Post Tagged with: "Cenovus"

Oil Sector’s ‘Existential Crisis’ Set Precedent: Cenovus CEO

Oil Sector’s ‘Existential Crisis’ Set Precedent: Cenovus CEO

From The Globe and Mail

Canadian oil producers faced an “existential crisis” that required emergency intervention last fall, and Alberta Premier Jason Kenney now has a precedent to order companies to ratchet back output again should heavy oil prices crash, …

May 29, 2019 - 7:37 am Canada, Closing Bell Story‎, Energy News
Source: Energybc.ca

Cenovus Cheers Alberta Oil Curtailments as Profits Return

From Reuters

Canada’s Cenovus Energy on Wednesday praised government-ordered oil production cuts that have dramatically improved Canadian crude oil prices, allowing the company to post a return to quarterly profits after a torrid 2018.

Canada’s main oil-producing province Alberta ordered …

April 24, 2019 - 3:32 pm Canada, Closing Bell Story‎, Crude Oil News, Energy News
Steam Generators at Cenovus’s Foster Creek

Canada’s Cenovus Bets on Rail to Move Crude, Fearing Full Pipelines

From Reuters

Cenovus Energy is pressing ahead with aggressive plans to transport more crude by rail, contrasting itself with peers who have hit the brakes, as the Canadian oil producer bets that pipeline bottlenecks are likely to return.

Pipeline congestion …

February 21, 2019 - 5:45 pm Canada, Closing Bell Story‎, Crude Oil News, Energy News
Steam Generators at Cenovus’s Foster Creek

Canada’s Cenovus Sticks to Shipping Oil by Rail Despite Price Swings

From Reuters

Canadian oil producer Cenovus Energy Inc is sticking to its plan to accelerate rail shipments starting in the second quarter, as crude transported by that form remains profitable despite price swings this year, its chief executive said.

Cenovus …

February 13, 2019 - 4:20 pm Canada, Closing Bell Story‎, Crude Oil News, Energy News
Notley Leaves Alberta Oil Industry Hanging on Output-Cut Idea

Notley Leaves Alberta Oil Industry Hanging on Output-Cut Idea

From Bloomberg

  • Premier makes no mention of curtailment in Toronto speech
  • CTV Interview Wednesday had raised expectation that she would

 

Alberta Premier Rachel Notley reiterated her call for Canadians to support new oil pipelines and improve two energy bills …

November 30, 2018 - 12:13 pm Canada, Closing Bell Story‎, Energy News, International
Cenovus Eyes Further Expansion of Crude-by-Rail Deals

Cenovus Eyes Further Expansion of Crude-by-Rail Deals

From Reuters

 

CALGARY, Alberta (Reuters) – Canadian oil producer Cenovus Energy Inc (CVE.TO) is considering further expansion of its agreements to move crude by rail on Canada’s two major railways, its chief executive said on Wednesday.

Last …

November 1, 2018 - 1:30 pm Canada, Closing Bell Story‎, Crude Oil News
ConocoPhillips Prepares to Sell $2 Billion Cenovus Share

ConocoPhillips Prepares to Sell $2 Billion Cenovus Share

From Reuters

ConocoPhillips (COP.N) is preparing to offload its stake in Cenovus Energy Inc (CVE.TO), which it acquired as part of an asset sale to the Canadian oil and gas producer last year, people familiar with the matter told Reuters.…

June 4, 2018 - 6:25 pm Canada, Closing Bell Story‎, Energy News
Canadian Natural Resources, Suncor, Cenovus Face Cutting Oil Output During Transport Crunch

Canadian Natural Resources, Suncor, Cenovus Face Cutting Oil Output During Transport Crunch

From Reuters/Globe and Mail

Canadian Natural Resources Ltd (CNRL) , one of Canada’s biggest oil and gas producers, will produce less than expected this spring, it said on Thursday, as transport bottlenecks pressure prices of Canadian heavy crude.

Tight capacity …

May 3, 2018 - 3:54 pm Closing Bell Story‎, Energy News, Oil Sands
Alberta Oil Industry Could See Bottleneck Relief in Rail Deals

Alberta Oil Industry Could See Bottleneck Relief in Rail Deals

From The Star

CALGARY—Alberta’s beleaguered oil industry may, in the second half of the year, get some relief from its persistent shipping bottlenecks as producers strike deals with rail companies to move more crude.

Oil producers and railroads have room …

April 26, 2018 - 2:02 pm Canada, Closing Bell Story‎, Transportation
Cenovus Inks CAD $1.3 Billion Deal to Sell Palliser Assets to Schlumberger, Torxen

Cenovus Inks CAD $1.3 Billion Deal to Sell Palliser Assets to Schlumberger, Torxen

Current production of 54,000 BOEPD – SLB, Torxen plan 1,600 well program starting in 2018

Cenovus Energy Inc. (ticker: CVE) said it will sell its Palliser crude oil and natural gas assets in southeastern Alberta to privately held Torxen Energy …

Canadian Natural Resources Raises $527 Million with Cold Lake Pipeline Sale

Canadian Natural Resources Buys Assets from Cenovus for $975 Million

Canadian Natural Resources Limited (ticker: CNQ) has entered into an agreement to acquire heavy oil assets in the Greater Pelican Lake region and other miscellaneous assets in northern Alberta from Cenovus Energy Inc. (ticker: CVE), for gross cash consideration of …

$10.5 Billion Raised by Canadian Oil and Gas Companies so Far in 2015

$10.5 Billion Raised by Canadian Oil and Gas Companies so Far in 2015

Debt and equity raises rebound following the end of 2014

Publicly-listed Canadian oil and gas companies raised $10.5 billion in debt and equity raises in the first half of 2015, nearly in-line with the previous year before oil prices tumbled, …

July 6, 2015 - 6:40 pm Canada, Oil and Gas 360 Articles
Cenovus Sells Oil and Gas Royalty Unit for $3.3 Billion

Cenovus Sells Oil and Gas Royalty Unit for $3.3 Billion

In an effort to strengthen its balance sheet, Cenovus (ticker: CVE) has sold its royalty unit to Ontario Teachers’ Pension Plan (Teachers’) for gross cash proceeds of approximately $3.3 billion. The unit, named Heritage Royalty Limited Partnership (HRP), is a …

Trans-Alaska oil pipeline

Cenovus Reports Q1

Cenovus first-quarter oil sands production up 20%

Oil sands per-unit operating costs decline 31%

  • Combined oil sands production averaged more than 144,000 barrels per day (bbls/d) net in the first quarter, up 20% from the same period in 2014.
  • Total
April 29, 2015 - 5:57 pm Canada