Brian Zinchuk is editor and owner of Pipeline Online
Cenovus’ Toledo Refinery. Cenovus
CALGARY — Cenovus Energy Inc. announced on Feb. 28 that it has closed on the transaction to purchase bp’s 50 per cent interest in the bp-Husky Toledo Refinery in Ohio, effective that day.
Cenovus already owned 50 per cent of the facility, and now owns 100 per cent and assumes operatorship. Total consideration for the sale is approximately US$370 million after closing adjustments, including working capital. Cenovus and bp will also enter into a multi-year product supply agreement.
The Toledo Refinery has 160,000 barrels per day (bpd) of throughput capacity, including about 90,000 bpd of heavy oil capacity, and increases Cenovus’s total downstream refining capacity to about 740,000 bpd. Cenovus said it expects the refinery will ramp to full rates by mid-second quarter.
Cenovus’ numerous refining and upgrading facilities include the Lloydminster Upgrader, Lloydminster Refinery, Lima Refinery, Superior Refinery and Toledo Refinery. The Superior Refinery suffered a major fire in 2018, and only now is it close to resuming operations in the coming months after a significant rebuild.
- 0135 SASPO-2988_Self serve_2026_YouTube0135 SASPO-2988_Self serve_2026_YouTube
- 0121 Ministry of Energy and Resources April 20260121 Ministry of Energy and Resources April 2026
- 0134 SASPO-2956_ Safety 20260134 SASPO-2956_ Safety 2026
- 0133 LC Trucking hiring Class 1A Payden0133 LC Trucking hiring Class 1A Payden
- 0132 UMWA 20260132 UMWA 2026
- 0129 Turnbull drivers operators0129 Turnbull drivers operators
- 0128 OSY Rentals updated0128 OSY Rentals updated
- 0126 Steel_Reef_Promo_0126 Steel_Reef_Promo_
- 0118 IBEW 30 sec0118 IBEW 30 sec
- 0114 Prospera Bold Vision0114 Prospera Bold Vision
- 0113 Miller Epic Cinematic Hollywood trailer0113 Miller Epic Cinematic Hollywood trailer
- 0102 Lori Carr Coal Extended0102 Lori Carr Coal Extended
- 0099 Mryglod Steel 1080p0099 Mryglod Steel 1080p
- 0095 Fast Trucking nearly 70 years good at it0095 Fast Trucking nearly 70 years good at it
- 0046 City of Estevan This is Estevan Teaser0046 City of Estevan This is Estevan Teaser
- 0077 Caprice Resources Stand Up For Free Speech0077 Caprice Resources Stand Up For Free Speech
- 0061 SIMSA 2024 For Sask Buy Sask0061 SIMSA 2024 For Sask Buy Sask
- 0051 JML Hiring Pumpjack assembly0051 JML Hiring Pumpjack assembly
- 0049 Scotsburn Dental soft guitar0049 Scotsburn Dental soft guitar
- 0032 IWS Summer hiring rock trailer music
- 0022 Grimes winter hiring
- 0018 IWS Hiring Royal Summer
- 0013 Panther Drilling PO ad 03 top drive rigs
- 0002 gilliss casing services0002 gilliss casing services
- 9002 Pipeline Online 30 sec EBEX9002 Pipeline Online 30 sec EBEX
- 9001