8 articles
Cenovus Energy agreed to acquire Athabasca Oil Corp for C$12 per share in a C$5.7 billion deal that will add 45,000 barrels of oil equivalent daily to its production capacity.
Cenovus Energy will acquire Athabasca Oil in a $4 billion deal, expanding its oil sands business by 45,000 barrels per day with expected annual savings of C$85 million.
Weather and power outages at Cenovus Energy have tightened Canadian crude exports, straining U.S. Midwest refineries and Cushing inventories amid global supply constraints. Western Canadian stockpiles
Alberta proposes a general corridor for a new million-barrel-a-day oil pipeline to the British Columbia coast, with the specific route pending Indigenous consultations. Cenovus Energy's CEO criticized
Cenovus Energy CEO Jon McKenzie labeled the Canadian government's carbon capture-pipeline plan unfinanceable, citing excessive costs and regulatory barriers. He warned that unresolved investment issue
Cenovus Energy CEO Jon McKenzie stated at the Global Energy Show that a proposed 1 million barrel-per-day pipeline to British Columbia is unfinanceable by the private sector due to Canada's regulatory
Cenovus Energy CEO Jon McKenzie warns that Canada's industrial carbon tax hinders new oil pipeline projects, urging policymakers to reconsider environmental rules to maintain competitiveness. Governme
Cenovus Energy reported a record Q1 profit of C$1.57 billion, driven by higher crude prices and increased production from its MEG acquisition. The company also announced a 10% dividend increase alongs
ChemBrief