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As Canadian oilsands production has rebounded and even climbed above pre-pandemic levels, another area of the industry is also picking up steam: crude-by-rail shipments.
Cenovus Energy reported Tuesday that after suspending all such shipments earlier last year — following the pandemic and an historic oil-price collapse — it exited December transporting almost 28,000 barrels of oil per day (bpd) by train.
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Varcoe: Crude-by-rail stages comeback as oilsands production recovers — and grows Back to video
The Calgary-based company also moved another 10,000 bpd for other companies through its facilities, Cenovus said in its fourth-quarter earnings report.