Cenovus shares trade under the symbol CVE, and are listed on the Toronto and New York stock exchanges. Construction of phase A at the company's Narrows Lake project is progressing. Your email address will not be published. The company expects to make a decision on the timing of development in 2015. There is no certainty that it will be commercially viable to produce any portion of the contingent resources. Initial phases approved for production capacity of 90,000 bbls/d. The company also conducted a dewatering pilot project that was concluded during the fourth quarter of 2013, demonstrating its ability to remove an underground layer of non-potable water sitting on top of the oil sands deposit at Telephone Lake. AME’s whitepaper "A Manufacturing Marshall Plan" calls for reshoring, nearshoring and leanshoring. Cenovus has 50% ownership of these three projects with its partner ConocoPhillips. Estimates are presented using McDaniel & Associates Consultants Ltd. ("McDaniel") January 1, 2014 price forecast. Cenovus also conducted a dewatering pilot project that was successfully concluded during the fourth quarter of 2013, demonstrating the company's ability to remove an underground layer of non-potable water sitting on top of the oil sands deposit at Telephone Lake. He says combined company will be better able to weather energy market volatility, generate more cash flow, reduce debt and cut costs. Cenovus has two operating oil sands projects - Foster Creek, with approximately 150,000 bbls/d of current gross production capacity, and Christina Lake with 138,000 bbls/d of current gross production capacity. It is committed to applying fresh, progressive thinking to safely and responsibly unlock energy resources the world needs. Steam-assisted gravity drainage or SAGD technology is the only way we get oil out of our oil sands projects. Cenovus Energy Inc.Cenovus Energy Inc. is a Canadian integrated oil company. For more information, visit cenovus.com. She claims abuse of process based on her arrest, and the US misled Canadian officials in its summary of allegations made against her. Cenovus filed its Telephone Lake regulatory application and Environmental Impact Assessment in the fourth quarter of 2011. The approval is for a steam-assisted gravity drainage (SAGD) project with initial production capacity of 90,000 barrels per day (bbls/d), which is anticipated to be developed in two 45,000 bbls/d phases. Cenovus also conducted a dewatering pilot project that was successfully concluded during the fourth quarter of 2013, demonstrating the company's ability to remove an underground layer of non-potable water sitting on top of the oil sands deposit at Telephone Lake. Initial phases approved for production capacity of 90,000 bbls/d CALGARY, Nov. 14, 2014 /PRNewswire/ - Cenovus Energy Inc. has received approval from the Alberta Energy Regulator and the... | … CALGARY — Cenovus Energy Inc. has received approval from the Alberta Energy Regulator (AER) and the Alberta government for its Telephone Lake thermal oil sands project. Cenovus has been working to expand its understanding of the Telephone Lake property. Telephone Lake. HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. OIL AND GAS INFORMATIONThe estimates of reserves and resources data were prepared effective December 31, 2013 by an independent qualified reserves evaluator in accordance with the Canadian Oil and Gas Evaluation Handbook and National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities.
Cenovus shares trade under the symbol CVE, and are listed on the Toronto and New York stock exchanges. A Cision company. While dewatering is not essential to the development of Telephone Lake, the company believes it will enhance project economics and reduce the impact on the environment. Canadian companies join forces to test shared spaces for COVID-19, Environment minister reconsidering staying out of Alberta coal mine review, Trump reins in major environmental law to speed big projects, Trudeau apologizes for not recusing himself from WE decision, H-Source, Relevium partner to develop global supply of PPE, US House of Representatives approves Keystone XL construction, Ottawa to punish resource firms breaking social responsibility rules abroad. In addition, Cenovus is moving ahead with phase A of its 100%-owned Grand Rapids oil sands project. Cenovus’s 100 percent owned Telephone Lake property is located in the Borealis Region in northeastern Alberta, approximately 90 kilometers northeast of Fort McMurray, Alberta. Required fields are marked *, Meng Wanzhou extradition case back in court for hearings on arrest. OIL AND GAS INFORMATIONThe estimates of reserves and resources data were prepared effective December 31, 2013 by an independent qualified reserves evaluator in accordance with the Canadian Oil and Gas Evaluation Handbook and National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities.
No mining. Our value chain; Pipelines; Rail; Diluent recovery unit; Marketing, transportation and power contacts; Technology.
Raises confidentiality related to requirement to produce documents related to the production and purchase of a vaccine for COVID-19. Cenovus filed its Telephone Lake regulatory application and Environmental Impact Assessment in the fourth quarter of 2011. The proposed project is located approximately 90 kilometres northeast of Fort McMurray, within the company's Borealis Region of northern Alberta.
