Post Tagged with: "Suncor"

Source: Reuters

Canada regulator shuts down Suncor offshore oil site over failed pump

Reuters


The oil regulator for the Atlantic Canadian province of Newfoundland and Labrador has ordered Suncor Energy’s (SU.TO) offshore Terra Nova site to shut down, finding the company’s fire water pump system was non-compliant.

Terra Nova, operating in …

December 20, 2019 - 1:30 pm Canada News, Closing Bell Story‎, Energy News
Suncor CEO Urges Alberta To Find Way Out of Oil Curtailments

Suncor CEO Urges Alberta To Find Way Out of Oil Curtailments

From Reuters

The outgoing chief executive of Canada’s Suncor Energy on Thursday urged the new Alberta government to find a way out of mandatory oil production curtailments that were imposed this year to help boost crude prices.

The CEO, Steve …

April 26, 2019 - 5:13 pm Canada, Closing Bell Story‎, Crude Oil News, Energy News
Canadian Crude Exports by Rail Uneconomic Amid Output Cuts: Suncor Executive

Canadian Crude Exports by Rail Uneconomic Amid Output Cuts: Suncor Executive

From Reuters

Canada’s mandated oil production cuts are preventing Suncor Energy Inc, one of Canada’s biggest oil producers, from sending its heavy crude to the U.S. Gulf Coast by rail, a company official said in an interview on Tuesday.

The …

March 12, 2019 - 4:41 pm Canada, Closing Bell Story‎, Crude Oil News, Energy News
A hydraulic shovel places overburden in a haul truck at the Fort Hills site.

Courtesy of Suncor

Buffett’s Suncor Bet to Revive Investor Interest in Canadian Energy

From Reuters

Berkshire Hathaway Inc’s re-investment in Suncor Energy Inc highlights the benefits of being an integrated oil company and could revive investor interest in the languishing Canadian energy sector, fund managers said.

The move is also seen by some …

February 20, 2019 - 5:11 pm Canada, Closing Bell Story‎, Crude Oil News, Energy News
Berkshire Wades Into Struggling Canada Oil Patch With Suncor Bet

Berkshire Wades Into Struggling Canada Oil Patch With Suncor Bet

From Bloomberg

Warren Buffett’s Berkshire Hathaway Inc. is wading into the struggling Canadian energy industry, taking a stake in oil-sands producer Suncor Energy Inc.

The purchase of 10.8 million shares, disclosed in a filing Thursday, was valued at $300.9 million. …

February 15, 2019 - 5:01 pm Canada, Closing Bell Story‎, Crude Oil News, Energy News
A hydraulic shovel places overburden in a haul truck at the Fort Hills site.

Courtesy of Suncor

Alberta’s Mandatory Curtailments Manufacture Some Problems — Suncor Sets 2019 Spend in $5 Billion Range

Suncor said its 2019 upstream capital program is going to be $4.9 billion to $5.6 billion to achieve average upstream production of 780,000 to 820,000 barrels of oil equivalent per day (BOEPD) for 2019.

The midpoints of these ranges represent

December 14, 2018 - 1:14 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles
A hydraulic shovel places overburden in a haul truck at the Fort Hills site.

Courtesy of Suncor

Suncor Responds to Government of Alberta’s Decision to Cut Oil Production

Suncor Energy provides update following Government of Alberta’s decision to cut oil production

A hydraulic shovel places overburden in a haul truck at the Fort Hills site.

Courtesy of Suncor

Suncor Energy Not Trimming Oil Output as Rivals Pull Back

From Reuters

Suncor Energy Inc, Canada’s second-largest energy producer, does not need to reduce crude output as some of its peers are doing to cope with low prices, Chief Executive Steve Williams said on Thursday.

Suncor, which has dedicated pipeline …

November 2, 2018 - 11:38 am Canada, Closing Bell Story‎, Crude Oil News, Energy News, Oil Sands
Canadian Natural Resources, Suncor, Cenovus Face Cutting Oil Output During Transport Crunch

Canadian Natural Resources, Suncor, Cenovus Face Cutting Oil Output During Transport Crunch

From Reuters/Globe and Mail

Canadian Natural Resources Ltd (CNRL) , one of Canada’s biggest oil and gas producers, will produce less than expected this spring, it said on Thursday, as transport bottlenecks pressure prices of Canadian heavy crude.

Tight capacity …

May 3, 2018 - 3:54 pm Closing Bell Story‎, Energy News, Oil Sands
Suncor Energy: 2017 Production Update

Suncor Energy: 2017 Production Update

Suncor Energy Inc. (ticker: SU) released end-of-year production numbers and provided an update to the Fort Hills dispute.

Highlights

  • Upstream production of 736,000 BOEPD
  • Oil sands produced 447,000 bbls/d, including 6,000 bbls/d from Fort Hills
  • Syncrude produced 325,000 bbls/d for
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 …

Suncor Energy Snags 30% of North Sea Rosebank Project

Suncor Energy UK Limited announced it will acquire a 30 per cent participating interest in the U.K. North Sea Rosebank project from OMV (U.K.) Limited.

Under the terms of the agreement, Suncor will make an initial payment of US$50 million …

August 10, 2016 - 3:39 pm Closing Bell Story‎, Energy News, Offshore
Suncor Energy Provides RMWB Operations Update

Suncor Energy Provides RMWB Operations Update

CALGARY, ALBERTA–(Marketwired – May 23, 2016) – Suncor today announced it has begun the remobilization process of its employees to support the staged restart of its operations in the Regional Municipality of Wood Buffalo (RMWB). The evacuation order was lifted …

May 24, 2016 - 5:39 pm Canada, Closing Bell Story‎, Energy News
Suncor provides update on cost management program and operations

Suncor provides update on cost management program and operations

CALGARY, ALBERTA–(Marketwired – April 1, 2015) – Suncor Energy today provided an update on its progress on cost management measures in response to the low crude price environment, as well as an update on operations.

Since the cost management program

April 2, 2015 - 7:09 pm Canada