Post Tagged with: "Suncor Energy"

Source: Reuters

Suncor Energy boosts oil sands production with $1.5 billion TotalEnergies Canada acquisition

World Oil


(WO) – Suncor Energy has agreed to purchase TotalEnergies EP Canada Ltd., which holds a 31.23% working interest in the Fort Hills oil sands mining project (Fort Hills) for $1.468 billion. The acquisition adds 61,000 bpd of net …

Suncor Energy responds to cyber security incident

Suncor Energy responds to cyber security incident

BOE  Report


Calgary, Alberta–(Newsfile Corp. – June 25, 2023) – Suncor (TSX: SU) (NYSE: SU) has experienced a cyber security incident. The company is taking measures and working with third-party experts to investigate and resolve the …

Source: Reuters

Suncor Energy’s new CEO aims to cut costs, simplify operations after accidents

Nasdaq


WINNIPEG, Manitoba – The new CEO at Suncor Energy Inc SU.TO, Canada’s second-biggest oil producer that has been dogged by safety and operational problems, said on Tuesday that he would look to cut costs, improve efficiency and simplify …

Source: Reuters

Suncor Energy to acquire TotalEnergies’ Canadian operations, including Fort Hills oil sands project

World Oil


(WO) – Suncor Energy has agreed to purchase TotalEnergies’ Canadian operations through the acquisition of TotalEnergies EP Canada Ltd., which holds a 31.23% working interest in the Fort Hills oil sands mining project (Fort Hills) and a 50% …

Source: Reuters

Scotiabank says Suncor Energy’s challenges will need time to fix even with new CEO

BOE Report


Scotiabank downgrades Canada’s Suncor Energy Inc to “sector perform” from “sector outperform.”

 

Brokerage says new CEO Rich Kruger will have a fresh approach to some of SU’s operational issues over the past few years but “there is …

Source: Reuters

Suncor gives Elliott more time to add another director to board

Nasdaq


Canada’s Suncor Energy Inc SU.TO said on Friday it has amended an agreement with Elliott Investment Management to give the activist investor more time until March 31 to appoint an additional director to the energy company’s board.

Elliott has …

Source: Reuters

Suncor Energy interim CEO sees mandate for change after safety problems

Nasdaq


The interim chief executive of Canada’s Suncor Energy SU.TO said on Friday that he has a mandate to make changes to improve the oil-producing company’s poor safety and operating performance, even as its board looks for a permanent CEO.…

Source: Reuters

Suncor Energy enters into agreement with Elliott Investment Management

Oil and Gas 360


Calgary, Alberta  – Suncor (TSX: SU) (NYSE: SU) today announced that it has entered into an agreement with Elliott Investment Management L.P. (together with its affiliates “Elliott”), pursuant to which Suncor’s Board …

Source: World Oil

Suncor Energy replacing CEO after oil sands mine fatality

World Oil


(Bloomberg) — Suncor Energy Inc.’s chief executive officer stepped down on Friday after a series of fatalities at the company’s oil sands sites shook confidence in its management.

Mark Little agreed to leave as president and CEO and …

Source: Reuters

Suncor Energy aims for net-zero emission target by 2050

Reuters


Canada’s Suncor Energy (SU.TO) will partner with utility ATCO Ltd (ACOx.TO) to develop a clean hydrogen project near Fort Saskatchewan, Alberta, in one of the most significant steps taken by an oil sands producer to cut greenhouse gas emissions.…

Source: Reuters

EnerCom Dallas Presenter Update: Suncor Energy to accelerate decarbonization with carbon capture technology.

Oil and Gas 360


ESG Takes Center Stage at The EnerCom Dallas Energy Investment & ESG Conference April 6-7

Editor’s Note: Suncor Energy (NYSE: SU) is Canada’s leading integrated energy company working together with stakeholders to responsibly supply the energy …

People on the move: Lorraine Mitchelmore joins Suncor Energy Board

People on the move: Lorraine Mitchelmore joins Suncor Energy Board

Suncor Energy announces Lorraine Mitchelmore to join Board of Directors

People on the move: Lorraine Mitchelmore joins Suncor Energy Board - oil and gas 360

Suncor today announced the appointment of Lorraine Mitchelmore to the company’s board of directors.  Ms. Mitchelmore’s appointment is effective Nov. 6, 2019.

“I’m delighted that Lorraine is joining Suncor’s board …

Canadian Oil Companies See Output Cuts Easing as Rail Capacity Grows

Canadian Oil Companies See Output Cuts Easing as Rail Capacity Grows

From Reuters


Major Canadian oil companies, which publicly disagreed over the Alberta government’s forced curtailments this year, are in lockstep over how to end the production limits and reinvigorate the battered industry.

