Experts to work with energy industry on oil price solutions for Alberta [UPDATED]
Premier Rachel Notley says the Canadian economy is losing out because oil from Alberta is selling about $45 a barrel less than West Texas Intermediate in the United States.
Cenovus to accelerate drilling on acquired ConocoPhillips gas properties
Company will spend $650 million in 2019 to drill up to 120 wells in the Deep Basin of northeastern BC and northwestern Alberta.
$17.7B Cenovus deal seen as likely to be last oil sands blockbuster
Analysts note there are fewer significant assets available after more than a year of consolidation transactions.
Cenovus to buy ConocoPhillips’s Canadian assets for $17.7B
Deal makes the US-based company the latest international energy producer to lessen it’s exposure to Alberta.
Cenovus to boost 2017 spending by 24%
Energy producer will resume Christina Lake expansion.
Companies increasingly putting price on carbon to mitigate risks
Study finds the number of companies factoring carbon pricing in their finances has tripled since last year.
Cenovus set to restart production at Foster Creek project
Facility has been offline since May 23 because of a large wildfire in the area.
Crude oil production lowest in two years: report
“Perfect storm” of events cut average production to 3.98 million barrels of oil a day in May.
Fires force Cenovus, Canadian Natural Resources to close
Closures account for 10% loss of Alberta’s daily crude production.
Cenovus Energy posts $668M Q1 loss
Takes hit from currency loss, lower oil and gas price.
Cenovus cutting 15% of staff, suspends salary increases
Energy producer announces $472 million loss for the quarter that ended Dec. 31.
Cenovus reduces 2015 capital spending by 15%
Will implement cost-savings initiatives to save up to $500 million a year by 2018.
Investors eye strategic shifts, gas prices as energy firms post results
Analysts expect lower earnings from Encana, Talisman as both companies concentrate their operations.
Cenovus to triple amount of crude moved by rail by late 2014
The railed oil would represent about 10% of Cenovus’ crude volumes.
From PLANT West: SAPing bitumen
Butane taps freer flowing oil.