Cenovus Energy has filed a facility amendment for its Fisher Field processing facility near Bonnyville that includes adding significant electric compression capacity to support higher gas handling and production throughput. The upgrade aligns with Cenovus’ broader strategy to grow output from Foster Creek, where recent optimization projects have already increased production by about 30,000 barrels per day, with additional efficiency gains expected from a new sulphur recovery project coming online in 2026.

Cenovus Energy has applied for a permit to build a small sweet gas compressor station in the Sinclair field near Grande Prairie, Alberta, designed to handle about 65,000 m³/day of gas and support local gathering infrastructure. The project likely reflects a low-cost strategy to optimize legacy assets acquired from Husky Energy, helping maintain production from mature wells and potentially support nearby Montney development by operators such as Advantage Energy.

Cenovus Energy (CVE) is exploring a potential sale of its conventional oil and gas assets in Alberta’s Deep Basin, according to a recent Reuters report, as the company looks to reduce debt following its acquisition of MEG Energy.

Cenovus Energy has released its 2026 capital budget and corporate guidance, and the message is unmistakable:
The growth phase is complete—now comes disciplined execution, volume optimization, and integrated value capture across one of the strongest upstream/downstream portfolios in North America.

Cenovus Energy Inc. emerged as the top driller in Western Canada during Q1 2025, maintaining robust activity levels across its oil sands and conventional heavy oil assets. The company recorded 266 drilling operations in Q1 2025, marking a 9% increase from 244 in Q1 2024 Oil Gas Leads.​

Cenovus achieved industry-leading steam-to-oil ratio (SOR) efficiencies, with Christina Lake at ~2.1 and Foster Creek at ~2.3, significantly lower than the industry average (~3.0+), reducing fuel costs and increasing production. These efficiencies contributed to record Oil Sands production (628,500 BOE/d in Q4 2024) by maximizing bitumen recovery while minimizing steam usage and operating expenses.

Cenovus Energy and Immigrant Services Calgary (ISC) today announced a three-year strategic partnership to support immigrants and refugees in Calgary. Cenovus will invest $450,000 over three years to support ISC in providing settlement programs and services to newcomers to help them succeed and contribute to the socio-economic landscape of Calgary and Alberta.

CALGARY – Cenovus Energy Inc. tripled its dividend as it reported a first-quarter profit of $1.6 billion. The company says its base dividend will increase to 42 cents per share from 14 cents a year and will continue to be declared and paid quarterly. Cenovus says it will also return…