Suncor Energy Inc., an integrated energy company headquartered in Calgary, Alberta with its oil sands business, located near Fort McMurray, Alberta, extracts and upgrades oil sands and markets refinery feedstock and diesel fuel, while operations throughout western Canada produce natural gas, showcased the best of the best at its President’s Operational Excellence Awards on March [...]
Opti Canada Inc with interests in oil sands projects, in Alberta fell the second- most on the S&P/TSX index, declines 19 % to C$2.84. Suncor Energy Inc, major oil-sands producer, declined 11 percent to C$24.75. For full story, click here
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market news The short to medium term outlook for oil sands and heavy oil projects remains negative. As the barrel price for light sweet crude remains (relatively) low, new investments in oil sands projects are unlikely to be forthcoming. The combination of low prices and [...]
Suncor and UTS said that they are delaying new projects and cutting capital spending due to global credit crunch and falling oil prices play havoc alongwith Alberta’s high-cost oilsands. Rick George, Suncor’s president and CEO said: Our aim is to ensure we are living within our means during a time of market uncertainty, while also making the [...]
According to Suncor Energy completions engineer Fernando Gaviria, high-temperature ESPs are important to the company’s SAGD efforts in its Firebag field in northern Alberta, Canada. For full story, click here For Suncor’s website, click here
SOME CHEER ON THE OIL FRONT By Duncan Sutherland – Exclusive to Heavy Oil Investing News A good quarter for heavy oil companies Heavy oil and oil sands companies, by and large, posted positive results in the just-ended quarter. This was to be expected, what with oil prices hitting an all-time high. It is worth noting, however, that energy costs took a [...]
Suncor energy reported that Alberta Energy Resources Conservation Board has lifted constraints on production at company’s Firebag in-situ oil sands. For full story, click here
Suncor restarted Northern Alberta pipeline that was shut down due to a leakage last week. For more information, visit here
Friday, March 20, 2009