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Petrovera Resources blends Gulf, PanCanadian 'conventional' heavy oil assets; 34,000 boe/d production gives company heft.(Gulf Canada Resources Ltd; PanCanadian Petroleum Ltd.)(Company Profile)
June 21, 1999... That heavy oil partnership announced by PanCanadian Petroleum Ltd. and Gulf Canada Resources a couple of months ago is now a formal entity called Petrovera Resources, and it will be headquarted in Calgary, AB, the home base of both its parents. The partnership was hinted at in March (IRW,...

Technology partial the cause of recent industrys slump, says new report, but next turnaround due soon.(report in 'Tomorrow's Oil')(Industry Overview)
June 21, 1999... While recent oil supply forecasts pin much of the job of adding new reserves in the next two decades on new technology, oil company R&D budgets continue to fall and service industry players are reporting earnings collapses, which doesn't bode well for new technology development. Also,...

Shell Canada nears decision on Muskeg River oil sands mine; will choose new mining partner soon.(oil sands mine near McMurray, Alberta)
June 21, 1999... It still will have to ask its parent for permission, but it appears Shell Canada Ltd. is on track to kick off its Muskeg River oil sands mine in Alberta's Athabasca region, as well as a new upgrader to be sited near Edmonton. Shell has filled practically every requirement for going ahead...

Supreme Court backs producers in coalgas ownership suit; accelerated drilling expected in most western coal basins.
June 14, 1999... A lingering pall of uncertainty over coalbed methane ownership last week was erased once and for all, and producers and mineral owners on federal lands in U.S. western states are extremely relieved. The U.S. Supreme Court, in a 7-1 decision, sided with Houston-based Amoco Production Co....

Egyptian heavy oil field production keeps climbing as Canadian operator re-competes, drills new wells.(Scimitar Hydrocarbons Corp.'s petroleum production activities at the Issaran oil field, Egypt)
June 14, 1999... Production at the Issaran heavy oil field in Egypt continues to increase as the Canadian company that has 100% working interest in the field recompetes wells after remedial work. Calgary, AB-based Scimitar Hydrocarbons Corp., which began production from the long-ignored field near the...

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