Canada’s Cenovus Energy To Boost 2026 Oil Production ...Middle East

Cenovus Energy expects its upstream production to rise by about 4% in 2026 compared to this year as it is completing new projects and adding assets of MEG Energy, which it recently acquired.  Cenovus Energy’s 2026 capital budget released on Thursday showed that the Canadian major sees its upstream production at between 945,000 barrels of oil equivalent per day (boe/d) and 985,000 boe/d next year, up by about 4% from 2025, adjusted for the acquisition of MEG Energy Corp.   Of the volumes expected next year, oil sands output…

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