Senior executives from Suncor Energy, Canadian Natural Resources, …

Suncor Market Access Map

Suncor CEO to Retire, New Chief Executive Named

Suncor announces Steve Williams’ retirement and transition plan

November 14, 2018 - 11:30 pm Canada, Closing Bell Story‎, Oil Sands, People, Press Releases
Suncor Energy Switches on Production at Fort Hills

Suncor Energy Switches on Production at Fort Hills

Adds 194,000 barrel capacity

Suncor Energy Inc. (ticker: SU) will steadily ramp up its Fort Hills production following the safe startup of secondary extraction on January 27, 2018. Fort Hills, which is located 90 kilometers north of Fort McMurray, has …

ExxonMobil Starts Production Offshore Newfoundland/Labrador

ExxonMobil Starts Production Offshore Newfoundland/Labrador

Hebron field project expected to produce 150 MBOPD at peak

  • Project expects to produce up to 150,000 barrels of oil per day at peak
  • Project had more than 40 million hours without a lost-time injury
  • Project completed ahead of schedule
First Nations Complete Purchase of 49% Interest in Suncor’s East Tank Farm Development

First Nations Complete Purchase of 49% Interest in Suncor’s East Tank Farm Development

Suncor Energy Inc. (NYSE: SU), Fort McKay First Nation (FMFN), and Mikisew Cree First Nation (MCFN) announced today the completion of the acquisition by FMFN and MCFN of a 49% partnership in Suncor’s East Tank Farm Development for total proceeds …

US$4.5 Billion Deal Reached:  Suncor to Acquire Canadian Oil Sands

US$4.5 Billion Deal Reached: Suncor to Acquire Canadian Oil Sands

SU, COS Come to Terms on Sweetened Offer

After months of posturing and wrestling for shareholder approval, the boards of Suncor (ticker: SU) and Canadian Oil Sands (ticker: COS) have reached a merger agreement.

The joint announcement, released on January …

Canadian Oil Sands Fends off Suncor’s Hostile Bid… For Now

Canadian Oil Sands Fends off Suncor’s Hostile Bid… For Now

Suncor Extends Expiration Date after Unsuccessful Initial Attempt

Canadian Oil Sands (ticker: COS) gets its wish to remain an independent company – at least for the time being.

The hostile takeover attempt by Suncor (ticker: SU) failed to achieve the …

Suncor vs. Canadian Oil Sands: As Deadline Approaches, War of Words Heats Up

Suncor vs. Canadian Oil Sands: As Deadline Approaches, War of Words Heats Up

January 8 Deadline Looms in Suncor’s Hostile Takeover Attempt

Ernst & Young is one of many analyst firms expecting energy-related divestitures and stock-for-stock deals to rise in 2016, and one of the year’s first deals could involve Canadian Oil Sands …

Canadian Oil Sands Highlights Cost Efficiencies, Defends Strategy Behind Suncor Takeover Bid

Canadian Oil Sands Highlights Cost Efficiencies, Defends Strategy Behind Suncor Takeover Bid

CEO Kubik: An independent COS offers more upside to shareholders

(Editor’s note: all figures in Canadian dollars)

On December 1, 2015, Canadian Oil Sands (ticker: COS) issued a press release with an accompanying conference call detailing its 2016 budget and …

UPDATE: Canadian Oil Sands Board Rejects Suncor’s $5 Billion Hostile Takeover Attempt

UPDATE: Canadian Oil Sands Board Rejects Suncor’s $5 Billion Hostile Takeover Attempt

COS Counters SU Offer by Adopting Shareholder Rights Plan

The board of Canadian Oil Sands (ticker: COS) turned down a $5 billion offer from Suncor (ticker: SU) two days after its initial proposal, offering a shareholder rights program and providing …

Source: Energybc.ca

Suncor Energy to Acquire Additional 10% Working Interest in Oil Sands Project

Suncor Energy to acquire additional working interest in Fort Hills oil sands project

CALGARY, ALBERTA–(Marketwired – Sept. 21, 2015) – Suncor Energy today announced that it has agreed to purchase an additional 10 per cent working interest in the Fort …

September 21, 2015 - 5:08 pm Canada, Oil Sands
Suncor Energy Announces Q2 and Increased Dividend

Suncor Energy Announces Q2 and Increased Dividend

Suncor Energy announces Q2

Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued …

July 31, 2015 - 3:49 pm Canada