PANAMA CITY, PANAMA / HOUSTON, TEXAS (Editors at Energy Analytics Institute, 10.Jun.2025, Words: 900) — Heavy oil is similar to conventional reserves in many respects, and is superior in at least 1 respect: exploration risk is virtually nonexistent. The hydrocarbon industry knows where the reserves are located, the problem is … Continue reading Venezuela’s ‘Black Gold’: 4 ways to extract Faja crudes (VAPEX, CSS, THAI and SAGD)