Search our current opportunities to see if there's a position that matches your skills. Cenovus will post updates when new information is available for contractors, suppliers and services providers about our response to COVID-19. The combined company is expected to generate annual synergies of C$1.2 billion and will operate as Cenovus Energy Inc with headquarters in Alberta, Canada, the statement said. Overall current production capacity at Christina Lake is 260,000 bbls/d. “The diverse portfolio will enable us to deliver stable cash flow through price cycles,” Alex Pourbaix, Cenovus President and Chief Executive Officer said. At our conventional oil and natural gas assets, we’re working hard to reduce our methane emissions. The deal is the latest sign of consolidation in an energy sector that has been battered by the twin crises of the COVID-19-related economic slowdown and low crude oil prices. Cenovus will post updates when new information is available for contractors, suppliers and services providers about our response to COVID-19.

Make it better is making a big difference when it comes to growing our safety culture at our Foster Creek and Christina Lake oil sands operations. Refineries have suffered during the pandemic as travel restrictions hammered demand for jet fuel and gasoline, but in more normal times they can provide a hedge for oil producers when crude prices are low. We have two producing projects in the oil sands – Foster Creek and Christina Lake – as well as several emerging projects for future development. RBC Capital Markets and TD Securities are acting as financial advisors to Cenovus, while Goldman Sachs Canada and CIBC Capital Markets are acting as financial advisors to Husky. If you really love Cenovus Energy Inc and you wanna know more. 535 7th Ave SW Calgary, Alberta T2P 0Y4 © 2006-2020 Rogers Media. Check this page regularly or contact your Cenovus supervisor. As Executive Vice-President, Stakeholder Engagement, Safety, Legal & General Counsel, Al is accountable for ensuring Cenovus builds strong relationships and communicates effectively with a variety of stakeholders, including residents of Indigenous communities. Calgary, AB T2P 0M5. The chief executive of Cenovus Energy said he believes there are more mergers ahead for Canada's oil and gas sector after it … Construction of our pilot project at Christina Lake began in 2000 and first production occurred two years later. “The integration of Cenovus’s best-in-class in situ oil sands assets with Husky’s extensive North American upgrading, refining and transportation network … will create a low-cost competitor and support long-term value creation.”. Combining the companies will create annual savings of $1.2 billion, largely achieved within the first year and independent of commodity prices, the companies said. As Senior Vice-President, Corporate Services, Sarah is accountable for supporting Cenovus’s business activities and building the appropriate organizational capability and capacity to deliver upon the company’s strategy. (postal code for couriers - T2P 1N2) General inquiries. of the time. formats, with first '.' By checking this box, I agree to the terms of service and privacy policy of Rogers Media. ... Email Address. Check this page regularly or contact your Cenovus … Reporting by Ann Maria Shibu in Bengaluru; Editing by Susan Fenton. Cenovus is a Canadian oil company with oil sands operations in northern Alberta that use specialized methods like SAGD to drill and pump the. Consolidation makes the Canadian industry leaner and lowers costs, said Jackie Forrest, executive director at the ARC Energy Research Institute, adding that deal-making is likely just getting started. Read about why we exist, what we're committed to and what differentiates us from our peers. No tailings ponds. Cenovus and Husky to hold joint conference call and webcast on transaction, Cenovus and Husky to combine to create a resilient integrated energy leader, Cenovus to hold conference call and webcast on third-quarter results, Cenovus announces closing of The deal would combine the companies into a new integrated oil and gas business with increased and more stable cash flows, the statement said. {* backButton *} Get complete details on the Cenovus Husky transaction. Search our current opportunities to see if there's a position that matches your skills. 1 min ago [email protected]) being used 90% Weekly update for Weather, traffic, Entertainment, and win or puchase tickets for events. Learn more about what this technology does and how we use it every day. {* traditionalSignIn_signInButton *}, {* backButton *} {* forgotPassword_sendButton *}, {* backButton *} No mining. Calgary, AB T2P 0M5. Send me alerts, event notifications and special deals or information from our carefully screened partners that may be of interest to me. US$1 billion offering of senior notes, Cenovus reports second-quarter 2020 results, Cenovus releases 2019 environmental, social & governance report. Read about why we exist, what we're committed to and what differentiates us from our peers. The most recent larger deals happened in the first quarter of 2017, when Cenovus bought ConocoPhillips assets and Canadian Natural purchased assets from Shell and Marathon Oil. The chief executive of Cenovus Energy said he believes there are more mergers ahead for Canada's oil and gas sector after it was announced Sunday that his. Cenovus will post updates when new information is available for contractors, suppliers and services providers about our response to COVID-19. We’re always working to develop our oil sands resources responsibly. Narrows Lake could support incremental production from Christina Lake if we decide to develop this asset. Copyright © Cenovus Energy Inc. Cenovus Operations Management System (COMS), Marketing, transportation and power contacts, Environmental, social & governance reporting.

3 oil and gas producer as a pandemic-driven demand collapse and weak oil prices force the industry to consolidate. Cenovus Energy's Employee Email Address Formats Cenovus Energy uses 2 email formats, with first '.' In July 2019, we became the first company in the oil sands to produce a billion barrels of oil using steam-assisted gravity drainage (SAGD) technology. Underpinning their strong leadership is a tremendous depth of talent and knowledge that will enable us to execute on our business plan and continue to increase value for our shareholders. Canadian oil and gas producer Cenovus Energy Inc will buy peer Husky Energy Inc in an all-stock transaction valued at $23.6 billion, inclusive of debt, the companies said in a joint statement on Sunday. All rights reserved. CALGARY – Cenovus Energy Inc. will buy Husky Energy Inc. in an all-stock transaction valued at $23.6 billion, the Calgary-based companies said Sunday in a joint announcement. The combined company will also have an efficient cost structure and ample liquidity.”. Check this page regularly or contact your Cenovus … As Executive Vice-President, Strategy & Corporate Development, Drew is responsible for stewarding Cenovus’s long-term strategy and maximizing value for our shareholders. In 2019, Christina Lake produced approximately 195,000 barrels of oil per day (bbls/d). (403) 766-4535. News of the Cenovus-Husky deal follows a Friday announcement from Alberta’s government that the province would end its oil curtailment quotas, a temporary measure intended to support oil prices.

Cenovus said the deal would create Canada’s third-largest producer based on total company output behind Canadian Natural Resources Ltd and Suncor Energy Ltd. Husky shareholders will receive 0.7845 of a Cenovus share and 0.0651 of a Cenovus share purchase warrant in exchange for each Husky common share, according to the statement. You have activated your account, please feel free to browse our exclusive contests, videos and content. Get breaking news, weather and traffic stories in your inbox 7 days a week, 24 hours a day. Local Community Relations. last (ex. Details. Rogers Media uses cookies for personalization, to customize its online advertisements, and for other purposes. Please confirm the information below before signing up. Please contact us. CALGARY – Cenovus Energy Inc. will buy Husky Energy Inc. in an all-stock transaction valued at $23.6 billion, the Calgary-based companies said Sunday in a joint announcement. Canadian oil and gas producer Cenovus Energy Inc will buy peer Husky Energy Inc in an all-stock transaction valued at $23.6 billion, inclusive of debt, the companies said in a joint statement on Sunday.
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We’re always working to develop our oil sands resources responsibly. At Cenovus, sustainability is essential to the way we do business. We use cookies in order to provide you with a, 4 Killer Outbound Sales Prospecting Tactics for 2020, 4 Techniques from an FBI Agent to Build Trust in Sales. We’re always working to develop our oil sands resources responsibly. The deal, announced on Sunday, follows recent big deals in the United States.

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