The results of this drilling program have confirmed that the Telephone Lake reservoir has high permeability and a thickness similar to that of Cenovus's existing Christina Lake thermal oil sands project. Expansions are continuing at both of these projects. The risk factors and uncertainties that could cause our actual results to differ materially, include: volatility of and assumptions regarding oil and gas prices; the effectiveness of our risk management program, including the impact of derivative financial instruments and the success of our hedging strategies; the accuracy of cost estimates; fluctuations in commodity prices, currency and interest rates; fluctuations in product supply and demand; market competition, including from alternative energy sources; risks inherent in our marketing operations, including credit risks; maintaining desirable ratios of debt to adjusted EBITDA as well as debt to capitalization; our ability to access various sources of debt and equity capital; accuracy of our reserves, resources and future production estimates; our ability to replace and expand oil and gas reserves; our ability to maintain our relationships with our partners and to successfully manage and operate our integrated heavy oil business; reliability of our assets; potential disruption or unexpected technical difficulties in developing new products and manufacturing processes; refining and marketing margins; potential failure of new products to achieve acceptance in the market; unexpected cost increases or technical difficulties in constructing or modifying manufacturing or refining facilities; unexpected difficulties in producing, transporting or refining of crude oil into petroleum and chemical products; risks associated with technology and its application to our business; the timing and the costs of well and pipeline construction; our ability to secure adequate product transportation, including sufficient crude-by-rail or other alternate transportation; changes in the regulatory framework in any of the locations in which we operate, including changes to the regulatory approval process and land-use designations, royalty, tax, environmental, greenhouse gas, carbon and other laws or regulations, or changes to the interpretation of such laws and regulations, as adopted or proposed, the impact thereof and the costs associated with compliance; the expected impact and timing of various accounting pronouncements, rule changes and standards on our business, our financial results and our consolidated financial statements; changes in the general economic, market and business conditions; the political and economic conditions in the countries in which we operate; the occurrence of unexpected events such as war, terrorist threats and the instability resulting therefrom; and risks associated with existing and potential future lawsuits and regulatory actions against us. Additional information with respect to the significant factors relevant to the resources estimates, pricing and additional reserves and other oil and gas information, including the material risks and uncertainties associated with reserves and resources estimates, is contained in our Annual Information Form and Form 40-F for the year ended December 31, 2013, available on SEDAR at sedar.com, EDGAR at sec.gov and on our website at cenovus.com. Telephone Lake is expected to eventually have total production capacity in excess of 300,000 bbls/d, with a project life of more than 40 years. The results of this drilling program have confirmed that the Telephone Lake reservoir has high permeability and a thickness similar to that of Cenovus's existing Christina Lake thermal oil sands project. Approximately 70% of the top water was removed during the dewatering pilot and replaced with compressed air, which Cenovus expects will improve the steam to oil ratio (SOR) of the project.
http://www.plant.ca/YOCgT #mfg #manufacturing, Cenovus to buy Husky Energy for $3.8B in shares, Pourbaix is CEO. Find Cenovus on Facebook, Twitter, LinkedIn, YouTube and Instagram.
Cenovus has been working to expand its understanding of the Telephone Lake property. The factors or assumptions on which the forward-looking information is based include: assumptions disclosed in our current guidance, available at cenovus.com; our projected capital investment levels, the flexibility of our capital spending plans and the associated source of funding; estimates of quantities of oil, bitumen, natural gas and liquids from properties and other sources not currently classified as proved; our ability to obtain necessary regulatory and partner approvals; the successful and timely implementation of capital projects or stages thereof; our ability to generate sufficient cash flow from operations to meet our current and future obligations; and other risks and uncertainties described from time to time in the filings we make with securities regulatory authorities. http://www.plant.ca/MPhpy #mfg #manufacturing, Maxim Power switches from coal to natural gas near Grande Cache. Forward-looking information in this document is identified by words such as "anticipate", "believe", "expect", "plan", "forecast" or "F", "projected", "proposed", "schedule", "potential", or similar expressions and includes suggestions of future outcomes, including statements about our growth strategy and related schedules, forecast operating results, planned capital expenditures, expected future production, including the timing, stability or growth thereof, expected increase in production capacity through optimization activity and debottlenecking, anticipated timelines for future regulatory, partner or internal approvals, future impact of regulatory measures, future use and development of technology, including to reduce our environmental impact and projected increasing shareholder value. TSX falls on energy weakness as surging virus cases weigh, Canada's Cenovus to buy Husky for $2.9 billion as pandemic drives oil mergers.
This field is for validation purposes and should be left unchanged.
Telephone Lake is expected to eventually have total production capacity in excess of 300,000 bbls/d, with a project life of more than 40 years.
Construction of phase A at the company's Narrows Lake project is progressing.
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