Breakthrough Technology in Utah to Make Oil Sands Clean

Breakthrough Technology in Utah to Make Oil Sands Clean

Posted by Trish Selimbegovic November 21, 2014


Canada has pioneered oil sands development, but a new technology could open up oil sands processing in the United States, Bloomberg reports, according to Youroilandgasnews. Toronto-based MCW Energy Group will begin producing cleaner, cheaper oil from oil sands next year at a newly built processing plant in northeastern Utah – home to some 32 billion barrels of heavy crude, which represents more than half of America’s known oil sands reserves. MCW Energy cut the ribbon last month on a new… More

Congress provides essential experience for today’s heavy oil professional

Congress provides essential experience for today’s heavy oil professional

Posted by Andrea Marston November 20, 2014


On March 24 – 26, 2015, Edmonton – the supply and service hub for Alberta’s oil industry – will play host to the largest global gathering of heavy oil professionals. Here’s a glimpse of what you can look forward to at the 7th edition of World Heavy Oil Congress: Gain a balanced perspective of the sector through a morning-to-evening program of learning and networking – all in one place, in the course of a few days – in the company… More

Keystone bill fails in Senate

Keystone bill fails in Senate

Posted by Trish Selimbegovic November 19, 2014


A bill to speed up approval of the Keystone XL pipeline failed on Tuesday after falling short of 60 supporting votes in the Democratic-controlled US Senate. The result is a setback for Louisiana Senator Mary Landrieu of the Democratic party, who had made a last-ditch effort to rally support for the pipeline in the oil state of Louisiana as she faces a tough runoff election on 6 December. CNN reported that the measure fell just short of the 60 votes… More

Via - Upstream

Pieter Schelte leaves Daewoo

Pieter Schelte leaves Daewoo

Posted by Aaron Kerr November 18, 2014


The world’s largest vessel has left the shipyard in South Korea and is now en route to Singapore. Edward Heerema, president of Switzerland-based marine contractor Allseas, told Upstream that the platform installation and removal behemoth Pieter Schelte set sail Monday from Daewoo Shipbuilding & Heavy Industries’ yard in Okpo. Its maiden journey will ultimately take the twin-hull vessel, estimated to cost €2.4 billion ($3.1 billion), to the Netherlands, where final commissioning will take place. This will include installation of 16… More

Via - Upstream

Halliburton buys Baker Hughes

Halliburton buys Baker Hughes

Posted by Aaron Kerr November 17, 2014


US services giant Halliburton has agreed to acquire its rival Baker Hughes in a stock and cash deal valued at $34.6 billion. Halliburton is to offer Baker Hughes stockholders 1.2 Halliburton shares for each of their stock plus $19 cash. The offer values Baker Hughes equity at $78.62 per share, or an equity value of $34.6 billion and an enterprise value of $38 billion based on Halliburton’s share price on 12 November, the day before the merger talks became public…. More

Via - Upstream

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