Alfa Laval - Cenovus capital budget %24 increase

2016-12-08 Product news

Canada's Cenovus To Raise 2017 Capital Budget By 24%

Canadian oil producer Cenovus Energy Inc said on Thursday it planned to increase its 2017 capital budget by about 24 percent.

This article is relevant to Alfa Laval's systems used by the energy and resources industries. Industrial water decanters for oil production and heat exchangers for oil refining

Read full article on Rigzone

Cenovus also said it expected 2017 oil production to rise 14 percent to 223,000-240,000 barrels per day (bpd), while oil sands production is estimated to increase by 20 percent to 172,000-184,000 bpd.

Read full article on Rigzone

Other oil producers project declines in spending. In March, Chevron pledged to slash its capital budget by as much as 36 percent in 2017 and 2018, in a bid to preserve its historic dividend during the downturn.

Tags

All
Alberta oil sands decanters 640x360