Cenovus completes purchase of rail terminal

Cenovus Energy Inc. has completed the purchase of a crude-by-rail transloading facility in Bruderheim, Alta., from Canexus Corp. Both companies are based in Calgary.

Originally called North American Terminal Operations, the facility, about 50 km northeast of Edmonton, has been renamed Bruderheim Energy Terminal.

Cenovus began moving oil through the terminal last year and currently transports crude oil from its Foster Creek steam-assisted gravity drainage operation to Bruderheim via the Cold Lake pipeline. The terminal also has connections to the Access crude oil pipeline and links to the Canadian Pacific and Canadian National rail lines.

“The acquisition is part of Cenovus’s strategy to build a strong portfolio of transportation options to help maximize market access and capture global prices for its oil,” the company said.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...