Cenovus Energy

Cenovus to webcast Investor Day 2024

Retrieved on: 
Tuesday, February 27, 2024

CALGARY, Alberta, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will hold its 2024 Investor Day in Toronto on Tuesday, March 5, 2024, at 8:30 a.m.

Key Points: 
  • CALGARY, Alberta, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will hold its 2024 Investor Day in Toronto on Tuesday, March 5, 2024, at 8:30 a.m.
  • To accommodate a broader audience, the presentation will be webcast.
  • The webcast and presentation will be available at cenovus.com by registering in advance at the Investors page’s Presentations and events section via the following link.
  • Cenovus common shares and warrants are listed on the Toronto and New York stock exchanges, and the company’s preferred shares are listed on the Toronto Stock Exchange.

Phillips 66 Appoints Robert W. Pease to Board of Directors

Retrieved on: 
Tuesday, February 13, 2024

The Board of Directors of Phillips 66 (NYSE: PSX) has appointed Robert W. Pease to serve on the board, effective immediately.

Key Points: 
  • The Board of Directors of Phillips 66 (NYSE: PSX) has appointed Robert W. Pease to serve on the board, effective immediately.
  • “Phillips 66 is pleased to welcome Bob to the board.
  • Phillips 66 is well positioned as the leading integrated downstream energy provider,” stated Greg Garland, executive chairman of the board.
  • “Bob complements an already strong and diverse board and joins Phillips 66 after collaborative discussions with one of our largest investors.

Cenovus to hold fourth-quarter, full-year 2023 results conference call and webcast February 15

Retrieved on: 
Friday, February 9, 2024

CALGARY, Alberta, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) will release its fourth-quarter and full-year 2023 results on Thursday, February 15.

Key Points: 
  • CALGARY, Alberta, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) will release its fourth-quarter and full-year 2023 results on Thursday, February 15.
  • The news release will provide consolidated fourth-quarter and full-year operating and financial information.
  • The company’s quarterly and 2023 financial statements will be available on Cenovus’s website, cenovus.com .
  • To join the conference call without operator assistance, please register here approximately 5 minutes in advance to receive an automated call-back when the session begins.

Cenovus announces 2024 budget

Retrieved on: 
Thursday, December 14, 2023

Oil sands operating costs are expected to be in the range of $12.00/bbl to $14.00/bbl in 2024, partially due to higher non-fuel costs associated with the Christina Lake turnaround.

Key Points: 
  • Oil sands operating costs are expected to be in the range of $12.00/bbl to $14.00/bbl in 2024, partially due to higher non-fuel costs associated with the Christina Lake turnaround.
  • The SeaRose is expected to return to the field and resume production late in the third quarter of 2024.
  • Cenovus expects maintenance and repair activities will contribute to higher operating costs in 2024 as the company works to ensure the safety and reliability of all its upstream and downstream assets.
  • The following table provides details on planned turnaround activities at Cenovus assets in 2024 and anticipated production or throughput impacts.

NRG Energy Announces Leadership Changes

Retrieved on: 
Monday, November 20, 2023

NRG Energy, Inc. (NYSE: NRG) (“NRG” or the “Company”) today announced that Lawrence Coben, Ph.D., Chair of the NRG Board of Directors, has been appointed Interim President and Chief Executive Officer and that Mauricio Gutierrez, NRG’s President and Chief Executive Officer, has departed the Company and resigned from the Board.

Key Points: 
  • NRG Energy, Inc. (NYSE: NRG) (“NRG” or the “Company”) today announced that Lawrence Coben, Ph.D., Chair of the NRG Board of Directors, has been appointed Interim President and Chief Executive Officer and that Mauricio Gutierrez, NRG’s President and Chief Executive Officer, has departed the Company and resigned from the Board.
  • The NRG Board has initiated a search to identify a permanent CEO and retained a leading search firm to assist with this process.
  • “Today, NRG is in a position of strength,” Dr. Coben said.
  • Their expertise will help ensure we capture the value we create by offering a smarter, cleaner and more digitally enhanced energy ecosystem.

Pathways Alliance advances key oil sands CO2 emissions reduction activities

Retrieved on: 
Monday, November 27, 2023

This CCS network could reduce net CO2 emissions from oil sands operations by approximately 10 to 12 million tonnes annually by 2030 and as much as 40 million tonnes per year by 2050.

