Latest news with #ChristinaLake
Reuters
2 days ago
- Business
- Reuters
How Canada's wildfires are affecting oil supply
CALGARY, Alberta, June 3 (Reuters) - Wildfires burning in Canada's oil-producing province of Alberta have reduced the country's daily crude production by about 7%. Here is a tally of affected oil production sites so far: CENOVUS ENERGY - CHRISTINA LAKE SITE: Oil sands producer Cenovus ( opens new tab evacuated non-essential workers from its Christina Lake site south of Fort McMurray, Alberta on May 29 and began shutting in approximately 238,000 barrels per day of production. The company said it is not aware of any damage to its infrastructure and expects a full restart of the site in the near term. CANADIAN NATURAL RESOURCES ( opens new tab - JACKFISH LAKE: Canada's largest oil and gas producer said on May 31 it had evacuated workers from its Jackfish 1 thermal in situ operations south of Fort McMurray, Alberta and completed the safe, temporary shut-in of approximately 36,500 bpd of bitumen production. MEG ENERGY - CHRISTINA LAKE REGIONAL PROJECT: Oil sands company MEG ( opens new tab said on May 31 it had evacuated non-essential personnel from its Christina Lake regional project site south of Fort McMurray. The company said the wildfire damaged a power line connecting the project to Alberta's electricity grid, which was delaying the planned startup of MEG's phase 2B operations. They represent approximately 70,000 bpd of production.
CBC
3 days ago
- Business
- CBC
Cenovus shuts in oilsands production at northern Alberta site due to wildfires
Cenovus Energy Inc. says only essential personnel are at its Christina Lake oilsands operations where it has shut production due to the wildfires in northern Alberta. The company says it began the work to shut in production at Christina Lake on May 29. The heavy oil operation is about 150 kilometres southeast of Fort McMurray. A fire nearby has put the roughly 200 residents of the hamlet of Conklin under evacuation alert. As of Monday, the fire — known as the Caribou Lake wildfire — continued to burn out of control and had consumed more than 61,550 hectares of forest. The fire is among more than 50 burning across the province. As of 7 a.m. Monday, 26 are classified as out of control. Based on its inspections so far, Cenovus says it is not aware of any damage to its infrastructure and expects a full restart of its Christina Lake operations once it is safe. About 238,000 barrels per day of production have been impacted. It says it will provide an update when it's in a position to restart. The company said operations will resume as soon as it's safe to do so. Thousands of residents have been affected by wildfires in Manitoba, Saskatchewan and Alberta prompted by hot, dry weather that have allowed some fires to grow.
CTV News
3 days ago
- Business
- CTV News
Cenovus shuts in oilsands production at Christina Lake operations due to wildfires
Cenovus Energy logos are on display at the Global Energy Show in Calgary, Alta., Tuesday, June 7, 2022. THE CANADIAN PRESS/Jeff McIntosh CALGARY — Cenovus Energy Inc. says only essential personnel are at its Christina Lake oilsands operations where it has shut production due to the wildfires in northern Alberta. The company says it began the work to shut in production at Christina Lake on May 29. Based on its inspections so far, Cenovus says it is not aware of any damage to its infrastructure and expects a full restart of its Christina Lake operations once it is safe. About 238,000 barrels per day of production have been impacted. It says it will provide an update when it's in a position to restart. Thousands of residents have been affected by wildfires in Manitoba, Saskatchewan and Alberta prompted by hot, dry weather that have allowed some fires to grow. This report by The Canadian Press was first published June 2, 2025.
