Western media coverage of violence in the Niger Delta has diverted attention away from Nigeria’s impressive economic progress. Paul Michael Wihbey, President of Washington-based energy consulting firm GWEST, draws on his in-depth working knowledge of West Africa to report on Nigeria’s energy-driven upswing as well as its heavy oil industry’s promising Alberta connection. (more…)
When analysts try to estimate the world’s remaining oil reserves, one of the largest variables is heavy oil. The question is not how much is in the ground, but how much of it can be recovered. For Canada’s heavy oil operators – those who could make Canada the world’s fifth-largest producer by 2015 – the answer depends on the efficiency of their recovery plans. If heavy oil is in your portfolio, here are some points to consider. (more…)
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