Cenovus Energy to restart work on stalled offshore oil project in Newfoundland | Globalnews.ca

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Cenovus Energy to restart work on stalled offshore oil project in Newfoundland

Cenovus president Alex Pourbaix says the joint owners of the West White Rose development have worked to minimize the risk involved in continuing the project.

Cenovus, formerly Husky Energy, announced it was reconsidering the future of the West White Rose project in September 2020, following a crash in global oil prices.The company said at the time it was reviewing its operations in the province, prompting anxieties it would abandon operations in the White Rose oilfield altogether.

 

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