Syncrude Company News

Recent Articles

Results 24 articles shown

Oil Sands Sites Face Virus Surge as Workers Fly In
It's the latest blow to the oil-rich province of Alberta.
8:00 PM EST | April 27, 2021
BP Work Model to Affect Roughly 25,000 Employees
Recall some of Rigzone's most popular downstream-related articles from the past week.
7:00 PM EST | March 13, 2021
Syncrude Services Contract Goes to Worley
Worley will provide construction and site maintenance services for the Canadian hydrocarbon facilities over a five-year term.
8:00 PM EST | June 04, 2020
Canada Crude Differential Seen Staying High As Refiners Take Downtime
The discount on Canada's heavy crude, which reached a nearly five-year high this week, looks to remain elevated.
8:00 PM EST | August 02, 2018
Power Outage Affects Syncrude Oil Sands Output
A power disruption at Syncrude's Mildred Lake, Alberta, crude oil upgrading site has affected operations.
8:00 PM EST | June 20, 2018
Fire Extinguished At Syncrude Oil Sands Plant In Alberta
A small fire broke out in a sulphur emissions reduction unit at the Syncrude oil sands plant in northern Alberta.
8:00 PM EST | July 09, 2017
Falling US Oil Output Not Enticing Enough For Wary Investors
Not even a sharp decline in U.S. oil production can convince investors that oil prices are ready to rebound.
8:00 PM EST | July 10, 2016
Firefighters Protect Canada's Oil Sands Battling Intense Flames
Those sent into Canada's oil sands are not only wrestling with one of the worst wildfires in the country's history. They are doing it surrounded by the volatile, explosive chemicals critical to pumping oil from some of the world's largest reserves.
8:00 PM EST | May 23, 2016
Canada's Oil Sands Producers Prepare to Re-Enter Evacuated Sites
All of the Canadian oil sands facilities that workers fled last week as a wildfire spread are being allowed to prepare for restart as cool, humid weather has helped contain the inferno.
8:00 PM EST | May 22, 2016
Canadian Oil Exports Drop, Supply Hunt on Amid Wildfires
In a sign the massive Alberta wildfire is taking a toll on oil transport, Canadian crude exports to the United States dropped 12 percent last week.
8:00 PM EST | May 17, 2016
Canada's Oil Output Spared Fire Damage Seen Able to Rebound
Canada oil-sands producers including Suncor Energy could resume production within a week after the threat subsides from wildfires that cut as much as 40 percent of the region's output.
8:00 PM EST | May 08, 2016
Syncrude Says Alberta Oil Sands Mine Shut Down Because of Wildfire
The Syncrude oil sands project has completely shut down extraction at its Aurora bitumen mine and is operating other facilities at minimum levels, the result of the Fort McMurray wildfire, Chief Executive Mark Ward said on Friday.
8:00 PM EST | May 05, 2016
Fight Or Flight: Canadian Oil Companies Weigh Hostile Takeover Bid
In an unusual hostile takeover attempt, Suncor Energy is making a last ditch effort to absorb its joint venture partner Canadian Oil Sands or move on.
7:00 PM EST | December 02, 2015
Canadian Oil Sands Halts Syncrude Production After Fire, Prices Spike
Canadian Oil Sands Ltd halts crude oil production after a fire damaged equipment at its processing facility in northern Alberta.
8:00 PM EST | August 30, 2015
Tailings Challenge Spurs Research, Development for New Solutions
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.
8:00 PM EST | June 25, 2012
Oil Sands Companies Team Up in Tailings R&D Effort
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.
7:00 PM EST | December 13, 2010
ConocoPhillips Sells Syncrude Stake to Sinopec
ConocoPhillips has completed the $4.65 billion sale of its 9.03 percent interest in Syncrude with subsidiaries of Sinopec.
8:00 PM EST | June 24, 2010
Canadian Oil Sands 2008 Budget Includes 115 Million Barrels
Canadian Oil Sands Trust's annual 2008 Syncrude production is estimated to total 115 million barrels with a range of 110 to 120 million barrels.
7:00 PM EST | December 16, 2007
Premium Acquires More Seismic Near Boyne Lake
Premium Petroleum Inc. has acquired an additional four lines of seismic data totaling 23 km (14 miles) in length, on lands adjacent to the discovery well on its Boyne Lake Flowing Oil Sands Prospect.
8:00 PM EST | April 23, 2007
ConocoPhillips: Early Indications Show 300% Reserve Additions
ConocoPhillips announced preliminary proved reserve additions for 2006 of approximately 300 percent of the company's barrels-of-oil-equivalent (BOE) production.
7:00 PM EST | January 10, 2007
Petro-Canada Sees 15% Jump in Production
Petro-Canada's Board of Directors approved a capital and exploration expenditure program totaling $4.1 billion for 2007, an increase of 15% compared with the program in 2006.
7:00 PM EST | December 13, 2006
Canadian Oil Sands Announces CFO Change
Canadian Oil Sands Trust said Thursday Allen Hagerman, FCA, has decided to move from his full-time position as Chief Financial Officer of the Trust's wholly-owned subsidiary, Canadian Oil Sands Limited.
7:00 PM EST | December 07, 2006
Canadian Oil Sands Chief: Production Up, Capex Down in 2007
Canadian Oil Sands Trust late Thursday announced its budget for 2007, which includes production targets, estimated capital expenditures and a revised financial plan following proposed income trust tax changes by the federal government.
7:00 PM EST | December 07, 2006
ConocoPhillips Reports Q2 Net Income of $5.2 Billion
ConocoPhillips said that it earned second-quarter net income of $5,186 million, or $3.09 per share, compared to $3,138 million, or $2.21 per share, for the same quarter in 2005.
8:00 PM EST | July 25, 2006