Suncor Energy will cut 10% to 15% of its workforce over next 18 months
Cuts are to be made across the entire organization; will also affect Suncor’s contracted workers.
Suncor Energy facing environmental charges for refinery incident
Related to contravening a term or condition of an approval relating to a July 2018 incident.
Suncor cuts $1.5B from budget to cope with low oil prices, virus impact
Cuts follow billions in spending reductions by other major oil sands players.
Suncor invests $1.4B in cogeneration units at Oil Sands Base Plant
Will provide steam generation required for Suncor’s extraction and upgrading operations.
Suncor posts $2.73B income on Alberta tax recovery, higher oil output
Earnings were buoyed by a one-time deferred tax recovery of $1.12 billion associated with corporate income tax rate cut of 1%.
Oil curtailment mistakes spawn costly Alberta rail plan: Husky execs
Punishes companies like Husky that have made investments in refineries and pipeline capacity, rewards those that have not.
Fort Hills oil sands tailings plan OK but AER orders demonstration
Suncor Energy proposes to chemically treat its tailings, concentrate them all in a single deposit by 2073.
Suncor Energy reports lower net earnings in Q1
Weather outage cuts into oil sands output; operations returned to normal by the end of February.