Tag: Cenovus
You’ll be SHOCKED (not really) by the real reason ConocoPhillips “fled” Alberta
Conoco’s sale of oil sands, natural gas assets to Cenovus motivated by business concerns, not policy A few weeks ago I wrote a column about how the purchase of $32 billion in oil sands assets by Cenovus and CNRL was a “great news” story for the Alberta energy sector, a real coming of age for […]
‘Fleeing oil sands capital’ story driven by Alberta politics, media – not reality
Buying oil sands assets for $32 billion total makes CNRL, Cenovus world class energy companies Cenovus buys ConocoPhillips oil sands assets for $17.7 billion Wednesday. Last week CNRL buys Shell and Marathon assets for $14.4 billion. Are super-major oil companies fleeing Rachel Notley’s NDP government or are the sales a sign of Alberta oil sands […]
Cenovus to double production and reserves in Canada
$17.7 billion acquisition establishes anchor position in two of Canada’s most attractive oil and gas plays Cenovus Energy Inc., one of Canada’s largest producers, has agreed to acquire U.S. oil major ConocoPhillips’ 50 per cent interest in the FCCL Partnership, the companies’ jointly owned oil sands venture operated by Cenovus, according to a press release. Cenovus […]
Cenovus Energy: $32 million caribou habitat initiative; largest project of its kind
Largest single restoration project of its kind ever undertaken Cenovus Energy Inc. announced a $32 million, 10-year Caribou Habitat Restoration Project, to help protect threatened woodland caribou near the company’s operations in northeastern Alberta. This is step forward for the industry’s environmental image, a few days after this announcement, a pipeline leak of 380,000 liters of light oil […]
Cenovus Pelican Lake oil sands project evacuated due to wildfire
CNRL, Cenovus Pelican Lake oil sands staff evacuated By Nia Williams and Eric M. Johnson CALGARY, Alberta, June 8 (Reuters) – Oil sands producers Canadian Natural Resources Limited and Cenovus Energy shut projects and evacuated workers at Pelican Lake facilities in northern Alberta as wildfires threatened western Canadian output for the second time in a five […]
Two Alberta oilsands companies invest in BC cleantech fund
Cenovus, Suncor invest BC cleantech fund CALGARY _ Two oilsands heavyweights are making a push into B.C.’s cleantech sector. Cenovus Energy (TSX:CVE) and Suncor Energy (TSX:SU) have each pledged up to $50 million over the next 10 years to support Evok Innovations, a cleantech fund launched Thursday. With the oil and gas industry facing increasing […]
Alberta climate policy: Exxon subsidiary Imperial still mulling over plan
CNRL, Suncor, Cenovus, Shell on board with Alberta climate policy CALGARY _Prominent members of both Big Oil and the environmental movement have given their blessing to Alberta’s sweeping new climate change plan. But as remarkable as it was for the likes of both oilpatch billionaire Murray Edwards, Canadian Natural Resources Ltd.’s chairman, and former U.S. […]
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