Cenovus CEO change, impact of Keystone shutdown and 2022 year end results
n announcing its year-end financials, Cenovus also announced a change in leadership. Alex Pourbaix, who has held the president and CEO position since 2017, will become executive chairman, and Jon McKenzie, the company’s current executive vice-president a chief operating officer, will become president and chief executive officer. These changes will take effect at the conclusion of the company’s annual general meeting (AGM) scheduled for April 26, 2023. At the AGM, McKenzie will be nominated for election to the Board of Directors
Decision on new Suncor CEO expected ‘very soon’
Suncor Energy Inc. did not announce the name of its new CEO on its fourth-quarter earnings call Wednesday, though interim chief executive Kris Smith said a decision is expected “very soon.”
The Calgary-based oil producer and refiner has been on the hunt for a new CEO ever since former chief executive Mark Little resigned last July, under pressure from an aggressive activist investor and in the wake of a spate of workplace deaths and safety incidents.
Rush Lake and Spruce Lake top producers in Saskatchewan’s heavy oil territory
BlincSoftware’s Canadian Petroleum Registry, found at https://registry.schematic.pro/, recently posted the Top 10 SAGD/Bitumen Wells for Saskatchewan in December, 2022.
The top 10 wells of that type were swept by Cenovus Energy, with their Rush and Spruce Lake SAGD properties.
Alaska carbon plan: Boost state coffers without cutting oil
By Becky Bohrer in Juneau JUNEAU, Alaska (AP) — Oil-dependent Alaska has long sought ways to fatten its coffers and move away from the fiscal whiplash of oil’s boom-and-bust cycles. The newest idea, promoted by Republican Gov. Mike Dunleavy, would...
Poilievre pledges to “turn dollars for dictators into paychecks for our people right here,” using LNG to supply Asia and Europe
Poilievre: “When I’m prime minister, I will repeal C-69, the anti-energy law. I’ll clear the way for our mines, our resources and our natural gas export terminals. We will liquefy natural gas in Canada. We will ship it to Asia to shut down dirty coal fired plants and replace them with clean Canadian gas. And we will ship it to Europe, to displace Vladimir Putin and turn dollars for dictators into paychecks for our people right here in this country. Let’s bring it home.”
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