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News Energy Oil & Gas General
October 29, 2020  

Husky Energy reports $7B loss in Q3, hit by impairment charges

Related to lower long-term commodity price assumptions and reduced capital investment.

News Energy Oil & Gas General Operations
October 28, 2020  

Cenovus targets up to 25% workforce reductions with Husky takeover

8,600 employees and contractors currently working at the two companies.

News Energy Manufacturing General
October 26, 2020  

Cenovus to buy Husky Energy for $3.8B in shares, Pourbaix is CEO

He says combined company will be better able to weather energy market volatility, generate more cash flow, reduce debt and cut costs.

News Energy General
April 2, 2020  

Cenovus suspends dividend, cuts more capital spending, salaries

Additional steps are in response to the ongoing low global oil price environment.

News Energy Manufacturing Oil & Gas General
March 10, 2020  

Cenovus cuts 2020 capital spending plan, lowers production guidance

Now plans up to $1 billion this year, down from earlier plans for between $1.3 billion and $1.5 billion.

News Energy Manufacturing Oil & Gas General Production
February 13, 2020  

Cenovus ramps crude by rail to 120,000 bpd, no provincial contracts

Company used a provincial program that relaxed quota constraints on production if it was shipped out on new rail capacity.

News Energy Manufacturing Oil & Gas General
January 30, 2020  

Cenovus credits quota easing as it ramps up crude by rail

Shipments to 100,000 barrels per day by the end of last month, which energy company says bodes well for its oil sands expansion plans.

News Energy Manufacturing Oil & Gas General Sustainability
January 10, 2020  

Oil sands producer Cenovus aims for ‘net zero’ GHG emissions by 2050

CALGARY — Oil sands producer Cenovus Energy Inc. will

News Energy Manufacturing Oil & Gas General Production
December 10, 2019  

Cenovus capital spending to edge higher in 2020, production to rise

Increase largely due to a deferral of spending following the mandatory production curtailments in Alberta.

News Energy Manufacturing Oil & Gas General
November 1, 2019  

Cenovus boosts oil output plans on curtailment relief for rail

To startup its $675-million, 50,000-barrel-per-day Christina Lake phase G oil sands expansion project.

News Energy Manufacturing Oil & Gas General
November 1, 2019  

Encana HQ move to US an oilpatch ‘tragedy’: Cenovus CEO

Foreign companies have also taken billions of dollars with them as they left the Canadian oilpatch.

News Oil & Gas General
October 2, 2019  

Cenovus raises dividend, plans modest growth, as CEO heralds debt reduction

Calgary-based company announced it will pay a quarterly dividend of 6.25 cents per share.

News Energy Manufacturing Oil & Gas General
August 1, 2019  

Oil sands CEOs take federal election message to voters

Newspaper ads ask readers to call on “leaders of all political stripes” to lend their support to the energy industry.

News Energy Manufacturing Oil & Gas General
July 12, 2019  

Cenovus produces one billionth barrel from thermal oil sands operations

Comes 18 years after Foster Creek facility was launched as the first commercial oil sands project to use steam-assisted gravity drainage.

News Energy Manufacturing Oil & Gas General Production
April 25, 2019  

Production curtailments deliver billions to taxpayers: Cenovus CEO

In Q1, improved commodity pricing drove a strong financial performance, and royalty payments of more than $190 million.”

News Energy Manufacturing Oil & Gas General
April 24, 2019  

Cenovus says Alberta production curtailments are working

Energy company showed a profit in Q1 compared to a loss a year ago.

News Energy Manufacturing Oil & Gas Transportation General
February 14, 2019  

Cenovus Energy vows to build crude by rail capacity

Company is confident Alberta will encourage its as an alternative to delayed new export pipelines.

News Energy Manufacturing Oil & Gas General
November 22, 2018  

Crude by rail exports rose to a record 269,829 bpd in September: NEB

Price discounts are costing the Canadian economy as much as $80 million per day.

News Energy Manufacturing Oil & Gas General
August 10, 2018  

Cenovus selling northern Alberta oil and gas assets for $625M

Sale to NuVista includes Pipestone and Wembley natural gas and liquids production, 39% interest in Wembley plant.

News Energy Oil & Gas Transportation General
May 8, 2018  

Royal Dutch Shell to sell stake in Canadian Natural Resources

Joins other energy players that have reduced their exposure in the oil sands.

News Energy Manufacturing Oil & Gas General
April 25, 2018  

Cenovus posts $914M net loss amid challenging pricing conditions

74 cent per share loss compared with a year earlier profit of $211 million or 25 cents per share.

News Energy Manufacturing Oil & Gas General
April 9, 2018  

Kinder Morgan Canada shares open lower after BC pipeline work suspended

Will consult with stakeholders on the viability of its $7.4-billion project with continuing opposition from the government.

News Energy Manufacturing General
April 5, 2018  

Cenovus Energy hires Husky Energy executive as its next chief

Energy executive replaces Ivor Ruste who is set to retire on April 30.

News Energy Manufacturing Oil & Gas General Operations Production Technology
February 20, 2018  

Oil sands tech touted for boosted pipeline capacity years from deployment

As much as 30% more bitumen could be stuffed into existing pipelines if it is partially refined.

News Energy Manufacturing Oil & Gas General
February 16, 2018  

Heavy oil price discount taking ‘extraordinary’ toll on economy: Cenovus CEO

Every US dollar increase in the price difference costs the company $125 million in revenue.

News Energy Manufacturing Oil & Gas General
February 7, 2018  

Worker killed as drilling rig moved at Christina Lake oil sands site

Cenovus said drill rig site has been shut down for an investigation.

News General
November 15, 2017  

New Cenovus Energy CEO says he will fix balance sheet and regain trust

Pourbaix says supporting new energy pipelines to ensure growing market access remains a priority.

News Energy Manufacturing General Technology
November 6, 2017  

Likely no more carbon capture and storage projects due to costs: SaskPower

Technology worthwhile but low cost of natural gas makes it a more viable option.

News Energy Manufacturing Oil & Gas General
November 2, 2017  

Cenovus Energy reports $69M Q3 loss, production more than doubles

Averaged 590,851 barrels of oil equivalent per day, up from 273,405 a year ago.

News Energy Manufacturing Oil & Gas General
October 30, 2017  

Cenovus names former TransCanada exec Alex Pourbaix as new CEO

He replaces Brian Ferguson, who is retiring after 33 years.

News Energy Manufacturing Oil & Gas General
September 25, 2017  

Cenovus reaches agreement to sell Suffield assets for $512M

Proceeds will be applied to reduce the company’s $3.6 billion asset-sale bridge facility.

News Energy Manufacturing Oil & Gas General
September 5, 2017  

Cenovus selling Pelican Lake operations to Canadian Natural for $975M

Proceeds to go towards money borrowed for the acquisition of ConocoPhillips Canadian assets.