Cenovus Energy Mining News

Cenovus posts smaller loss as production more than doubles

Company lost $69 million in its latest quarter as it more than doubled its production compared with a year ago.

TransCanada veteran Alex Pourbaix to lead Cenovus

Pourbaix replaces Brian Ferguson, who announced his retirement earlier this year following Cenovus’ $17.7 billion acquisition of oil sands and natural gas assets from ConocoPhillips.

Secret deal on Alberta’s oil sands emissions limits divides patch

A hard cap on oilsands emissions was the product of secret negotiations between four top oilsands companies and four environmental organizations.

$60 billion in oil sands projects frozen due to crude prices collapse — report

And oil prices keep falling — they have kicked off the week in the red, with U.S. prices trading below $48 a barrel.

Wildfire spreads closer to Canada’s oil sands: hundreds evacuated

As of Wednesday night, there were 63 fires burning in the area and 13 were considered to be out of control.

Canada's oil sands cash flows set to drop by $21 billion

Current operational costs for producers have reached $37 to $40 per barrel. Benchmark U.S. crude, meanwhile, is trading at around $50 a barrel.

Cenovus oil sands production increases 23 percent

Company generates nearly $1 billion in cash flow.

Alberta oil sands train headed for US in November

Canexus will start with 50,000 barrels per day, then 100,000 next year.