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Suncor Energy Inc. (French: Suncor Énergie) is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands . In the 2020 Forbes Global 2000 , Suncor Energy was ranked as the 48th-largest public company in the world.
Commerce City is home to an oil refinery with a capacity of 98,000 barrels per day (15,600 m 3 /d). [16] Originally, this facility existed as two separately owned refineries, one on each side of Brighton Boulevard. Suncor Energy bought the west refinery from ConocoPhillips in 2003. [17] A project to upgrade this facility began in August of that ...
The sale was approved by shareholders in June 2009, [9] [10] and completed on August 1, 2009. [11] [12] As a condition of the purchase, Suncor was required to divest some of its retail outlets. In December 2009, 98 Suncor-owned gas stations in Ontario (68 Sunoco and 30 Petro-Canada) were sold to Husky Energy. [13]
The Canadian oil sands produced an average of 1.9 million barrels per day (mmbpd) in 2012. This equates to a little more than 10% of America's 2012 oil consumption. Not only do the oil sands ...
Elliott, which owns about 3% of Suncor, has urged the company to bring in new directors and undergo a management and strategic review. UPDATE 4-Canada's Suncor open to sale of gas stations after ...
TOTAL (TOT) announced it was paring its stake in the Ichthys liquefied natural gas project, while Suncor (SU) and Phillips 66 (PSX) set their investment budgets for 2019.
By 2013, Suncor and CNRL—Canada's two largest petroleum companies were also among top eleven of the country's most valuable companies. [13] In 2011, Canadian Natural Resources, overtook Suncor to become Canada's largest producer. Suncor produced 549,000 boe/d in 2012 only slightly higher than in 2011. [14]
The sale, for $4.65 billion, was completed on June 25, 2010. [7] [8] The second tallest smokestack in western Canada, 183 m (600 ft) in height, is located at its facility. In April 2016, Suncor announced that they had reached a $937-million deal to acquire Murphy Oil Corp.'s five per cent stake in the Syncrude project north of Fort McMurray ...