Saturday, 18 January 2025

Focus on Suncor Energy

The Suncor Energy Centre picture in downtown Calgary, Alta., Friday, Sept. 16, 2022.THE CANADIAN PRESS/Jeff McIntosh
BusinessNatural GasNewsOil

Suncor broke records for oil production in 2024, company says

Suncor Energy sets new records in 2024 with 827,000 barrels/day production, boosted by Trans Mountain pipeline expansion.

Suncor Energy Inc. says it will increase oil output next year by up to five per cent and lower costs from its oilsands assets.Pipes lead to a processing unit at Suncor Fort Hills facility in Fort McMurray Alta., on September 10, 2018.THE CANADIAN PRESS/Jason Frans
BusinessClimateEconomyEmissionsEnvironmentNatural GasNewsOilTrade

Suncor to increase oil and gas output by up to five per cent in 2025

Suncor Energy plans to boost oil output by up to five per cent in 2025, targeting production of 810,000 to 840,000 barrels per...

The Suncor Energy Inc. logo is shown in an undated handout image. THE CANADIAN PRESS/HO
BusinessNewsOil

Suncor to return all excess cash to shareholders after hitting debt target early

Suncor Energy, achieving record oil production and debt reduction, will return 100 per cent of excess funds to shareholders via dividends.

Suncor's base plant with upgraders in the oil sands in Fort McMurray Alta., on June 13, 2017. THE CANADIAN PRESS/Jason Frans
BusinessNewsOil

Suncor Energy earnings rise to $2.02 billion in third quarter

Suncor Energy posts a Q3 profit of $2.02B, up from $1.54B last year, with refinery utilization hitting 105 per cent.

FILE PHOTO: A drone view of the Trans Mountain Burnaby Terminal tank farm as the Canadian government-owned Trans Mountain pipeline expansion project became operational in Burnaby, British Columbia, Canada May 1, 2024.   REUTERS/Jennifer Gauthier
BusinessFuelInfrastructureLabourNewsOilRailTransmissionTransport

Oil pipeline capacity to spare Canadian exports from looming rail dispute

Canadian rail labor dispute would be unlikely to significantly reduce oil exports to the US due to excess capacity on Trans Mountain pipeline

Suncor Energy facility is seen in Sherwood Park, Alberta, Canada August 21, 2019. REUTERS/Candace Elliott/ File Photo
BusinessFuelIndustryNewsOil

Suncor on track to exceed 2024 oil production, refinery guidance

Suncor Energy's better-than-expected Q2 profits suggest it may exceed 2024 oil production and refinery throughput guidance.

FILE PHOTO: The Suncor Energy logo is seen at their head office in Calgary, Alberta, Canada, April 17, 2019. REUTERS/Chris Wattie/File Photo
BusinessFinanceFuelLiquefied Petroleum GasNewsOil

Suncor Energy beats quarterly profit estimates on robust production

Suncor Energy beat analysts' estimates for Q2 profit on Tuesday, helped by higher oil prices and a rise in oil sands production.

FILE PHOTO: Downtown Denver is seen in the background from the Suncor Energy refinery in Denver June 12, 2006. REUTERS/Rick Wilking/File Photo
BusinessClimateElectricityEmissionsEnvironmentFuelNews

Environmental groups sue Suncor for Colorado refinery pollution

Environmental groups sued Suncor Energy, claiming its Colorado refinery violated air quality laws over 9,000 times.

MEG Energy Corp. says it has started bringing workers back to its Christina Lake oilsands site after evacuating all non-essential personnel last week due to wildfires in northern Alberta.The MEG Energy Corp. logo is seen in an undated handout photo. THE CANADIAN PRESS/HO, MEG Energy *MANDATORY CREDIT*
BusinessFuelNewsOil

MEG Energy workers returning to Alberta oilsands site after wildfire evacuation

MEG Energy resumes operations at Christina Lake after wildfires; CEO Gates cites effective firebreaks and worker safety assurances amidst ongoing regional fires.

FILE PHOTO: Flames and smoke rise from a burning wildfire, as seen from a highway, in Jasper, Alberta, Canada, July 23, 2024, in this screen grab obtained from a social media video. Donald Schroll/via REUTERS/File Photo
BusinessClimateEnvironmentFuelInfrastructureLabourNewsOilWeather

Spreading Canadian wildfires prompt more evacuation warnings, oil production worries

Imperial Oil said there was no direct impact on its operations at the moment and that it continues to monitor the situation closely.

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