Heavy crude oil

MicroSilicon Crowd Funding Launch Attracts Early Investors

Retrieved on: 
Thursday, July 28, 2022
Heavy crude oil, Chemical engineering, Industry, Research, NSF, VP, SBIR, SARA, Rice, Rice University, Cholesterol, Crowdfunding, Quantum, Mobile phone, Online shopping, Technology, Land use, land-use change, and forestry

HOUSTON, July 28, 2022 /PRNewswire-PRWeb/ -- MicroSilicon announced today that its Crowd Funding launch on StartEngine.Com has exceed initial expectations. MicroSilicon is a Houston-based start-up with a global footprint that has been launching a series of digital flow assurance products since 2018. Their Quantum RF Asphaltene Analyzer was nominated for Best Digital Transformation by World Oil in 2018 and the Quantum RF Vision software was nominated for a World Oil New Horizons award in 2021. The overall development of the project has received worldwide recognition including Best Research Awards from ADIPEC and iChemE in 2021. They hold sixteen patents.

Key Points: 
  • HOUSTON, July 28, 2022 /PRNewswire-PRWeb/ -- MicroSilicon announced today that its Crowd Funding launch on StartEngine.Com has exceed initial expectations.
  • MicroSilicon is a Houston-based start-up with a global footprint that has been launching a series of digital flow assurance products since 2018.
  • The overall development of the project has received worldwide recognition including Best Research Awards from ADIPEC and iChemE in 2021.
  • This led to the launch of the Quantum RF product line with subsequent field testing in Abu Dhabi, Kuwait, US Land, Canada and Offshore GOM.

SwRI Develops Economic, Novel Technique Supporting Pipeline Transport of Heavy Crude Oils

Retrieved on: 
Wednesday, July 14, 2021
Transportation, Manufacturing, Travel, Other Energy, Research, Oil, Gas, Alternative energy, Environment, Energy, Science, Chemicals, Plastics, Chemistry, Physical sciences, Petroleum, Unconventional oil, Petroleum products, Heavy crude oil, Bituminous sands, Diluent, Asphalt, Oil sands, Western Canadian Select

The new process reduces the viscosity of heavy crude oil by more than 60%, allowing it to flow more easily through existing pipeline networks.

Key Points: 
  • The new process reduces the viscosity of heavy crude oil by more than 60%, allowing it to flow more easily through existing pipeline networks.
  • The new process allows for transport of the treated heavy crude oil over great distances without heating the pipeline and without adding large amounts of chemical or diluent.
  • Of the more than 80 million barrels per day of crude oil produced globally, about 11 million barrels are classified as heavy crude oils.
  • SwRI is also investigating whether, with further research and optimization, EZ Flow could be used to upgrade, or chemically treat, heavy crude oil.

USD Partners to Attend 2021 EIC Investor Conference in Las Vegas

Retrieved on: 
Monday, May 17, 2021
Trucking, Rail, Other Energy, Logistics, Supply chain management, Oil, Gas, Transport, Energy, Unconventional oil, Petroleum, Heavy crude oil, Chemistry, Physical chemistry, Nature

The Partnership generates substantially all of its operating cash flows from multi-year, take-or-pay contracts with primarily investment grade customers, including major integrated oil companies, refiners and marketers.

Key Points: 
  • The Partnership generates substantially all of its operating cash flows from multi-year, take-or-pay contracts with primarily investment grade customers, including major integrated oil companies, refiners and marketers.
  • The Partnership\xe2\x80\x99s principal assets include a network of crude oil terminals that facilitate the transportation of heavy crude oil from Western Canada to key demand centers across North America.
  • USD solutions create flexible market access for customers in significant growth areas and key demand centers, including Western Canada, the U.S. Gulf Coast and Mexico.
  • Information on websites referenced in this release is not part of this release.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210517005908/en/\n'

