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.
Suncor files for approval of 160,000 bpd Lewis thermal oil sands project
Company says construction on its first phase may begin in 2024.
Suncor to meet 2017 production targets despite Syncrude upgrader fire
Fire burned for two days and injured one employee.
Buffett’s Berkshire Hathaway sells Suncor Energy stake
Holding company held about 22.3 million shares in Suncor as of June 30.
Suncor Energy restarting Wood Buffalo operations
Employees and contractors are moving back in to the area.
Suncor to improve climate change risk, lobbying disclosure
Energy producer says it will provide information about how it expects “to succeed in a low carbon future.”
Suncor to boost 2016 spending by up to $900M
Oil sands producer aims to spend between $6.7 billion and $7.3 billion next year.
Suncor bids to take over Canadian Oil Sands for $4.3B
Offer would give Canadian Oil Sands shareholders a stake in Canada’s largest integrated energy company.
Companies increasingly putting price on carbon to mitigate risks
Study finds the number of companies factoring carbon pricing in their finances has tripled since last year.
Suncor taking 10% Fort Hills stake off Total for $310M
Total E&P Canada Ltd. retains a 29.2% interest in the $15 billion oil sands project.
Crude oil production lowest in two years: report
“Perfect storm” of events cut average production to 3.98 million barrels of oil a day in May.
Suncor cutting 1,000 jobs, taking $1B out of 2015 budget
Job cuts will mainly affect contractors, oil sands giant says.
Ottawa demands NAFTA body drop oil sands tailings investigation
Environment Canada says the CEC is acting “contrary to its authority.”
Oil sands buyers importing parts: Conference Board
Manufacturers are missing out on orders worth billions of dollars that are currently imported from overseas
Shell to move ahead with Carmon Creek thermal oilsands project
Steam-driven project in Peace River will produce up to 80,000 barrels of oil per day.
Suncor reports diesel fuel shortage in Western Canada
Energy giant says shortage is affecting its Petro-Pass commercial customers, which are mostly truckers and farmers.
Suncor pipe discharge toxic to fish, tests say
Metals including selenium, boron and arsenic found at twice the recommended levels.
Suncor sells most of its Canadian conventional energy assets
Centrica, Qatar Petroleum to buy natural gas crude oil in three provinces.
Suncor ordered to fix toxic treatment pond by end of April
Toxicity in Suncor wastewater pond found to exceed allowable limits.
Corporations put low tax bounty in the bank: CLC
Report pegs tax freedom day for businesses is Jan 30.
Prices dropping, expect capital cuts in the oilpatch
Canadian producers whacked by the double-discount on crude.
National conference focuses on skill trades
Join the conversation on building skilled talent across Canada by participating in the Canadian Apprenticeship Forum’s national conference in Regina June 3 to 5.
Canadian Oil Sands to spend $1.46B on Syncrude
Canadian Oil Sands Ltd. expects to spend $1.46 billion on its stake in the Syncrude oil project in 2012 as it boosts production at the operations.
Enbridge spending $200M on Athabasca expansion
Enbridge Inc. is spending $200 million to further expand a regional pipeline system serving the oil sands, as producers pour more and more investment into new projects.
Suncor tallying higher Petro-Canada savings
Suncor Energy Inc. expects cost-savings from its merger with Petro-Canada to dramatically exceed what it predicted when the blockbuster deal closed about 15 months ago.