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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 â following the pandemic and an historic oil-price collapse â it exited December transporting almost 28,000 barrels of oil per day (bpd) by train.
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Try refreshing your browser, or Varcoe: Crude-by-rail stages comeback as oilsands production recovers â 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.
Article content
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.
We apologize, but this video has failed to load.
Try refreshing your browser, or 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.