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Cenovus announces pricing for cash tender offers

16 hours ago DieselGasoil Comments Off on Cenovus announces pricing for cash tender offers
CALGARY, Alberta, June 18, 2019 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has determined the pricing for the previously announced cash tender offers (the “Tender Offers”) for up to US$748,009,000 aggregate principal amount (the “Revised Maximum Amount”) of its 4.450% Notes due 2042, 5.200% Notes due 2043, 3.000% Notes due 2022, 4.250% Read More

Cenovus announces results of cash tender offers

1 day ago DieselGasoil Comments Off on Cenovus announces results of cash tender offers
CALGARY, Alberta, June 18, 2019 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) intends to repurchase US$748,009,000 aggregate principal amount (the “Revised Maximum Amount”) of its debt as the result of successful cash tender offers (the “Tender Offers”) for certain of its outstanding Notes (as defined below) announced on June 4, 2019. The repurchase Read More

Oil woes have Calgary landlords turning empty offices into apartments

1 week ago DieselGasoil Comments Off on Oil woes have Calgary landlords turning empty offices into apartments
By Kevin Orland on 6/10/2019 CALGARY (Bloomberg) –When the lease on an Alberta Health Services office in Calgary came due for renegotiation two years ago, the rental market was so bad that trying to keep the tenants wasn’t worth it. Instead, landlord Strategic Group took the unconventional step of letting the government agency leave and Read More

Cenovus announces cash tender offers for certain outstanding notes

2 weeks ago DieselGasoil Comments Off on Cenovus announces cash tender offers for certain outstanding notes
CALGARY, Alberta, June 04, 2019 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that it has commenced cash tender offers (the “Tender Offers”) for up to US$500 million aggregate principal amount (the “Maximum Amount”) of its 4.450% Notes due 2042, 5.200% Notes due 2043, 3.000% Notes due 2022, 4.250% Notes due Read More

Oil in Alberta jumps most this year as fires shut output

2 weeks ago DieselGasoil Comments Off on Oil in Alberta jumps most this year as fires shut output
By Sheela Tobben and Robert Tuttle on 6/3/2019 NEW YORK and CALGARY (Bloomberg) — Canadian heavy oil in Alberta surged the most since December after wildfires forced a second producer in the region to shut in some operations. On Thursday, Canadian Natural Resources Ltd. removed all 240 people working at its Pelican Lake and Woodenhouse Read More

Texas money reaches Canada’s oil patch as majors exit

3 weeks ago DieselGasoil Comments Off on Texas money reaches Canada’s oil patch as majors exit
By Robert Tuttle on 5/28/2019 CALGARY (Bloomberg) –Texas money is flowing into a small corner of Canada’s oil sands at a time when big international companies are pulling out. Rangeland Energy, based in the Houston suburb of Sugar Land, is building a 50,000-bpd, 53-mi pipeline in the Marten Hills area of the Athabasca oil sands Read More

Trudeau’s pipeline expansion gets boost from court ruling

4 weeks ago DieselGasoil Comments Off on Trudeau’s pipeline expansion gets boost from court ruling
By Natalie Obiko Pearson on 5/24/2019 Photo: Canada Prime Minister Justin Trudeau. VANCOUVER (Bloomberg) — Prime Minister Justin Trudeau’s bid to complete the controversial Trans Mountain pipeline expansion has received a British Columbia top appeals court ruling that states that the province doesn’t have the jurisdiction to restrict shipments of oil-sands crude. Premier John Horgan’s Read More

Canadian Senate committee passes 187 amendments to energy project bill

1 month ago DieselGasoil Comments Off on Canadian Senate committee passes 187 amendments to energy project bill
CALGARY, Alberta (Reuters) – A Canadian Senate committee has passed 187 amendments to an energy bill proposed by the Liberal government that would change how major projects like oil export pipelines are assessed. FILE PHOTO: Jason Kenney, leader of the United Conservative Party (UCP), meets as Alberta premier-designate with the media in front of the Read More

Cash-rich Canadian oil firms favor buybacks as other options narrow

1 month ago DieselGasoil Comments Off on Cash-rich Canadian oil firms favor buybacks as other options narrow
CALGARY, Alberta/WINNIPEG, Manitoba (Reuters) – Canadian oil producers are raking in the highest revenues in five years thanks to strong global oil prices and Alberta’s production cuts, but government intervention has hamstrung their spending abilities, encouraging many to buy back shares and pay down debt. FILE PHOTO: An oil pump jack pumps oil in a Read More

Oil sands work may do what curtailments haven’t: cut stocks

2 months ago DieselGasoil Comments Off on Oil sands work may do what curtailments haven’t: cut stocks
By Robert Tuttle on 4/30/2019 Photo: Syncrude. CALGARY (Bloomberg) — Maintenance at oil-sands mines may achieve what Alberta’s mandatory production curtailments have so far failed to accomplish: drain Western Canada’s storage tanks. Inventories in the region were 34 MMbbl the week before last, Richard Kruger, Imperial Oil Ltd.’s CEO, said in an earnings call Friday, Read More