Heavy Oil

Crude Oil Carrier Hijacked By Somali Pirates

The possibility of a rapprochement in nuclear talks between the US and Iran – though they did not produce a deal – had fueled a degree of oil market optimism about Iran’s reinstatement as a global oil supplier. But even if negotiations had proved successful, political and logistical hurdles would likely have stalled any significant return… Keep reading →

Chicago Hit With Protests Leading Up To NATO Summit

A recent report by consultancy IHS Cera takes aim at common arguments against development of Canadian oil sands, but acknowledges the need for continued – and improved – environmental monitoring and regulation. Groups opposed to construction of the Keystone XL pipeline frequently feature the following claims on their websites: that the pipeline will not enhance… Keep reading →

Activists Against The Keystone Pipeline Project Demonstrate At The State Department

The ongoing controversy over the proposed Keystone XL Pipeline linking Alberta’s oil sands to US markets covers a vast amount of factual territory, from refinery configuration to logistics to international crude oil trading to carbon dioxide emissions. But at times, all of these issues take a back seat to the emotional, or symbolic, component of… Keep reading →

Oil Prices Rise As BP Shuts Pipeline

A National Research Council report, which was mandatory under a 2011 pipeline safety law, found that Canadian heavy oil is no more likely to spur pipeline leaks than other crude oils are, which could bode well for the future of the Keystone XL pipeline. Of course, there is still the issue of the cold, dead… Keep reading →

GlassPoint Oman

A GlassPoint project in Oman that uses solar energy to get more oil out of the ground has come online on schedule and on budget, brightening the outlook for the technology’s broader use in the Middle East. Oman’s state-controlled oil company, Petroleum Development Oman (PDO), awarded GlassPoint a contract to build a seven megawatt (MW)… Keep reading →