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Keyera, Chevron sign long-term midstream agreement

Keyera, Chevron sign long-term midstream agreement

Keyera Corp. has entered into a 20-year midstream agreement with Chevron Canada Limited to fractionate and handle natural gas liquids from Chevron's Kaybob Duvernay operations near Fox Creek, Alberta. The Agreement includes an area of dedication that is in excess of 230,000 gross operated acres and also includes take-or-pay commitments. Under the terms of the Agreement, Chevron will deliver approximately 50% of its natural gas liquids from the area of dedication to Keyera for fractionation, storage and terminalling services on a fee-for-service basis.

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Cenovus to sell Suffield assets for $512 million

Cenovus to sell Suffield assets for $512 million

Cenovus Energy Inc. has entered into a definitive agreement to sell its Suffield crude oil and natural gas operations in southern Alberta to International Petroleum Corporation for gross cash proceeds of $512 million. The parties have also agreed to a deferred purchase price adjustment that gives Cenovus the opportunity to benefit from potential additional payments of up to $36 million. The sale of the Suffield assets, which include Cenovus's properties on Canadian Forces Base Suffield and the adjacent Alderson property, is expected to close in the fourth quarter, subject to closing conditions.

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Quebec releases draft of proposed oil and gas regulations

Quebec releases draft of proposed oil and gas regulations

Quebec's Ministry of Energy and Natural Resources has published its proposed regulations to govern oil and gas activities within the province. The draft regulations are required for the implementation of the Petroleum Resources Act, which was enacted as a result of the adoption of Bill 106, An Act to Implement the 2030 Energy Policy and to Amend Various Legislative Provisions in December 2016.

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Hangingstone officially opens with ribbon cutting ceremony

Premier Rachel Notley cuts the ribbon to mark the official opening of the Japan Canada Oil Sands Ltd. (JACOS) Hangingstone project near Fort McMurray.

Alberta Premier Rachel Notley, representatives from Japan and local officials have marked the opening of the Japan Canada Oil Sands Ltd. (JACOS) Hangingstone project near Fort McMurray.

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Cenovus on Dow Jones Sustainability index for eighth year

Cenovus on Dow Jones Sustainability index for eighth year

Cenovus Energy Inc. has been recognized once again for its corporate responsibility performance. The company has been included in the Dow Jones Sustainability North America Index for the eighth consecutive year. Cenovus is one of only two Canadian oil and gas producers to make the index this year. Areas where the company scored well include stakeholder engagement, environmental reporting, water management, social reporting, risk and crisis management, biodiversity, corporate citizenship and philanthropy, climate strategy and corporate governance.

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