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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
Monday, April 15, 2013 Centrica and state-owned Qatar Petroleum International reach an agreement with Suncor Energy to acquire a vast chunk of its natural gas and crude oil business.
Scotney Well Comes Up Dry
Friday, April 12, 2013 Trapoil reports that the Scotney exploration well in the North Sea has come up dry.
Suncor Spuds Scotney Prospect in the UK North Sea
Monday, February 18, 2013 Noreco reports that drilling has begun on its Scotney prospect in the UK North Sea.
Suncor Delays Sanction Date for Planned Oil Sands Projects
Monday, November 05, 2012 Suncor Energy will delay decisions regarding the sanctioning of planned oil sands projects as it assesses the quality and cost of the projects.
Suncor Awards Fluor Engineering Work at Alberta Proj.
Monday, October 29, 2012 Fluor has been awarded a contract by Suncor Energy to provide front-end project management and engineering services on the energy company's MacKay River Phase 2 oil sands project.
Friday, July 13, 2012 A new process that uses antenna heat to enhance oil sands recovery has been successfully tested by a consortium of companies with plans for a pilot project to be conducted next year.
Tuesday, June 26, 2012 Producing crude from Alberta's oil sands poses a number of challenges for the O&G industry, including reducing the environmental impact of tailing ponds.
Awilco Inks LOI with Suncor Energy
Thursday, May 03, 2012 Awilco Drilling has signed a Letter of Intent with Suncor Energy to extend the contract for WilHunter for the drilling of a second firm well estimated at 61 days.
Canada Oil Sands Producers to Share Environmental Technology
Thursday, March 01, 2012 A dozen of the largest Canadian oil sands producers agree to share funding for environmental research, saying pooling their resources will speed the creation of new technologies to reduce the negative effects of oil-sands development.
Suncor Energy Applauds Raymond Floyd for Receiving a Prestigious Honour
Thursday, December 15, 2011 Suncor Energy reported that Raymond Floyd was inducted into the Manufacturing Hall of Fame.
Suncor-Total Deal Paves Way for Doubling Oil Sands Production
Wednesday, March 23, 2011 Suncor has finalized its strategic alliance with Total E&P Canada Ltd. after receiving all required approvals and successfully meeting all other conditions.
Suncor 4Q Earnings Triple
Wednesday, February 02, 2011 "Operational results were strong across the business in the fourth quarter," said Rick George, president and chief executive officer.
Suncor Ramps Up Production in Dec.
Friday, January 07, 2011 Suncor reported that the company's oil sands production during December averaged approximately 323,000 barrels per day (bpd).
Oil Sands Companies Team Up in Tailings R&D Effort
Tuesday, December 14, 2010 Canadian Natural Resources, Imperial Oil, Shell Canada, Suncor Energy, Syncrude Canada Ltd., Teck Resources and Total E&P Canada announced Monday that they plan to work together in a unified effort to advance tailings management.
Centrica to Acquire Suncor's Alberta Gas Assets
Thursday, August 12, 2010 Centrica will acquire 241 bcfe of additional natural gas reserves and an incremental 80 mmcfe of natural gas production.
Suncor to Sell Certain Albertan Assets
Thursday, June 24, 2010 Suncor has reached an agreement with TAQA NORTH to sell certain natural gas properties.
Suncor Receives Approval for Tailings Management Plan
Thursday, June 17, 2010 Suncor has received approval for its tailings management plan from the Energy Resources Conservation Board (ERCB).
Dana to Take Stakes in Suncor
Monday, June 14, 2010 Dana has entered into an agreement to acquire the entire issued share capital of Petro Canada Netherlands BV, a wholly owned subsidiary of Suncor.
Suncor Ramps Up Production in May
Friday, June 04, 2010 Suncor reported that the company's oil sands production during May averaged approximately 304,000 barrels per day (bpd).
Suncor Fires Up Gas Production in Syria
Monday, April 19, 2010 Suncor announced that first commercial gas has been achieved from the Cdn $1.2 billion Ebla gas development in central Syria.
