The CEO of Suncor Energy Inc. says his company isn’t counting on higher cash flow despite analyst expectations of a “risk premium” on crude oil prices in the wake of last weekend’s attacks on Saudi Arabian oil facilities. Benchmark oil…
Tag: Suncor
Enbridge says oil producer complaints won’t alter Mainline pipeline open season plan
A senior executive with Enbridge Inc. says the company won’t change course on its plan to convert most of its Mainline pipeline system to long-term contracts despite growing opposition from major Canadian oil producers. Canadian Natural Resources Ltd. is the…
Suncor asks NEB to close down Enbridge open season on Mainline pipeline
An open season launched by Enbridge Inc. to try to lock shippers into long-term contracts on its Canadian Mainline oil pipeline system is designed to take advantage of “mostly captive shippers,” Suncor Energy Inc. says. In a submission to the…
Canadian energy giants take out full-page newspaper ads as federal election looms
Three of Canada’s biggest oilsands producers are going directly to voters today to ask them to “influence the outcome” of big decisions concerning the oil and gas sector as a fall federal election looms. In full-page ads in about 30…
Greenhouse gas intensity decreasing at Suncor, CNRL: report
Greenhouse gas emissions intensity of Canada’s two largest oil and gas producers continues to trend in the right direction: downward, according to sustainability reports highlighted by energy publication JWN. Story continues below JWN Energy said Suncor Energy and Canadian Natural…
Producers still cautious despite higher Q2 expectations on stronger oil prices
Higher oil prices are expected to boost cash flow for the large Canadian crude producers as they roll out second-quarter results beginning next week, but analysts say the extra money is unlikely to be added to growth budgets. Canadian oil…
Oil producers call for oil curtailment easing in return for rail commitments
Canada’s largest oil producers are calling on the Alberta government to reward companies that commit to adding crude-by-rail capacity by easing their oil curtailment levels. Suncor Energy CEO Mark Little says the proposal makes a lot of sense because it…
Suncor still opposed to Alberta oil cuts despite ‘slightly positive’ Q1 impact
Suncor Energy Inc. remains opposed to the Alberta government-ordered oil production curtailments, but new CEO Mark Little conceded Thursday the program was actually “slightly positive” for the company’s financial results in the first quarter. Story continues below The Calgary-based oilsands…
Higher prices and volumes credited as Suncor Energy beats estimates with a $1.47B profit
Suncor Energy Inc. is reporting first-quarter net income that beat analyst expectations thanks to higher oil prices, record downstream results, more oilsands production and a $264-million insurance gain on its assets in Libya. The Calgary-based oilsands producer and refining giant…
Workplace death at Suncor’s Fort Hills oilsands site
April 30 2019 7:02am A workplace death investigation is underway after a man who worked for Ledcor construction died on the job at the Fort Hills oilsands site in northern Alberta on Monday. ‘ }); } else { var rel_id…