Framing the Canadian government’s goals for cutting greenhouse gas (GHG) emissions from fossil fuel production as too much, too soon, management at Cenovus Energy Inc. expressed doubts about how workable the system would be for natural gas and oil producers. “I am very worried that if we remain on this path, it could lead to…
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Articles from Cenovus Energy
Cenovus, Suncor Dig In to Grow Production from West White Rose in Newfoundland
After a two-year pause during the Covid-19 pandemic and an ownership shuffle, a third project aimed at reviving Canadian oil production offshore Newfoundland has progressed. Cenovus Energy Inc. and Suncor Energy Inc. announced work would resume on their C$3.2 billion ($2.6 billion) West White Rose supply development, which was paused in March 2020. The move…
May 31, 2022
Cenovus Builds Oilsands Output on Back of Husky Takeover; Meg Sees ‘Structural Improvements’
Alberta oilsands specialist Cenovus Energy Inc. staged a recovery during the first three months of this year, fueled by its C$3.8 billion ($3 billion) all-stock takeover of Husky Energy Inc. Oil and natural gas liquids production, 90% dominated by northern Alberta bitumen extraction, jumped by 49% to 620,090 b/d from 416,802 b/d a year earlier.…
May 18, 2021
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