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Alberta’s oil limits finally seem to be working

Alberta’s oil limits finally seem to be working

Alberta’s oil production curbs finally appear to be draining inventories, at least for now. The Alberta government’s move to cut corporate taxes from 12 to eight per cent. Alberta premier Jason Kenney offered his thoughts on the differing views between him and B.C. premier. Canada’s largest oil producers are calling on the Alberta government to...

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Cenovus Energy reaches production milestone in northern Alberta

Cenovus Energy reaches production milestone in northern Alberta

Cenovus Energy Inc. has announced that on July 10, 2019, the company reached 1 Bbbl of cumulative production. Company delivered strong operating and financial performance in the first quarter of 2019. Company remains committed to increasing shareholder value. Company generated more than $700 million of free funds flow. Company signed three-year deals with major rail...

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Cenovus forges ahead on rail plans as Canadian peers dial back

Cenovus forges ahead on rail plans as Canadian peers dial back

Cenovus Energy, Inc. is an oil company, operates oil sands properties and established crude oil and natural gas production. Cenovus Energy said it is in talks with a potential buyer to sell some of its royalty lands. Company announced capital budgets to required almost maintain current production levels in 2019. Cenovus Energy Inc. is forging ahead with plans...

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Oil jumps most since June on Saudi-Russian Pact, trade war truce

Oil jumps most since June on Saudi-Russian Pact, trade war truce

Oil prices jumped by more than 5% on Monday after the US and China agreed to a 90-day truce in a trade dispute, and ahead of a meeting this week of the producer club Opec that is expected to cut supply. US light crude oil rose $2.92 a barrel to a high of $53.85, up 5.7%,...