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.
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.
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