Exploration Heavy oils are frequently found at the margins of geologic basins, according to the USGS, and are assumed to be residue from formerly light oil that has lost its light molecular weight ...

As defined by the U.S. Geological Survey (USGS), heavy oil is a type of crude oil characterized by an asphaltic, dense, viscous nature (similar to molasses), and its asphaltene (very large molecules ...

While there's ample oil in the ground, the world economy struggles to maintain prices that make extraction economically viable, especially for heavy oil, crucial for diesel and jet fuel. Economic ...

Forbes contributors publish independent expert analyses and insights. I cover innovation within the green/blue industrial revolution. Heavy Fuel Oil has been in the news again over the past 8 days ...

Annotated map showing the Wabasca oil field in northern Alberta, Canada, circled in red, as an oil sands deposit. Heavy oil deposits appear in yellow; oil sands are in purple. Source: Canadian Center ...