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2021 budget to achieve nearly $1 billion of synergies in first year
Cenovus Energy IncJanuary 28, 2021 GMT
CALGARY, Alberta, Jan. 28, 2021 (GLOBE NEWSWIRE) Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has delivered a disciplined 2021 capital budget focused on maintaining safe and reliable operations while positioning the company to drive enhanced shareholder value. The budget includes sustaining capital of approximately $2.1 billion to deliver upstream production of approximately 755,000 barrels of oil equivalent per day (BOE/d) and downstream throughput of approximately 525,000 barrels per day (bbls/d).
The budget anticipates Cenovus achieving nearly $1 billion of synergies in 2021 as a result of its recent transaction with Husky Energy, putting the company firmly on track to reach its planned $1.2 billion in annual run-rate synergies by the end of 2021. The budget also includes $520 m
Agriculture
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January 5, 2021
Environmental organizations filed a complaint in the District Court for the District of Columbia on Monday against Andrew Wheeler as Administrator of the Environmental Protection Agency (EPA) asking the court to rule that the defendant must respond to eight petitions the plaintiffs filed. The petitions asked the EPA to object to Clean Air Act permits issued by the Texas Commission on Environmental Quality (TCEQ), which the plaintiffs claimed would cause significant harm to the environment.
The plaintiffs purported that these eight permits authorize the “operation of a major source of air pollution” in Texas. They asked the district court for an order requiring Wheeler to perform his duty to grant or deny the petitions before the end of March 2021. The eight permits are used by various companies for the Waha Gas Plant, Port Arthur Refinery, Sandy Creek Energy Station, Borger Refinery, Galena Park Facility, Oak Grove Steam Electric St