing out supply disruptions to underpin an unprecedented period of stable global oil prices, BP said Monday. US output ...

Tags: oil production, oil supply

Canada's Total Crude Oil Output Is Expected to Reach 3.9 Million B/D in 2015

Apr 16, 2014

Canada's total crude oil output is expected to reach 3.9 million b/d in 2015, some 500,000 b/d more than the current output, driven primarily by small in-situ oil sands developments, each typically 35,000-40,000 b/d, an industry official ...

Tags: Oil Output, oil sands

US Crude Production Will Average 8.39 Million B/D in 2014

Mar 13, 2014

With US refineries expanding their capacity to process more domestic light oil in the coming years, the US Energy Information Administration on Tuesday said it expects refinery crude inputs to reach 15.52 million b/d this year and 15.61 ...

Tags: US Refinery, Domestic Production, light oil

Penn West Will Invest C$900 Million in 2014 on Its Assets in Western Canada

Mar 11, 2014

Canada's leading light oil producer Penn West will invest C$900 million ($815 million) in 2014 on its assets in Western Canada, targeting an annual average output of 101,000-106,000 b/d of oil equivalent, CEO Dave Roberts said Friday. ...

Tags: Light Oil Producer, Mineral

TAG Oil Ltd Provide The Following Exploration Drilling Update in Shallow & Deeper Target

Jan 13, 2014

TAG Oil Ltd. (the "Company" or "TAG") (TSX: TAO) and (OTCQX: TAOIF) is pleased to provide the following exploration and development drilling update in both the shallow and deeper targets within the Taranaki Basin. As TAG enters calendar ...

Tags: TAG, Taranaki Basin, operational update, exploration targets

Whitecap Has Completed The Previously Announced Acquisition of a Private Company

Jan 9, 2014

Whitecap Resources Inc. ("Whitecap") (TSX: WCP) is pleased to announce that Whitecap has completed the previously announced acquisition of a private company ("PrivateCo") pursuant to a plan of arrangement (the "Arrangement") under the ...

Tags: Whitecap, acquisition, PrivateCo, Business Corporations Act

Artisan Has Signed a Purchase and Sale Agreement with Magnum Energy Inc.

Jan 2, 2014

Artisan has signed a purchase and sale agreement (subject to certain closing conditions) with Magnum Energy Inc. ("Magnum") (TSX VENTURE:MEN), to acquire Magnum's 50% working interest in 2,720 gross acres (1,360 net acres) of land in the ...

Tags: Artisan, purchase and sale agreement, Magnum Energy, Provost Asset

Madalena Is Pleased to Announce The Results of a Multi-Rate Production Test

Dec 31, 2013

Madalena Energy Inc. (TSX-V: MVN) (the "Company" or "Madalena") is pleased to announce the results of a multi-rate production test for the CAN.xr-2(h) horizontal well which is the Company's first horizontal well to be drilled on its ...

Tags: gas resource, energy

Canacol Energy Ltd. Is Pleased to Announce The Second Flow Test Result

Dec 30, 2013

Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE)(BVC:CNEC) is pleased to announce the second flow test result from the Leono 1 exploration well located on the LLA23 Exploration and Production ("E&P") Contract in the Llanos ...

Tags: Canacol Energy, flow test result, Leono 1 exploration well

Athabasca Has Closed Its Previously Announced Sale of a 50% Interest

Dec 27, 2013

Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") has closed its previously announced sale of a 50% interest in the Kaybob area light oil infrastructure to a third-party for cash consideration of $145 million. Athabasca ...

Tags: oil, energy

Pacific Rubiales Announced Today The Successful Results of The First Production Tests

Dec 27, 2013

Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announced today the successful results of the first production tests in the CPE-6-1X exploration well and the CPE-6-H2 appraisal well, two new wells drilled during ...

Tags: exploration, oil

PREB Announced Today That It Has Reached an Agreement to Sell Its 5% Interest

Dec 27, 2013

Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announced today that it has reached an agreement to sell its 5% interest and transportation rights in the Oleoducto Central S.A. ("OCENSA") oil pipeline in Colombia for a ...

Tags: pipeline

The U.S.A. Provides The Following Update on Activities Underway in Morocco

Dec 24, 2013

Gulfsands Petroleum plc ("Gulfsands", the "Group" or the "Company" - AIM: GPX), the oil and gas production, exploration and development company with activities in Syria, Morocco, Tunisia, Colombia and the U.S.A. provides the following ...

Tags: gas, oil, energy, drilling

Petrobras Announces That The First Extension Well 3-BRSA-1194-SES

Dec 23, 2013

Petrobras announces that the first extension well 3-BRSA-1194-SES (3-SES-178) drilled in the Moita Bonita area, on concession BM-SEAL-10, has confirmed the extension of the gas and light oil discovery, as released to the market on August ...

Tags: oil, energy

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