Heavy fraction obtained from petroleum distillation that is burned to generate power.
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This is heavy oil in our wetlands, he told a news conference.
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The heavy oil likely would be grabbed by U.S. Gulf Coast refiners.
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It focuses on medium and heavy oil operations around the Alberta-Saskatchewan border.
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How are we going to get this heavy oil from Canada?' Girling said.
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B7 An MOU on the transfer of proprietary Eni heavy oil production technology.
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It widened price spreads on Canadian heavy oil, pinching the returns of producers.
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Devon's Canadian portfolio consists of heavy oil assets, mainly in Alberta.
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It also said wet weather had lowered heavy oil production in Western Canada.
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The heavy oil deal follows an auction that closed at the start of May.
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The current price for Canadian heavy oil is about $80 a barrel.
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Canadian heavy oil producers depend on U.S. refineries to buy much of their output.
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He also pointed to conventional heavy oil prospects in Alberta.
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If that happens the discount on heavy oil should shrink.
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Lukoil is part of the Junin-6 consortium developing heavy oil in the Orinoco basin.
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May 19 - The first heavy oil from the spill hits fragile Louisiana marshlands.
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Trevannion began to busy himself with a heavy oil lantern.
