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In October 2000, Cenovus (formerly Pan Canadian, Encana) began injecting significant amounts of carbon dioxide into the Weyburn field in order to boost oil production. Cenovus was the operator and held the largest share of the 37 current partners in the oilfield prior to the sale of local assets to Whitecap in 2017. [4]
Cenovus Energy Inc. (pronounced se-nō-vus) is a Canadian integrated oil and natural gas company headquartered in Calgary, Alberta. Its offices are located at Brookfield Place , having completed a move from the neighbouring Bow in 2019.
The refinery is currently owned by Phillips 66 and Cenovus Energy and operated by the joint-venture company WRB Refining, LLC (WRB). WRB was formed on 1 July 2007, with Encana taking a 49% interest in Wood River and also Phillips 66's Borger refinery. Encana subsequently spun off oil sands producer Cenovus and ConocoPhillips spun off Phillips 66.
The positive trajectory in oil prices is a boon for Cenovus' (CVE) upstream operations.
Western Canadian Select (WCS) is a heavy sour blend of crude oil [1] that is one of North America's largest heavy crude oil streams [2] and, historically, its cheapest. [3] It was established in December 2004 as a new heavy oil stream by EnCana (now Cenovus), Canadian Natural Resources, Petro-Canada (now Suncor) and Talisman Energy (now Repsol Oil & Gas Canada). [4]
According to a January 25, 2021 CBC News article, the Whitecap project is very similar but much larger than the Enhance Energy project [8] that is part of the Alberta Carbon Trunk Line System. [8] In November 2017, Whitecap purchased a 62% interest in the Weyburn oil project in Saskatchewan for $940 million from Cenovus Energy. The deal was ...
Aug. 30—LIMA — Cenovus Refinery director of planning, economic and technical services Greg Phillips said the company's $200,000 donation to Ohio State-Lima is meant to lay a foundation at a ...
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