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In fall 2021, Suncor assumed operatorship of the Syncrude Joint Venture oil sands project in a bid to improve its performance. Suncor holds a majority stake in Syncrude with 58.74 per cent. [20] In July 2022, president and CEO Mark Little resigned amid investor pressure and after a series of workplace deaths and safety incidents. [21]
Syncrude Canada Ltd. is one of the world's largest producers of synthetic crude oil from oil sands and the largest single source producer in Canada. It is located just outside Fort McMurray in the Athabasca Oil Sands , and has a nameplate capacity of 350,000 barrels per day (56,000 m 3 /d) of oil, equivalent to about 13% of Canada's consumption ...
As of 2009, Syncrude and Irving Oil were leaders in the Canadian industry, with Syncrude being the top producer of oil sands crude and Irving Oil operating the largest oil refinery in the country. [5] Canadian oil company profits quickly recovered following the 2008 financial crisis; In 2009 they were down 90% but in 2010 they reached $8.4 billion.
Syncrude Canada, Suncor Energy Inc., and Canadian Natural Resources Limited are the three largest worldwide producers of synthetic crude with a cumulative production of approximately 600,000 barrels per day (95,000 m 3 /d).
This changed in the 1980s, however, with the announcement that construction would begin on two heavy oil upgraders. Like the plants at Syncrude, Suncor and Shell's Scotford facility near Edmonton, these refinery-like operations turn heavy oil and bitumen into lighter and lower-sulfur, more desirable crude.
The Athabasca River is the largest freshwater delta in the world but with Suncor and Syncrude leaking tail ponds the amount of polluted water will exceed 1 billion cubic meters by 2020. [ 105 ] Natural toxicants derived from bitumen in Northern Alberta pose potential ecological and human health risks to people living in the area.
Western Canadian Select (WCS) is a heavy sour blend of crude oil [1] that is one of North America's largest heavy crude oil streams [2] and, historically, its cheapest. [3] It was established in December 2004 as a new heavy oil stream by EnCana (now Cenovus), Canadian Natural Resources, Petro-Canada (now Suncor) and Talisman Energy (now Repsol Oil & Gas Canada). [4]
Syncrude tailings dam. The Syncrude Tailings Dam or Mildred Lake Settling Basin (MLSB) is an embankment dam that was, by volume of construction material, the largest earth structure in the world in 2001. [17] It is located 40 km (25 mi) north of Fort McMurray, Alberta, Canada, at the northern end of the Mildred Lake lease owned by Syncrude ...