Researchers and start-ups rise to tackle challenging heavy oil production

In 2012, PetroChina announced its intention to buy out Athabasca Oil’s share of a 250,000 barrel per day (bpd) oil sands development project in Alberta, Canada. After two years, the $1.2 billion deal is finally coming to a close, which would make PetroChina the first Chinese national oil company ...

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