Suncor

Suncor to Write Down $425M for Stranded Oilfield Project Offshore Newfoundland

Suncor to Write Down $425M for Stranded Oilfield Project Offshore Newfoundland

Failure to revive a mothballed production project prompted Calgary-based Suncor Energy Inc. to announce Tuesday a C$425 million ($319 million) write down on its 27.5% share of an oilfield offshore of Newfoundland. Suncor said majority owner Husky Energy Inc. stranded a 200 million bbl White Rose field addition by suspending construction when the Covid-19 virus…

January 6, 2021

Industrial Projects Driving Canadian Natural Gas Pipeline Growth

Projects by Canada’s second largest oilsands producer Suncor Energy Inc. and MEG Energy Corp. are supporting growth for Canadian natural gas use and driving pipeline additions by TC Energy Corp.’s gathering and delivery grid in Alberta and British Columbia, Nova Gas Transmission Ltd. (NGTL).

September 11, 2019

Suncor Opposes Enbridge Plan for Long-Term Oil Contracts on Mainline

Canada’s second largest oil producer has called for a halt to conversion of the Enbridge Inc. Mainline to long-term delivery contracts from monthly bookings, saying the plan takes unfair advantage of limited pipeline capacity.

August 26, 2019
NatGas Chosen for Power Projects to Meet Alberta Emissions Policy

NatGas Chosen for Power Projects to Meet Alberta Emissions Policy

Natural gas has emerged as the winner in two power projects launched to comply with an Alberta government environmental policyrequiring replacement of coal-fired generating stations with cleaner alternatives.

December 7, 2017

People — Rick George

Rick George, a Canadian oilsands pioneer, died Tuesday following a year-and-a-half battle with acute myeloid leukemia. He was 67. George was CEO of Suncor Energy beginning in 1991, then a fledgling operator, until he retired in 2012. He then became chairman of Penn-West Petroleum Ltd. in 2012, now Obsidian Energy Ltd. After graduating from Colorado State University, George joined Chevron Corp. predecessor Texaco, where he worked as a project engineer by day and attended law school at night, eventually passing the Texas state bar. He also worked at Sun Co. Inc., which then owned a majority stake in Suncor. George became president and COO of Suncor in 1990 and was appointed CEO a year later. In 2009, he led the takeover of Petro-Canada. The Colorado native leaves behind wife Julie, children Matthew, Zachary and Emily, and grandchildren. “With heavy hearts, we are determined to embrace challenges and adventure with the same rigor that he demonstrated every day,” his family said. Obsidian CEO David French said, “It was a privilege to know the man, and experience his leadership and devotion to our industry. Over his tenure as our Chairman, Rick reshaped our company from top to bottom. Rick’s legacy will continue with the many lives he has touched.”

July 28, 2017

Alberta Readies to Bring Oil Production Back Online in ‘The Beast’s’ Wake

Preparations began Sunday to resume nearly one million b/d of production shut down when a forest fire nicknamed “The Beast” forced evacuation of all 85,000 residents of the northeastern Alberta oil sands capital, Fort McMurray.

May 9, 2016

Alberta Readies to Bring Oil Production Back Online in ‘The Beast’s’ Wake

Preparations began Sunday to resume nearly one million b/d of production shut down when a forest fire nicknamed “The Beast” forced evacuation of all 85,000 residents of the northeastern Alberta oil sands capital, Fort McMurray.

May 9, 2016