Suncor reports $3.5 billion in losses due to low oil prices

Suncor Energy Inc. is reporting a first-quarter net loss of $3.525 billion mainly due to asset impairments linked to low oil prices, compared with net earnings of $1.47 billion in the same quarter of last year. Related News The Calgary-based company…

Suncor Energy donates 40,000 masks to federal government in bid to curb COVID-19

Suncor Energy has joined the growing number of companies finding unique ways to try to stop the spread of COVID-19. The company announced via a Facebook post March 31 they had donated 40,000 N95 masks to the federal government for…

Suncor cuts $1.5 billion from budget to cope with low oil prices, COVID-19 impact

By The Canadian Press Posted March 24, 2020 12:16 pm Updated March 24, 2020 12:18 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ Suncor Energy Inc. is cutting its 2020 capital spending budget…

Suncor Energy files application for base oilsands mine extension

By Staff The Canadian Press Posted March 2, 2020 5:11 pm Updated March 2, 2020 5:13 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ The Impact Assessment Agency of Canada is inviting public…

Shelved Suncor thermal oilsands project gets approval from Alberta government

By Staff The Canadian Press Posted February 19, 2020 5:34 pm Updated February 19, 2020 5:42 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ The Alberta government has approved an application by Suncor…

Suncor defers Quebec refinery project to focus on low-cost oilsands expansions

Suncor Energy Inc.’s on-again, off-again plan to add a coker unit to its Montreal refinery to allow it to process heavier barrels of oil, including oilsands bitumen, is off the table as it shuffles its spending priorities. The $2-billion project…

Suncor keeps 2020 oil budget flat, approves $300 million wind farm project

By Staff The Canadian Press Posted December 3, 2019 12:23 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ Oilsands giant Suncor Energy Inc. says it will keep capital spending related to its oil…

Enbridge says Mainline contracting delayed, not dead, after regulator ruling

Shares in Enbridge Inc. were down Monday morning after the Canada Energy Regulator ordered it to suspend an open season it was holding for service on its Canadian Mainline oil pipeline system. Enbridge says the CER decision Friday after markets…