Crude-by-rail shipments by oilsands producer Cenovus Energy Inc. jumped to 120,000 barrels per day in January from 106,000 in December but the company says it did it without buying any Alberta provincial rail contracts. On Tuesday, the United Conservative government…
Tag: Cenovus
Calgary-based Cenovus reports $113M fourth quarter profit, total production up
By Global News Posted February 12, 2020 8:31 am Smaller font Descrease article font size –A Larger font Increase article font size A+ Cenovus Energy Inc. reported a fourth-quarter profit of $113 million compared with a loss of nearly $1.36…
Well cleanup in the cards after Alberta energy company announces plans
Cleaning up and reclaiming thousands of abandoned oil wells has gained traction. Calgary-based Cenovus Energy set new sustainability targets on Thursday, while behind-the-scenes talks continue at the political level. Cenovus set targets to reclaim 1,500 abandoned wells by 2030. Related…
Calgary-based oilsands producer Cenovus aims for ‘net zero’ GHG emissions by 2050
By Staff The Canadian Press Posted January 9, 2020 11:42 am Smaller font Descrease article font size –A Larger font Increase article font size A+ Oilsands producer Cenovus Energy Inc. says it will aim to achieve “net zero” greenhouse gas…
Cenovus says capital spending to edge higher in 2020, production to rise
By The Canadian Press Posted December 10, 2019 7:53 am Smaller font Descrease article font size –A Larger font Increase article font size A+ Cenovus Energy Inc. plans to increase its capital spending in 2020 compared with this year. The…
Cenovus Energy raises dividend, plans modest growth
Oilsands producer Cenovus Energy Inc. is rewarding its shareholders with a 25 per cent increase in its dividend while tightening its spending plans and maintaining “modest” production growth expectations over the next five years. On a webcast from the company’s…
Oil price jump linked to Saudi Arabian attacks sparks energy stock rally
Higher oil prices spurred by an attack on Saudi Arabian oil facilities boosted the Canadian energy sector on Monday but are expected to result in higher fuel prices for consumers. Long-suffering Canadian oil and gas stocks were on track to…
Canadian energy giants take out full-page newspaper ads as federal election looms
Three of Canada’s biggest oilsands producers are going directly to voters today to ask them to “influence the outcome” of big decisions concerning the oil and gas sector as a fall federal election looms. In full-page ads in about 30…
Producers still cautious despite higher Q2 expectations on stronger oil prices
Higher oil prices are expected to boost cash flow for the large Canadian crude producers as they roll out second-quarter results beginning next week, but analysts say the extra money is unlikely to be added to growth budgets. Canadian oil…
Cenovus produces one billionth barrel from oilsands operations in northern Alberta
Cenovus Energy Inc. says its thermal oilsands operations in northern Alberta produced their one billionth barrel of bitumen on Wednesday. The milestone comes about 18 years after Cenovus’ Foster Creek facility was launched in 2001 as the first commercial oilsands…