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The oil sands specialist had to shut in some production because of bad weather, but oil above $65 a barrel helped prop up earnings. High Oil Prices Covered Up Production Declines in Suncor Energy's Q1
Canadian oil sands producer Suncor Energy said on Thursday that work needed to stabilize a slope at its Fort Hills mine in northern Alberta will delay a ramp-up in production and add to cash ...
Suncor's Base Mine is a key part of the company's operations in northern Alberta, producing around 200,000 barrels per day (bpd) of bitumen used to feed upgraders at its oil sands base plant that ...
Suncor reported an operating loss of 98 Canadian cents per share. Total production plunged to 655,500 barrels of oil equivalent per day (boepd) during the quarter, from 803,900 boepd a year ...
Suncor Energy owned and operated three Bombardier CRJ900ER aircraft [35] but sold them in late 2016 and now uses WestJet to shuttle Suncor employees to the oil sands. [36] As of February 2023, Suncor Energy owns a Bombardier Global Express (BD-700) and operate as ICAO airline designator JSN, and telephony JETSUN. [37] [38]
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Pathways Alliance's major project is a potential $16.5 billion carbon capture and storage network to be constructed in northern Alberta. [4] As of May 2024, the proposed CCS network aims to capture CO2 emissions from over 20 oilsands facilities in northern Alberta and transport them via a 400-kilometer pipeline to an underground storage hub near Cold Lake.
Suncor's land at Burnt Lake was used by Ormat to build an OrCrude demonstration plant, using oil supplied by Suncor. [1] However, Suncor soon withdrew from the venture, and Nexen returned to take a 50% stake. [1] In 2004, the OPTI decided to expand Long Lake to commercial-scale, and raised over $1.5 billion of private equity and debt. [1]