PetroTal Announces Oil Sales and Risk Management Update

Retrieved on: 
Wednesday, March 31, 2021
Liquids, Petroleum, Chemistry, Unconventional oil, Barrel, Heavy crude oil, Chronology of world oil market events

Completion of Second Oil Export through Brazilian Terminal and Hedging Arrangements

Key Points: 
  • OIL AND GAS INFORMATION: This press release contains metrics commonly used in the oil and natural gas industry, such as netback.
  • "Netback" equals total petroleum sales less quality discount, lifting costs, transportation costs and royalty payments calculated on a bbl basis.
  • Management uses these oil and gas metrics for its own performance measurements and to provide shareholders with measures to compare PetroTal's operations over time.
  • OIL REFERENCES: All references to "oil" or "crude oil" production, revenue or sales in this press release mean "heavy crude oil" as defined in National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101").

Petroteq Achieves Higher Oil Quality

Retrieved on: 
Tuesday, October 29, 2019
Physical sciences, Petroleum, Chemistry, Petroleum industry, Petroleum geology, Oil sands, West Texas Intermediate, Asphalt, Heavy crude oil, Western Canadian Select

Crude oils having characteristics or specifications that are comparable with WTI crude oil are often in demand by refiners and yield a higher price than crude oils having lower quality characteristics.

Key Points: 
  • Crude oils having characteristics or specifications that are comparable with WTI crude oil are often in demand by refiners and yield a higher price than crude oils having lower quality characteristics.
  • Using oil sands ores mined or extracted from Utahs Asphalt Ridge area, the Company has the ability at its Asphalt Ridge facility to produce a crude oil that can range between a heavier oil and a medium oil in its specific gravity (i.e.
  • In addition, even though the heavy oil and bitumen contained in Asphalt Ridge oil sands deposits have a relatively low sulfur content, the oil produced at the Companys Asphalt Ridge facility has an even lower sulfur content when compared with WTI crude oil.
  • Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction.

Husky Oil Operations Limited fined $2.7 million for federal offences related to the pipeline release of oil into the North Saskatchewan River

Retrieved on: 
Wednesday, June 12, 2019
Petroleum, Unconventional oil, Husky Energy, S&P/TSX 60 Index, Heavy crude oil

On June12, 2019, Husky Oil Operations Limited pleaded guilty to one count of violating the Fisheries Act and one count of violating the Migratory Birds Convention Act, 1994.

Key Points: 
  • On June12, 2019, Husky Oil Operations Limited pleaded guilty to one count of violating the Fisheries Act and one count of violating the Migratory Birds Convention Act, 1994.
  • The charges are related to an incident that occurred between July20 and 21, 2016, when an estimated 225,000litres of blended heavy crude oil leaked from a Husky Oil Operations Limited pipeline.
  • Approximately 90,000litres of the oil entered the North Saskatchewan River near Maidstone, Saskatchewan.
  • The Environmental Offenders Registry contains information on convictions of corporations registered for offences committed under certain federal environmental laws.

Hither or Wither: Stratas Advisors Weighs Alberta's Options to Rail Crude to the U.S. or Cut Production

Retrieved on: 
Thursday, March 14, 2019
Petroleum, Unconventional oil, Heavy crude oil, Petroleum geology, Petroleum industry, Oil sands

Stratas is making its findings available ina new report covering the future "fullstream" fundamentals up and down the value chain for Alberta's heavy crude producing region.

Key Points: 
  • Stratas is making its findings available ina new report covering the future "fullstream" fundamentals up and down the value chain for Alberta's heavy crude producing region.
  • The report, "Hither or Wither: Will Canadian Producers Rail More to the U.S. or Cut Back?"
  • features production forecasts, takeaway constraints, crude price forecasts and crude by rail economic analyses for key refining markets, and near-term crude import needs for key refining regions of North America.
  • Our rail economics model shows significant arbitrage opportunity to back out higher-cost crudes imported via marine tanker to coastal refineries."