Latest News

Citgo exec: Refiners may need to invest in handling shale oil. (2012-02-06)
After years of focusing on processing cheap, heavy, sour crude from Mexico, Saudi Arabia, a...

Differentials for Canadian sweet and Bakken crudes reach record lows. (2012-02-06)
As supply continues to grow but demand from refiners remains muted, Canadian sweet and Bakk...

Iran oil embargo could threaten Italian refiners. (2012-02-06)
The oil embargo placed on Iran by the EU could lead to the closure of Italian refineries th...

Shipments of Canadian crude to China may face significant hurdles. (2012-02-06)
Following the rejection of the proposed Keystone XL pipeline that would have transported Ca...

South Africa to import bitumen. (2012-02-06)
Reduced throughput at the country's refineries due to unscheduled maintenance shutdowns hav...

Syncrude to perform turnaround on coker. (2012-02-06)
The Canadian firm announced plans to launch a 30-day turnaround at the beginning of this mo...

President Obama backs shale gas boom with safe practices. (2012-01-30)
US President Barack Obama announced in his State of the Union address that he supports the ...

BMI: Hovensa could not compete with complex refineries. (2012-01-30)
Following Hovensa's announcement in the week to Jan. 21 that it will permanently shut down ...

North American oil production to surge 36% in next five years. (2012-01-30)
Rising oil output from unconventional sources, such as shale in the US and tarsands in Cana...

IHS CERA likens Canadian oilsands regulations to those in Alaska, Australia. (2012-01-30)
The environmental regulatory structure in Canada for oilsands ventures shares key similarit...

SNC-Lavalin wins contract for froth-treatment plant. (2012-01-30)
The company has received a major contract for engineering, procurement, and construction (E...

Serbia to find partner to help exploit oil shale deposits. (2012-01-23)
The Serbian government expects to complete the development of a geological survey by the en...

ConocoPhillips to divest large chunk of its Canadian oilsands assets. (2012-01-23)
The US oil major is seeking a partner that will purchase 50% of a large portion of its oils...

EIA predicts oil demand growth through 2013. (2012-01-16)
According to its most recent Short-Term Energy Outlook, the EIA forecast that global oil co...

Booming oilsands supply flips syncrude premium over WTI. (2012-01-16)
In the week to Jan. 6, Canadian syncrude prices fell from a premium over benchmark oil pric...

McKenna: Irving Oil could process Albertan oilsands. (2012-01-16)
In a recent Financial Post op-ed article, the former New Brunswick premier Frank McKenna hi...

Hearings over Enbridge's Northern Gateway pipeline to delay project. (2012-01-16)
Hearings between those in support of the oilsands pipeline project and aboriginal Canadians...

PDVSA ready to commercialize its resid processing technology. (2012-01-16)
Venezuela’s state owned refiner announced that it has awarded a engineering-procurement-con...

Enbridge's Northern Gateway pipeline receives financial support. (2012-01-09)
Five of Canada's largest oilsands producers have come forward with about half of the C$200M...

ExxonMobil may sell part of stake in TonenGeneral. (2012-01-09)
The company is considering selling over 30% of its 50.02% stake in TonenGeneral, its Japane...