Suncor Energy

After a two-year pause during the Covid-19 pandemic and an ownership shuffle, a third project aimed at reviving Canadian oil production offshore Newfoundland has progressed. Cenovus Energy Inc. and Suncor Energy Inc. announced work would resume on their C$3.2 billion ($2.6 billion) West White Rose supply development, which was paused in March 2020. The move…

While reporting a strong first three months to the year, Suncor Energy Inc. management made a vow to keep its refineries and service stations despite a request by an activist investor to sell the national network. “We think we have the best downstream business in North America, and we think it’s important that it stays…

Refineries and service stations stood out as Suncor Energy Inc.’s 2021 profits champion, even with strong gains from oilsands production and higher commodity prices, the Calgary-based producer said.  Northern Alberta mining and extraction operations only took over the lead in Suncor ledgers as oil prices climbed in late 2021, according to the fourth quarter results.…

Calgary-based Suncor Energy Inc.’s upstream production during the third quarter climbed from a year ago on strong performance from its oilsands portfolio. Total production rose to 698,000 boe/d from 616,200 boe/d in 3Q2020, propelled by the northern Alberta facilities, where 91% of the upstream output originates at mines and in-situ underground extraction plants.  “We continue…