The plant—where steam is created, water is processed, and bitumen is diluted and prepared to go for further processing—at the Cenovus Christina Lake oilsands facility southeast of Fort McMurray, Alta., on April, 24, 2024. The Canadian Press/Amber Bracken
Oilsands giant Cenovus Energy Inc. has completed its takeover of MEG Energy Corp.
The two companies had neighbouring properties in the oilsands at Christina Lake, south of Fort McMurray, Alta. With the purchase, Cenovus gets another 110,000 barrels a day of production from what had been MEG’s flagship operation.
