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Cenovus Energy Q2 Net Profit Triples, July Production Exceeds 1 Million BOE/d

HK

Cenovus Energy Q2 Net Profit Triples, July Production Exceeds 1 Million BOE/d
HK

HK

Cenovus Energy Q2 Net Profit Triples, July Production Exceeds 1 Million BOE/d

2026-07-30 14:56 Last Updated At:14:56

Canadian energy giant Cenovus Energy Inc. has reported that its net profit for the second quarter of 2026 tripled year‑on‑year, while July production surpassed the 1 million barrels of oil equivalent per day mark.

Photo source: online image

Photo source: online image

Net profit for the second quarter surged to C$2.8 billion. At an analyst conference, CEO Jon McKenzie said the quarter marked the company's best-ever quarterly financial performance and noted that July production exceeded 1 million barrels of oil equivalent per day, a milestone for the company.

Cenovus now joins the ranks of energy producers with daily output exceeding 1 million barrels of oil equivalent, becoming only the second Canadian producer to reach that level. According to Bloomberg data, fewer than 20 companies worldwide, including industry giants Shell Plc. and Exxon Mobil, have achieved this production threshold.

Cenovus is making steady progress on several key growth projects. At the Christina Lake North project, two new steam boilers were installed ahead of schedule in the first quarter, with one expected to be operational by the end of the year. Well redevelopment is proceeding as planned, with production anticipated to increase in the second half of 2026.

The company’s first commercial diluent solvent‑assisted extraction project was approved in the first quarter and is expected to add 5,000 to 10,000 barrels per day by 2028. Drilling of the first well at the West White Rose project is progressing smoothly, and the project remains on track to begin production in the latter half of the third quarter.

Photo source: online image

Photo source: online image

FEHD issues Notice of Elimination of Vermin to Langham Place in Mong Kok

In response to media enquiries regarding the rodent sightings in Langham Place in Mong Kok, a spokesman for the Food and Environmental Hygiene Department (FEHD) said today (July 30) that the department has long attached great importance to the prevention and control of rodent infestation, and it will proactively follow up on any premises where poor hygiene conditions lead to such infestation.

Upon learning of the rodent sightings at the shopping centre concerned this morning, the FEHD immediately deployed staff to inspect its common areas and food premises. During the inspection, signs of rodent activity and holes in false ceilings were found, and a licensed food premises was found to have an improperly covered rubbish bin in its food room. These could not only make it easy for rodents to enter and exit, but also provide them with food sources and hiding spots. The situation was deemed unsatisfactory. The FEHD staff provided hygiene education and advice on rodent prevention and control measures to the shopping centre's management and staff, which include the implementation of effective pest control measures and reminders to maintain personal, food, and environmental hygiene at all times. The department learnt that the shopping centre concerned has already arranged for a pest control company to conduct thorough cleaning and strengthen anti-rodent measures.

The spokesman stressed that owners or occupiers of private premises (including indoor venues such as shopping centres) are responsible for clearing rodents within their premises. The persons in charge of private premises must earnestly fulfil their legal responsibilities and proactively implement effective rodent prevention and control measures.

In view of the inspection results today, the FEHD officers issued a Notice of Elimination of Vermin, in accordance with Section 47(1) of the Public Health and Municipal Services Ordinance (Cap. 132), requiring the property management of Langham Place in Mong Kok to take necessary steps to remove conditions conducive to rodent infestation by August 6, failing which prosecution may be instituted. Meanwhile, the FEHD staff also issued a verbal warning to the person in charge of the relevant food premises, requiring rectification of the irregularity.

The FEHD will continue to monitor the hygienic condition of Langham Place in Mong Kok and take appropriate actions to safeguard environmental hygiene and public health. If any premises is found with poor hygiene condition, mishandling of food or refuse, or possibly causing rodent infestation, the department will adopt appropriate enforcement actions depending on actual circumstances, in accordance with the Public Health and Municipal Services Ordinance (Cap. 132) and its subsidiary legislation, with a view to safeguarding public health.

The spokesman reiterated that the FEHD has always attached great importance to environmental hygiene, and rodent infestation is of particular concern. The department implements targeted anti-rodent measures across all districts and strengthens inspections and enforcement according to risk assessments to stringently combat irregularities that could lead to rodent infestation or affect public health, including actively inspecting private premises and issuing statutory Notice of Elimination of Vermin to relevant property managements or building owners.

As for Mong Kok District, the FEHD has issued 10 statutory Notices of Elimination of Vermin over the past six months, and has also issued 122 fixed penalty notices to individuals who violated cleansing regulations in the vicinity of the shopping centre. In addition to daily cleaning and anti-rodent work in public areas, the FEHD had stepped up cleaning and anti-rodent measures in public places near the shopping centre concerned, including increasing the number of mouse traps and bait boxes in nearby rear lanes, as well as increasing the frequency of cleaning and inspections in these areas to enhance the effectiveness of rodent control.

Rodent control requires the participation of all sectors of society, focusing on three aspects, namely food, harbourage, and passages: cutting off food sources, eliminating hiding places, and preventing entry into premises. Examples include properly storing food and kitchen waste, keeping premises clean inside and out, avoiding the accumulation of refuse, and promptly sealing holes and crevices in walls, doors, pipes, and other areas that could allow rodents to enter, so as to reduce the risk of rodent infestation.

The FEHD will continue to strengthen collaboration with various stakeholders and to raise public awareness of environmental hygiene through publicity and education, encouraging the adoption of good living habits to reduce rodent infestation risks at source.

Source: AI-found images

Source: AI-found images

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