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Cenovus Energy Inc T.CVE

Alternate Symbol(s):  CVE | CVE.WS | T.CVE.WT | T.CVE.PR.A | CNVEF | T.CVE.PR.B | T.CVE.PR.E | T.CVE.PR.G

Cenovus Energy Inc. is a Canada-based integrated energy company. The Company has oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The Company's segments include Upstream, Downstream, and Corporate and Eliminations. Its Upstream segment includes Oil Sands, Conventional, and Offshore. Its Downstream segment consists of Canadian Manufacturing, and United States Manufacturing. The Company's upstream operations include oil sands projects in northern Alberta, thermal and conventional crude oil, natural gas and natural gas liquids (NGLs) projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and NGLs production offshore China and Indonesia. The Company's downstream operations include upgrading and refining operations in Canada and the United States, and commercial fuel operations across Canada.


TSX:CVE - Post by User

Cenovus Energy Inc > Irving Oil no longer for sale
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Comment by downwithdotcom1on Jan 15, 2025 11:32am
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Post# 36405075

RE:RE:RE:RE:Irving Oil no longer for sale

RE:RE:RE:RE:Irving Oil no longer for sale

let me retort: fact, the refinery wasn't sold and the costs are too high, Trump running his mouth not withstanding...see below...dwdc


Greenland ends decades-long hunt for oil with ban on new licensing in 2021

A self-ruling territory of Denmark, Greenland gained full control of its subsoil resources in 2009.

Cairn Energy spent over $1 billion drilling a run of dud wells offshore Greenland early in the decade. BP, Chevron, ConocoPhillips, Eni, Equinor and Shell were granted exploration/exploitation licenses for Northeast Greenland in 2013. (and yet no activity since-my words)

At the time, drilling costs were estimated to be about $100 million per exploration well and $6 billion-$7 billion to develop an entire field.

 

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