Geomechanics.io

  • Free Tools
Sign UpLog In

    Geomechanics.io

    Geomechanics, Streamlined.

    © 2026 Geomechanics.io. All rights reserved.

    Geomechanics.io

    CMRR-ioGEODB-ioHYDROGEO-ioQCDB-ioFree Tools & CalculatorsBlogLatest Industry News

    Industries

    MiningConstructionTunnelling

    Company

    Terms of UsePrivacy PolicyLinkedIn
    Projects
    Op-Ed

    Cenovus chief on Canada’s oil competitiveness: project and capex signals for engineers

    May 7, 2026|

    Reviewed by Tom Sullivan

    Cenovus chief on Canada’s oil competitiveness: project and capex signals for engineers

    First reported on MINING.com

    30 Second Briefing

    Cenovus Energy CEO Jon McKenzie warns Canada is becoming uncompetitive for oil sands investment, citing lengthy approvals, higher operating costs and a proposed C$130/t industrial carbon tax that he says is unique globally and pushes capital to the US and Middle East. He notes only one new greenfield oil sands project has been approved and built since 2013 despite persistent global oil demand, arguing policy must support “filling a pipeline” with new developments. The warning comes as Cenovus posts Q1 net earnings of C$1.57 billion and record upstream output of 972,000 boe/d after acquiring MEG Energy.

    Technical Brief

    • McKenzie labels this industrial carbon levy “unique to Canada”, implying no equivalent charge in peer basins.
    • Alberta–federal negotiations on the tax follow a memorandum of understanding signed in the previous year.
    • Cenovus reported Q1 2026 net earnings of C$1.57 billion, nearly double year-on-year.
    • Upstream output reached a record ~972,000 boe/d in Q1, boosted by the MEG Energy acquisition.
    • Cenovus increased its quarterly dividend by 10%, signalling confidence in cash flow under current price deck.
    • Cenovus shares traded between C$38.84 and an all‑time high of C$42.01 during the week reported.

    Geotechnical Software for Modern Teams

    Centralise site data, logs, and lab results with GEODB-io, CMRR-io, and HYDROGEO-io.

    No credit card required.

    • Save and export unlimited calculations
    • Advanced data visualisation
    • Generate professional PDF reports
    • Cloud storage for all your projects

    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

    Related Articles

    NSW move to lift uranium ban: project pipeline and risk lens for engineers
    Policy
    1 day ago

    NSW move to lift uranium ban: project pipeline and risk lens for engineers

    A bill to repeal New South Wales’ 1986 prohibition on nuclear energy and uranium mining has passed the state’s Upper House and now moves to the Lower House for a final vote. Introduced by Libertarian Party MLC John Ruddick, the Uranium Mining and Nuclear Facilities (Prohibitions) Repeal Bill could open uranium exploration around historic prospects such as the Broken Hill region, dormant since the 1970s–80s. The Minerals Council of Australia notes countries representing about 70% of global GDP are now looking to nuclear power and Australian uranium for energy security and grid decarbonisation.

    NSW uranium decision: regulatory and design implications for project teams
    Policy
    2 days ago

    NSW uranium decision: regulatory and design implications for project teams

    The Uranium Mining and Nuclear Facilities (Prohibitions) Repeal Bill 2025 has passed the New South Wales Legislative Council, moving the state closer to lifting its long‑standing ban on uranium mining and nuclear facilities. The bill must still clear the Legislative Assembly before companies can advance exploration and project feasibility for uranium deposits previously sterilised by the prohibition. Any repeal would trigger new regulatory work on radiation protection, tailings storage design and long‑term groundwater monitoring frameworks specific to uranium operations in NSW.

    Chile critical minerals strategy: compliance and design notes for project teams
    Policy
    3 days ago

    Chile critical minerals strategy: compliance and design notes for project teams

    Chile’s Senate is reviewing a cross‑party bill to create a dedicated legal regime for critical minerals, adding standards for management, information, traceability and operational continuity across the full value chain without amending core mining laws. The draft defines critical minerals as lithium, cobalt, nickel, graphite, copper, rare earths, molybdenum, rhenium, antimony, selenium, silicon, tellurium and indium, all tied to batteries, electrification and solar technologies. For operators, the shift signals tighter oversight on processing and supply‑chain transparency rather than new concession rules.

    Related Industries & Products

    Mining

    Geotechnical software solutions for mining operations including CMRR analysis, hydrogeological testing, and data management.

    Construction

    Quality control software for construction companies with material testing, batch tracking, and compliance management.

    CMRR-io

    Streamline coal mine roof stability assessments with our cloud-based CMRR software featuring automated calculations, multi-scenario analysis, and collaborative workflows.

    HYDROGEO-io

    Comprehensive hydrogeological testing platform for managing, analysing, and reporting on packer tests, lugeon values, and hydraulic conductivity assessments.

    GEODB-io

    Centralised geotechnical data management solution for storing, accessing, and analysing all your site investigation and material testing data.

    AllGeotechnicalInfrastructureHazardsEnvironmental