As defined by the U.S. Geological Survey (USGS), heavy oil is a type of crude oil characterized by an asphaltic, dense, viscous nature (similar to molasses), and its asphaltene (very large molecules ...

While there's ample oil in the ground, the world economy struggles to maintain prices that make extraction economically viable, especially for heavy oil, crucial for diesel and jet fuel. Economic ...

Brazil is set to achieve energy self-sufficiency this year, thanks in large part to its production of heavy oil. Most of its crude oil production is offshore in the Campos, Espírito Santo, and Santos ...

As illustrated by the graphic below, at least two members of the Canadian heavy oil cohort have had a good first half of 2024. I refer to Canadian Natural Resources (CNQ), and the subject of this ...

Heavy crude oil traditionally trades at a significant discount to lighter and sweeter grades, but the price of heavy crude is climbing. The main factor driving the uptick in heavy crude prices is a ...

Venezuela was until recently the only source of a unique fuel option that bypassed the traditional yet capital intensive two-step conversion of bitumen-extra heavy crudes(B-EHC) to synthetic crude oil ...

To increase oil recovery from existing fields, operators in both Egypt and Syria have started producing heavy oil with thermal enhanced oil recovery processes. In Egypt’s Issaran oil field, ...

With the world’s reserves of light oil diminishing, oil companies are increasingly turning to heavier varieties – which make up 70% of global oil reserves – to meet rising energy demands. Existing ...

Hydrocracking and catalyst development occupy a pivotal role in the upgrading of heavy oil, offering a pathway to convert low-value, high-impurity feedstocks into higher quality fuels and ...

The hottest oil play is certainly the Clearwater heavy oil play in central-northern Alberta. Clearwater was briefly mentioned in a recent article on Headwater Exploration Inc. (HWX.TSX) (OTCPK:CDDRF); ...