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. Continue reading
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. Continue reading
An investigation is underway after a male worker died following an incident at the Fort Hills oilsands site in northern Alberta on Monday. Continue reading
Environment Canada scientists say four major oilsands mines are releasing an average of about one-third more carbon dioxide per barrel of oil than they report. Continue reading
Norway’s US$1-trillion wealth fund, the biggest of its kind in the world, will begin dumping shares in oil and gas companies including some Canadian names, but stopped short of barring major producers like Suncor, ExxonMobil and Chevron. Continue reading
Months after hitting record highs, the amount of Canadian oil being shipped by rail has fallen by more than 50 per cent as major oil companies, like Suncor and Imperial, put the brakes on their oil-by-rail operations. Continue reading
CEO Steve Williams says the program designed to draw down crude storage and free up space on export pipelines has worked too well. Continue reading
Canada’s largest integrated oil and gas company says production averaged 831,000 barrels of oil equivalent per day, up 12 per cent from the third quarter. Continue reading
Forced Alberta government crude oil production cuts next year will result in “unintended consequences” that could include increased safety hazards for its employees, Suncor Energy Inc. warned Friday. Continue reading
Suncor Energy confirmed on Wednesday that it plans to start randomly testing some of its employees for drugs at its northern Alberta worksites in the new year. Continue reading