Cenovus Energy

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.

Jeff Hart

Executive Vice President and CFO

Past deals in Alberta

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. specializes in the development of advanced fiber optic sensing systems, hardware, and visualization software designed for downhole and pipeline applications. Founded in 2007 and headquartered in Calgary, Canada, the company offers a range of products, including its HDS MiCro tool for downhole flow monitoring and the HDS MaCro system for permanent pipeline and reservoir monitoring. HiFi Engineering’s systems are tailored for oil and gas service companies in North America, focusing on critical applications such as reservoir monitoring, well integrity assessment, and leak detection. The company’s technology is supported by over 33 patents, showcasing its commitment to innovation in the field. With a team of experienced electrical and software engineers, HiFi Engineering emphasizes the delivery of high-quality data through its cutting-edge sensing technology and software platforms.
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