With construction of its oil sands upgrader still stalled, Suncor has planned to sell unprocessed bitumen to refiners south of the border, where strong demand for Canadian heavy oil has sent prices soaring in recent months. For full story, click here
UTS Energy Corp. declared that it has begun to plot out new ways to develop the delayed Fort Hills oil sands project but decisions must wait until Suncor Energy Inc. has closed its takeover of the operator, Petro-Canada. For full story, click here
Suncor Energy declared that output at its oil sands facility during May averaged approximately 296,000 barrels per day. Year-to-date oil sands production at the end of May averaged approximately 286,000 bpd. For full story, click here
The Suncor-Petro-Canada merger has amounted to a giveaway of billions by Petro-Canada shareholders, a Montreal investment firm alleges in the first major public criticism of the proposed deal. For full story, click here
Suncor Energy Inc. declared that output at its oil sands facility during April averaged approximately 304,000 barrels per day. Year-to-date oil sands production at the end of April averaged approximately 284,000 bpd. Suncor is targeting average oil sands production of 300,000 bpd. For full story, click here
Suncor Energy Inc., the oil-sands producer that agreed last month to purchase Petro-Canada, posted a second straight quarterly loss after the global recession dragged down crude prices. For full story, click here
Suncor Energy Inc., the world’s second-largest oil-sands producer, was on the biggest drag on the equity benchmark after the U.S. Commerce Department revealed that retail sales fell 1.1 percent in March. For full story, click here
Suncor Energy has declared that production at its oil sands facility during March averaged approximately 297,000 barrels per day. For full story, click here
Suncor Energy Inc.’s $19.1 billion bid for Petro-Canada unveiled yesterday has the hallmarks of a smart deal, in stark contrast to the spate of over-priced takeouts of Canadian industrial icons Alcan Inc., Inco Ltd. and Falconbridge Inc. at the height of the commodities bubble. For full story, click here
Suncor Energy’s bold $19.2-billion takeover of Petro-Canada resets the landscape for the oil sands because it keeps in Canadian hands a big part of the industry, while giving birth to a new global oil giant with Canadian headquarters. For full story, click here
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