Syncrude Company News

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Canada Crude Differential Seen Staying High As Refiners Take Downtime
Friday, August 03, 2018 The discount on Canada's heavy crude, which reached a nearly five-year high this week, looks to remain elevated.

Power Outage Affects Syncrude Oil Sands Output
Thursday, June 21, 2018 A power disruption at Syncrude's Mildred Lake, Alberta, crude oil upgrading site has affected operations.

Fire Extinguished At Syncrude Oil Sands Plant In Alberta
Monday, July 10, 2017 A small fire broke out in a sulphur emissions reduction unit at the Syncrude oil sands plant in northern Alberta.

Falling US Oil Output Not Enticing Enough For Wary Investors
Monday, July 11, 2016 Not even a sharp decline in U.S. oil production can convince investors that oil prices are ready to rebound.

Firefighters Protect Canada's Oil Sands Battling Intense Flames
Tuesday, May 24, 2016 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.

Canada's Oil Sands Producers Prepare to Re-Enter Evacuated Sites
Monday, May 23, 2016 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.

Canadian Oil Exports Drop, Supply Hunt on Amid Wildfires
Wednesday, May 18, 2016 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.

Canada's Oil Output Spared Fire Damage Seen Able to Rebound
Monday, May 09, 2016 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.

Syncrude Says Alberta Oil Sands Mine Shut Down Because of Wildfire
Friday, May 06, 2016 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.

Fight Or Flight: Canadian Oil Companies Weigh Hostile Takeover Bid
Thursday, December 03, 2015 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.

Canadian Oil Sands Halts Syncrude Production After Fire, Prices Spike
Monday, August 31, 2015 Canadian Oil Sands Ltd halts crude oil production after a fire damaged equipment at its processing facility in northern Alberta.

Tailings Challenge Spurs Research, Development for New Solutions
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.

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.

ConocoPhillips Sells Syncrude Stake to Sinopec
Friday, June 25, 2010 ConocoPhillips has completed the $4.65 billion sale of its 9.03 percent interest in Syncrude with subsidiaries of Sinopec.

Canadian Oil Sands 2008 Budget Includes 115 Million Barrels
Monday, December 17, 2007 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.

Premium Acquires More Seismic Near Boyne Lake
Tuesday, April 24, 2007 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.

ConocoPhillips: Early Indications Show 300% Reserve Additions
Thursday, January 11, 2007 ConocoPhillips announced preliminary proved reserve additions for 2006 of approximately 300 percent of the company's barrels-of-oil-equivalent (BOE) production.

Petro-Canada Sees 15% Jump in Production
Thursday, December 14, 2006 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.

Canadian Oil Sands Announces CFO Change
Friday, December 08, 2006 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.

Canadian Oil Sands Chief: Production Up, Capex Down in 2007
Friday, December 08, 2006 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.

ConocoPhillips Reports Q2 Net Income of $5.2 Billion
Wednesday, July 26, 2006 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.