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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. [1]
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.
The Job Bank is an employment website operated by Employment and Social Development Canada. It provides an online database of job listings in Canada , as well as other employment services and information for recruiters and job seekers, including career planning, resume creation, job matching, and notifications.
KBR Canada subsidiary, KBR Industrial Canada, Co., as the General Contractor, will provide constructability, module fabrication and construction services for FFT-CFSP, a project using Syncrude's ...
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]
Western Canada is the source of all products transported by Pembina pipeline systems which include the Syncrude pipeline, Horizon pipeline, and Cheecham oilsands pipelines. Pembina Pipeline Corporation became an income fund (trust) in 1997 joining the Toronto Stock Exchange with an IPO of $600 million.
This page was last edited on 1 May 2008, at 07:05 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply ...
World oil prices leaped skyward in 1979-80 and remained high for the first half of the 1980s. This helped Syncrude become successful financially as well as technically. Syncrude now meets about 14 per cent of Canada's oil requirements, mostly in the form of synthetic oil. The plant has produced nearly 2 billion barrels (320,000,000 m 3) of this oil