Cenovus Energy is a Canadian integrated oil company that specializes in the development of oil sands assets in northern Alberta, utilizing advanced techniques such as steam-assisted gravity drainage (SAGD) to extract oil. In addition to its oil sands operations, Cenovus produces conventional crude oil, natural gas liquids, and natural gas, primarily in Alberta, but also has upstream projects offshore in China and Indonesia. In 2022, the company reported an average net upstream production of 786 thousand barrels of oil equivalent per day. Cenovus also operates refining facilities in the United States and Canada, as well as commercial fuel operations throughout Canada, creating a comprehensive portfolio in both upstream and downstream segments of the energy sector.
Executive Vice President, Corporate and Operations Services
7 past transactions
Husky Energy
Acquisition in 2020
Husky Energy is one of Canada's largest integrated energy companies, headquartered in Calgary, Alberta. The company operates in various regions, including western Canada, the United States, and the Asia-Pacific and Atlantic areas. Husky Energy's operations are divided into upstream and downstream segments. The upstream portfolio encompasses light and medium crude, heavy crude, bitumen, natural gas liquids, and natural gas. The company's heavy oil and oil sands production are bolstered by integrated downstream and midstream value chains. In 2019, Husky's production averaged 290,000 barrels of oil equivalent per day, and it holds approximately 2.1 billion barrels of oil equivalent of proven and probable crude oil and natural gas reserves. Husky Energy emphasizes a balanced growth strategy characterized by disciplined financial management and a commitment to safe and reliable operations.
Hifi Engineering
Venture Round in 2014
HiFi Engineering Inc. is a Calgary-based company that specializes in the development of advanced fiber optic sensing systems, sensors, hardware, and visualization software tailored for downhole and pipeline applications. Founded in 2007, the company focuses on providing solutions for reservoir monitoring, well and pipeline integrity monitoring, and leak detection. Its product offerings include the HDS MiCro tool for downhole flow applications and the HDS MaCro system for permanent monitoring of pipelines and reservoirs. HiFi Engineering serves oil and gas service companies predominantly in North America and develops turnkey distributed fiber optic sensing platforms that encompass sensing cables, downhole tools, and various levels of acquisition and interpretation software. The company is supported by over 33 patents and maintains strategic partnerships with industry leaders, enhancing its capabilities in delivering high-quality data for its clients.
General Fusion
Series C in 2013
General Fusion Inc. is a Canadian company focused on the development of commercial Magnetized Target Fusion (MTF), a promising hybrid approach that combines elements of magnetic fusion and inertial confinement fusion. Founded in 2002 and based in Burnaby, the company aims to create utility-scale fusion power plants that can provide clean, safe, and abundant energy. General Fusion is pioneering a patent-pending concept that leverages advancements in MTF, which has seen limited exploration since the 1970s. The company is dedicated to demonstrating and commercializing this innovative energy solution by the end of the decade. It is supported by a network of global energy venture capital firms, industry leaders, and technology innovators, all working to reduce technical risks and accelerate the path to viable fusion energy.
Skyonic
Series C in 2013
Skyonic Corporation is an environmental technology company based in Austin, Texas, founded in 2005. The company specializes in the development of SkyMine, a patented technology that captures carbon dioxide emissions from industrial sources, such as cement plants, refineries, and steel mills, and transforms them into solid carbonate materials like sodium bicarbonate, hydrochloric acid, and limestone. This innovative process not only addresses climate change by mineralizing CO2 for long-term storage but also enables the production of usable materials that can be utilized in various industries, including construction and agriculture. Additionally, Skyonic offers services for the construction, installation, and maintenance of facilities that implement its carbon capture technology, allowing industrial plants to reduce their carbon footprint and convert greenhouse gases into valuable products.
Saltworks
Corporate Round in 2011
Saltworks Technologies Inc. is a water technology company based in Richmond, Canada, focused on the design, manufacture, and delivery of desalination and wastewater treatment plants. Founded in 2008, the company specializes in advanced solutions for treating challenging water conditions, offering turnkey crystallizer systems, ion exchange membrane products, and membrane-stack systems. Its product range includes ElectroChem Advanced Electrodialysis systems for industrial wastewater treatment, salt splitters for recovering scale-limited waters, ammonia splitters for ammonia removal, and the SaltMaker Evaporator Crystallizer for treating wastewater or brine. Saltworks provides comprehensive services encompassing process engineering, operation, and finance, serving various sectors such as ammonia treatment, landfill leachate, oil and gas, mining, and agriculture. With a global customer base, the company is committed to reducing brine volume, lowering disposal costs, and achieving zero liquid discharge through its innovative technologies.
General Fusion
Series B in 2011
General Fusion Inc. is a Canadian company focused on the development of commercial Magnetized Target Fusion (MTF), a promising hybrid approach that combines elements of magnetic fusion and inertial confinement fusion. Founded in 2002 and based in Burnaby, the company aims to create utility-scale fusion power plants that can provide clean, safe, and abundant energy. General Fusion is pioneering a patent-pending concept that leverages advancements in MTF, which has seen limited exploration since the 1970s. The company is dedicated to demonstrating and commercializing this innovative energy solution by the end of the decade. It is supported by a network of global energy venture capital firms, industry leaders, and technology innovators, all working to reduce technical risks and accelerate the path to viable fusion energy.
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