Yahoo
3 days ago
- Business
- Yahoo
Cenovus Energy provides operations update on impact of Alberta wildfires
CALGARY, Alberta, June 01, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is providing an update on its Oil Sands operations following ongoing wildfire activity in northern Alberta. Cenovus is focused on the safety of its people and the integrity of its assets, and all staff are safe. Based on the inspections the company has completed to date, it is not aware of any damage to its infrastructure and would anticipate a full restart of Christina Lake operations in the near term. As a precaution, currently only essential personnel are at the Christina Lake oil sands asset, where the company began safely and methodically shutting in production on May 29. Operations will resume as soon as it's safe to do so. Approximately 238,000 barrels per day of production have been impacted, and the company will provide an update when it is in a position to restart. Cenovus is closely monitoring the overall wildfire situation in Alberta. The company is grateful for the efforts of its teams who are working tirelessly to keep the company's people and assets safe, and for the provincial emergency management teams and firefighters keeping communities safe. AdvisoryForward-looking InformationThis news release contains certain forward-looking statements and forward-looking information (collectively referred to as 'forward-looking information') about Cenovus's current expectations, estimates and projections about the future, based on certain assumptions made in light of experience and perception of historical trends. Forward-looking information in this news release is identified by words such as 'focus', 'anticipate' and 'will' or similar expressions, including, but not limited to, statements about: safety; asset integrity; production impacts; and resumption of operations. Except as required by applicable securities laws, Cenovus disclaims any intention or obligation to publicly update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned that the foregoing lists are not exhaustive and are made as at the date hereof. Events or circumstances could cause actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward‐looking information. For additional information regarding Cenovus's material risk factors, the assumptions made, and risks and uncertainties which could cause actual results to differ from the anticipated results, refer to 'Risk Management and Risk Factors' and 'Advisory' in Cenovus's Management's Discussion and Analysis for the periods ended December 31, 2024 and March 31, 2025 and to the risk factors, assumptions and uncertainties described in other documents Cenovus files from time to time with securities regulatory authorities in Canada (available on SEDAR+ at on EDGAR at and Cenovus's website at Cenovus Energy 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. The company is committed to maximizing value by developing its assets in a safe, responsible and cost-efficient manner, integrating environmental, social and governance considerations into its business plans. 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. For more information, visit Find Cenovus on Facebook, X, LinkedIn, YouTube and Instagram. Cenovus contacts Investors Media Investor Relations general line403-766-7711 Media Relations general line403-766-7751Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Cenovus Energy provides operations update on impact of Alberta wildfires
CALGARY, Alberta, June 01, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is providing an update on its Oil Sands operations following ongoing wildfire activity in northern Alberta. Cenovus is focused on the safety of its people and the integrity of its assets, and all staff are safe. Based on the inspections the company has completed to date, it is not aware of any damage to its infrastructure and would anticipate a full restart of Christina Lake operations in the near term. As a precaution, currently only essential personnel are at the Christina Lake oil sands asset, where the company began safely and methodically shutting in production on May 29. Operations will resume as soon as it's safe to do so. Approximately 238,000 barrels per day of production have been impacted, and the company will provide an update when it is in a position to restart. Cenovus is closely monitoring the overall wildfire situation in Alberta. The company is grateful for the efforts of its teams who are working tirelessly to keep the company's people and assets safe, and for the provincial emergency management teams and firefighters keeping communities safe. AdvisoryForward-looking InformationThis news release contains certain forward-looking statements and forward-looking information (collectively referred to as 'forward-looking information') about Cenovus's current expectations, estimates and projections about the future, based on certain assumptions made in light of experience and perception of historical trends. Forward-looking information in this news release is identified by words such as 'focus', 'anticipate' and 'will' or similar expressions, including, but not limited to, statements about: safety; asset integrity; production impacts; and resumption of operations. Except as required by applicable securities laws, Cenovus disclaims any intention or obligation to publicly update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned that the foregoing lists are not exhaustive and are made as at the date hereof. Events or circumstances could cause actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward‐looking information. For additional information regarding Cenovus's material risk factors, the assumptions made, and risks and uncertainties which could cause actual results to differ from the anticipated results, refer to 'Risk Management and Risk Factors' and 'Advisory' in Cenovus's Management's Discussion and Analysis for the periods ended December 31, 2024 and March 31, 2025 and to the risk factors, assumptions and uncertainties described in other documents Cenovus files from time to time with securities regulatory authorities in Canada (available on SEDAR+ at on EDGAR at and Cenovus's website at Cenovus Energy 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. The company is committed to maximizing value by developing its assets in a safe, responsible and cost-efficient manner, integrating environmental, social and governance considerations into its business plans. 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. For more information, visit Find Cenovus on Facebook, X, LinkedIn, YouTube and Instagram. Cenovus contacts Investors Media Investor Relations general line403-766-7711 Media Relations general line403-766-7751
