Heavy Oil News in Canada

First Helium Announces Shallow Heavy Oil Discovery
3/20/2025 - First Helium Inc. (“First Helium” or the “Company”) announced two discoveries at its Worsley Project:

Shallow Heavy Oil Discovery
In the recently completed 7-30 well, approximately 5...
Prospera Energy Exceeds 2023 Year-End Target with 2,200 Boepd
1/5/2024 - 2023 was a highly successful year for the restructured Prospera Energy Inc. PEI drilled, completed and tied-in nine horizontal wells in heavy oil reservoir with initial production rates exceeding expe...
Lycos Energy Announces Completion of Strategic Alberta Heavy Oil Acquisition
3/1/2023 - Lycos Energy Inc. is pleased to announce the addition of 1,500 boe/d (100% oil) production and 1,808 Mboe of producing reserves(1) in the Lloydminster area (the "Assets"). Lycos' total current product...
Acceleware Ltd. Announces Additional Funding for Marwayne RF XL Pilot
12/20/2022 - Acceleware® Ltd., a leading developer of technologies targeting low-cost and clean extraction of heavy oil and bitumen, announces that Alberta Innovates has provided a further $900,000 in non-dilutive...
Prospera Energy Announces Medium-Light Oil Flowing at 400 barrels per day
12/7/2022 - Prospera is pleased to announce medium-light oil flowing at 400 barrels per day production test results from the recent strategic medium-light oil property acquisition. The Corporation has closed this...
Gear Energy Provides Clarification on Application to Transfer Creation Non Core Heavy Oil Assets
6/5/2022 - Gear Energy Ltd. recently applied to the Alberta Energy Regulator ("AER") for permission to transfer some non-core Alberta heavy oil assets. Gear is sending this press release to provide additional cl...
Crew Energy Announces Successful Transition to Pure-Play Montney Producer
10/28/2021 - Crew Energy Inc., a growth-oriented natural gas weighted producer operating exclusively in the world-class Montney play in northeast British Columbia, is pleased to confirm the Q3 sale of our Lloydmin...
Cenovus Announced as Consortium Member for Acceleware’s Marwayne RF XL Pilot
7/9/2021 - Acceleware Ltd., a leading developer of electrification technologies targeting low-cost, low-carbon and clean extraction of heavy oil and bitumen, is pleased to announce that Cenovus Energy Inc. (“Cen...
Acceleware Announces Regulatory Approval of Marwayne Pilot Project
10/16/2020 - Acceleware® Ltd., a leading developer of technologies targeting low-cost and clean extraction of heavy oil and bitumen, including enabling the development of low-carbon bitumen beyond combustion initi...
Forent Energy Sales Mervin Heavy Oil Property
1/17/2013 - Forent Energy Ltd. (Forent) or the Company) is pleased to provide the following corporate update. Forent has signed an agreement to sell its Mervin heavy oil property to a major heavy oil operator for...
CEC North Star Continued Advancements Heavy Oil Projects
12/28/2012 - CEC North Star Energy Ltd or CEC North Star (the Corporation), A Calgary based private Heavy Oil Company, with major resources in the Peace River area of northern Alberta has updated the findings of i...

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