Key Points: 
  • This CCS network could reduce net CO2 emissions from oil sands operations by approximately 10 to 12 million tonnes annually by 2030 and as much as 40 million tonnes per year by 2050.
  • The first phase of the proposed Pathways Alliance plan calls for more than a $24 billion investment before 2030.
  • Steam reduction technologies to reduce the need for steam, which is a major driver of emissions from in-situ oil sands production.
  • Pathways Alliance is continuing analysis and evaluation of the application of small modular nuclear reactors (SMRs) as one of the many long-term methods to produce energy for industrial steam and sharply reduce CO2 emissions from oil sands production.

Cenovus Energy announces renewal of share buyback program

Retrieved on: 
Tuesday, November 7, 2023

Cenovus’s renewal of its share buyback program is consistent with the company’s capital allocation framework, which supports enhancing value for investors by returning cash to shareholders, generating strong returns on capital investment and deleveraging its balance sheet.

Key Points: 
  • Cenovus’s renewal of its share buyback program is consistent with the company’s capital allocation framework, which supports enhancing value for investors by returning cash to shareholders, generating strong returns on capital investment and deleveraging its balance sheet.
  • Cenovus’s prior NCIB for the purchase of up to 136,717,741 common shares is set to expire on November 8, 2023.
  • As at October 31, 2023, Cenovus had repurchased an aggregate of 44,325,888 common shares at a weighted-average price of $24.74 per common share, excluding brokerage fees, under its prior NCIB.
  • Cenovus Energy Inc. is an integrated energy company with 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.

Cenovus to hold third-quarter conference call and webcast

Retrieved on: 
Wednesday, October 25, 2023

CALGARY, Alberta, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its third-quarter 2023 results on Thursday, November 2.

Key Points: 
  • CALGARY, Alberta, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its third-quarter 2023 results on Thursday, November 2.
  • The news release will provide consolidated third-quarter operating and financial information.
  • To join the conference call without operator assistance, please register here approximately 5 minutes in advance to receive an automated call-back when the session begins.
  • Cenovus common shares and warrants are listed on the Toronto and New York stock exchanges, and the company’s preferred shares are listed on the Toronto Stock Exchange.

Distinguished industry leader, Hal Kvisle, named as Board Chair of new Liquids Pipelines Company

Retrieved on: 
Thursday, October 12, 2023

CALGARY, Alberta, Oct. 12, 2023 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) is pleased to announce that distinguished industry leader Hal Kvisle has agreed to be appointed as Chair of the new Liquids Pipelines Company’s Board of Directors.

Key Points: 
  • CALGARY, Alberta, Oct. 12, 2023 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) is pleased to announce that distinguished industry leader Hal Kvisle has agreed to be appointed as Chair of the new Liquids Pipelines Company’s Board of Directors.
  • The Transaction is anticipated to be completed on a tax-free basis in the second half of 2024.
  • “Hal is an inspiring and seasoned leader with extensive industry experience and intimate knowledge of TC Energy’s highly competitive North American liquids system,” said Siim A. Vanaselja, Chair of TC Energy’s Board of Directors.
  • The new Liquids Pipelines Company will focus on the value of its unrivalled asset base.

Avatar Ventures Announces First Close of $2.5MM for it's Inaugural Leadership Fund I

Retrieved on: 
Tuesday, September 26, 2023

TORONTO and CALGARY, AB, Sept. 26, 2023 /CNW/ - Avatar Innovations ("Avatar"), Canada's first Energy Transition Corporate Venture Studio is pleased to announce the first close of its inaugural fund, Avatar Leadership Fund 1 (the "Fund").

Key Points: 
  • TORONTO and CALGARY, AB, Sept. 26, 2023 /CNW/ - Avatar Innovations ("Avatar"), Canada's first Energy Transition Corporate Venture Studio is pleased to announce the first close of its inaugural fund, Avatar Leadership Fund 1 (the "Fund").
  • The successful first closing of the Fund is the next exciting chapter for Avatar as it delivers on its ambitious vision of building the new energy future.
  • Avatar Ventures is a wholly owned subsidiary of Avatar Innovations.
  • "With the successful initial closing of the Avatar Ventures Leadership Fund I, we are poised to accelerate the development of cutting-edge technologies and nurture emerging leaders at an unprecedented pace.