$3.8B refinery project for Cenovus-ConocoPhillip
ConocoPhillips has started up a $3.8-billion coker and refinery expansion project in Illinois that is part of a joint venture with Calgary oil company Cenovus Energy.
Cenovus Q3 profit soars to $510M
Oil sands operator and refiner Cenovus Energy reports net profits more than doubled to $510 million as output rose and the company booked a big hedging gain.
Cenovus investing $3.5B/yr in oil development
Cenovus Energy Inc. plans to accelerate oil project development over the next decade, investing an average of up to $3.5 billion a year as it seeks to increase production to about 500,000 barrels per day by the end of 2021.
Cenovus investing $2B in projects for 2011
Cenovus Energy Inc. plans to spend $2 billion on oil sands projects and other operations in 2011, much of it to lay the groundwork for future projects.