Suncor Energy
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From humble beginnings selling lubricating oils, kerosene and spirits to Canadian war plants in 1917, Suncor has grown into a major independent energy company. Today we're a world leader in mining and extracting crude oil from the vast oil sands deposits of Northern Canada. We also explore for, develop and market conventional crude oil and natural gas in Western Canada.
Under the Sunoco brand in Central Canada, Suncor has a top-ranked refinery and a strong retail marketing and wholesale distribution network. And in Queensland, Australia, we operate an oil shale development project. The company has assets of CDN $5.1 billion and production of 142,800 barrels of oil equivalent per day. Suncor is a spectacular business turnaround story. Nine years ago, as one executive put it, "our business was stuck." After a period of difficult change, Suncor emerged with a fresh attitude, a winning spirit and a strong balance sheet. Today we're growing our businesses in Canada and reaching out as far as Australia to explore new opportunities. We pride ourselves on our technical excellence and the cost-effectiveness of our operations. Suncor employs 2,700 people who think creatively, set bold objectives and deliver on them. And we care about environmental management, with over $35 million of capital spent on environmental projects in the past three years. Suncor has big plans for growth, backed by a proven record of financial and operating performance. |
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Recent Articles
Friday, February 05, 2010 - Suncor's Board of Directors has approved a quarterly dividend of $0.10 per share on its common shares, payable March 25, 2010 to shareholders of record at the close of business on March 5, 2010.
Suncor Reports 4Q Results, Sets 2010 Operational Goals
Tuesday, February 02, 2010 - Suncor reported fourth quarter 2009 net earnings of $457 million, compared to a net loss of $215 million for the fourth quarter of 2008.
Friday, January 08, 2010 - Suncor's oil sands production during December averaged approximately 219,000 barrels per day. Production for the month was reduced due to unplanned maintenance activities following a December 15 fire at one of the two upgraders.
Thursday, December 17, 2009 - Suncor is assessing damage following a fire at one of the company's two oil sands upgraders north of Fort McMurray, Alberta.
Thursday, December 03, 2009 - Suncor's oil sands production during November averaged approximately 314,000 barrels per day (bpd).
Monday, November 23, 2009 - Husky Energy has announced the discovery of additional oil resources in the White Rose area.
New Oil Sands Production Technology May Reduce Costs per Barrel
Tuesday, November 17, 2009 - Advanced Clean Technologies' new product may actually alter the overall economics of tar sands oil production, in particular throughout Canada and Utah.
Tuesday, November 17, 2009 - Flint Energy Services has been awarded contracts for module fabrication for Suncor Energy's Firebag 3 project. Work is currently underway and will be completed in the first quarter of 2010.
Monday, November 16, 2009 - A new contract will see TSMarine Subsea prepare a program to abandon two Category One suspended subsea wells in block 25 of the Moray Firth region for Petro-Canada UK.
Suncor Appoints New Board Members
Friday, November 13, 2009 - John Ferguson, Chairman of Suncor Energy, has announced the appointment of Dominic D'Alessandro and Jacques Lamarre to the company's Board of Directors.
Friday, November 13, 2009 - Suncor Energy's Board of Directors has approved the company's C$5.5 billion capital spending plans for 2010. Approximately C$1.5 billion will be directed toward growth project funding, primarily at the company's oil sands operations.
Suncor Posts Higher Net Earnings for Third Quarter '09
Friday, November 06, 2009 - Suncor Energy reported third quarter 2009 net earnings of $929 million, compared to $815 million in the third quarter of 2008.
Friday, October 23, 2009 - Suncor Energy has submitted a regulatory application for changes to the company's oil sands mining and extraction operations existing oil sands operations near Fort McMurray.
Suncor Posts Oil Sands Production Results for September 2009
Wednesday, October 07, 2009 - Suncor's oil sands production during September averaged approximately 302,000 barrels per day, and year-to-date oil sands production at the end of September averaged approximately 295,000 bpd.
Thursday, September 03, 2009 - Suncor reported that the company's oil sands production during August averaged approximately 312,000 barrels per day.
Wednesday, August 26, 2009 - Husky Energy has updated the status of the SeaRose FPSO scheduled maintenance turnaround and field satellite development at the White Rose oil field, offshore Newfoundland and Labrador.
Thursday, August 06, 2009 - Suncor Energy reported that production at its oil sands facility during July averaged approximately 304,000 barrels per day.
Monday, August 03, 2009 - Suncor has completed its merger with Petro-Canada on August 1, the "new" Suncor Energy will begin trading on the New York Stock Exchange today and on the Toronto Stock Exchange on August 7.
Strong Operations, Solid Liquidity Position Petro-Canada Well for Merger
Thursday, July 30, 2009 - "Staying the course we charted for ourselves at the beginning of this year has us in a strong position heading into our merger with Suncor," said Ron Brenneman, Petro-Canada's president and chief executive officer.
Thursday, July 30, 2009 - Petro-Canada has highlighted the company's business strategy and outlook for the remainder of the year as it intends to merge with Suncor. Petro-Canada has also provided an update on its major development projects.
