CALGARY, Alberta, March 14, 2018 -- Suncor today announced that the Syncrude maintenance turnaround originally scheduled to begin in April, will be moved up by approximately one month. On March 15, Syncrude plans to begin an eight-week turnaround, which was originally scheduled to begin in April. Advancing the turnaround will permit Syncrude to [...]
CALGARY, Alberta, March 01, 2018 -- Suncor has filed its 2017 Annual Report, 2017 Annual Information Form and 2018 Management Proxy Circular. To view the company’s annual disclosure documents, visit Suncor's profile on sedar.com or sec.gov or visit Suncor’s website at suncor.com/financialreports. Shareholders may obtain a copy of [...]
CALGARY, Alberta, Feb. 26, 2018 -- Suncor today announced it has closed the transaction to purchase a 5% interest in Syncrude from Mocal Energy. The US$730 million, or approximately Cdn$925 million, purchase price is subject to closing adjustments and is based on an effective date of Jan.1, 2018. Through this transaction Suncor's share in the [...]
Suncor today announced it has reached an agreement to acquire Mocal Energy’s 5% interest in the Syncrude joint venture for US$730 million, or approximately Cdn$920 million, subject to closing adjustments. The transaction will be effective as of Jan.1, 2018 and is anticipated to close in the first quarter of 2018. “This transaction [...]
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars , and have been prepared in accordance with International Financial Reporting Standards , specifically International Accounting Standard 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented [...]
Suncor Energy’s Board of Directors has approved a quarterly dividend of $0.36 per share on its common shares, payable March 26, 2018 to shareholders of record at the close of business on March 5, 2018. This dividend represents a 12.5% increase over the prior quarter and marks 16 years of consecutive annualized dividend increases. Suncor [...]
CALGARY, Alberta, Feb. 02, 2018 -- Suncor will release its fourth quarter financial results on Wednesday, Feb. 7, 2018 before 8:00 p.m. MT . A webcast to review the fourth quarter will be held on Thursday, Feb. 8, 2018 at 7:30 a.m. MT . Representing management will be Steve Williams, president and chief executive officer and Alister Cowan [...]
Suncor today announced it will proceed with the phased implementation of autonomous haulage systems at company-operated mines, starting with the North Steepbank mine. Over the next six years, the company expects to deploy more than 150 autonomous haul trucks in the full program, which will be one of the largest investments in electric autonomous [...]
Suncor today announced that the Fort Hills project is continuing its steady ramp up of production following the safe startup of secondary extraction on Jan. 27, 2018. Fort Hills, which is located approximately 90 kilometres north of Fort McMurray, has a capacity of approximately 194,000 barrels per day , approximately 103,000 bbls/d net to Suncor [...]
Suncor today provided a business update for the fourth quarter of 2017, highlighting upstream production of 736,000 barrels of oil equivalent per day , which is in line with record production from the third quarter of 2017. Oil sands operations produced approximately 447,000 barrels per day including 6,000 bbls/d from Fort Hills. Syncrude produced [...]
Michael Wilson, chair of the board of directors of Suncor is pleased to announce the appointment of Dennis Houston to the company's board. Mr. Houston's appointment is effective Jan. 1, 2018. "It's a pleasure to welcome Dennis Houston to the Suncor board of directors," said Mr. Wilson. "He joins us, having extensive experience in the downstream [...]
Suncor today took its first steps in the regulatory process to replace coke-fired boilers with two cogeneration units at its Oil Sands Base Plant as a part of its plan to remain globally cost and carbon competitive. In addition to providing the facility with steam needed for its operations, the cogeneration units are expected to export [...]