Fort Hills

• Total closes $4B Surmont sale to ConocoPhillips, fully exiting Alberta’s oilsands

  French company TotalEnergies says it has finalized its sale of its stake in the Surmont oilsands project to U.S. oil company ConocoPhillips in a deal worth up to $4.4 billion.

  Money

  Oct 4, 2023
  
• Suncor inks deal with French company that will expand bitumen production capacity

  TotalEnergies had announced last year it planned to exit the Canadian oilsands by spinning off TotalEnergies EP Canada, but said it decided to sell the operations instead.

  Canada

  Apr 27, 2023
  
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• Suncor incident highlights ‘continued failure’ of Alberta regulator: First Nation chief

  A First Nation chief says that Suncor's release of muddy water into the Athabasca River further highlights the issues with Alberta's regulator. 

  Canada

  Apr 19, 2023
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• Teck completes sale of Fort Hills stake to project partners; exits oilsands

  Teck Resources Ltd. says it has completed the sale of its 21.3 per cent stake in the Fort Hills oilsands mine to Suncor Energy Inc. and TotalEnergies EP Canada Ltd.

  Money

  Feb 3, 2023
• Suncor reducing contractor work force by 20% to improve safety, efficiency

  Since 2014, there have been at least 12 fatalities at Suncor's oilsands facilities in northern Alberta, including five since 2021.

  Canada

  Nov 3, 2022
• Suncor reports net loss in third quarter as it takes writedown on Fort Hills

  Suncor Inc. says it recorded a net loss of $609 million in the third quarter as it took a writedown of $3.4 billion against its share of the Fort Hills oilsands mine.

  Canada

  Nov 2, 2022
• Total writes off $9.3B in oilsands assets, cancels CAPP membership

  French energy giant Total says it is writing off $9.3-billion (US$7 billion) worth of oilsands assets in Alberta and cancelling its membership in the Calgary-based Canadian Association of Petroleum Producers.

  Money

  Jul 29, 2020
• Suncor Energy posts $2.3B loss as company writes down oilsands and offshore assets

  Suncor Energy Inc. is reporting a net loss of $2.3 billion for the fourth quarter of 2019 due mainly to asset impairment charges of $3.3 billion.

  Money

  Feb 5, 2020
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• Suncor still opposed to Alberta oil cuts despite ‘slightly positive’ Q1 impact

  Suncor remains opposed to the Alberta government-ordered oil curtailments, but the company conceded the program was actually "slightly positive" for its financial results in the first quarter.

  Economy

  May 2, 2019
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• Higher prices and volumes credited as Suncor Energy beats estimates with a $1.47B profit

  Suncor Energy Inc. is reporting first-quarter net income that beat analyst expectations thanks to higher oil prices, record downstream results, more oilsands production and a $264-million insurance gain on its assets in Libya.

  Money

  May 1, 2019