Cenovus

Suncor to Write Down $425M for Stranded Oilfield Project Offshore Newfoundland

Suncor to Write Down $425M for Stranded Oilfield Project Offshore Newfoundland

Failure to revive a mothballed production project prompted Calgary-based Suncor Energy Inc. to announce Tuesday a C$425 million ($319 million) write down on its 27.5% share of an oilfield offshore of Newfoundland. Suncor said majority owner Husky Energy Inc. stranded a 200 million bbl White Rose field addition by suspending construction when the Covid-19 virus…

January 6, 2021

Cenovus Cites Lack of Canadian Oil Infrastructure for Reducing Rates, Storing Barrels

A “critical” lack of crude oil export capacity from Western Canada has forced Cenovus Energy Inc. to reduce production rates and store excess barrels in its reservoirs, the Calgary-based operator said Thursday.

March 22, 2018
Schlumberger, Torxen Grab Cenovus Properties in Alberta for $1.3B

Schlumberger, Torxen Grab Cenovus Properties in Alberta for $1.3B

Calgary-based Cenovus Energy Inc. is selling its natural gas-weighted Palliser properties in southeastern Alberta for $1.3 billion to a joint venture between privately held Canadian producer Torxen Energy and Schlumberger Ltd.

October 19, 2017

Cenovus Sells Western Canada Oil, NatGas Royalties Unit For Financial Wiggle Room

The Ontario Teachers Pension Plan has agreed to pay Cenovus Energy Inc. C$3.3 billion to buy a portfolio of oil and natural gas royalty lands in Western Canada.

July 1, 2015

Cenovus Sells Western Canada Oil, NatGas Royalties Unit For Financial Wiggle Room

The Ontario Teachers Pension Plan has agreed to pay Cenovus Energy Inc. C$3.3 billion to buy a portfolio of oil and natural gas royalty lands in Western Canada.

July 1, 2015