Operator · Canada Oil Sands
Suncor Energy Inc.
45 articles mentioning Suncor Energy Inc. · Page 1 of 3
Suncor Sets 2022 Capital Budget at $4.7B; $300MM Less Than Original Plan
Suncor released its 2022 corporate guidance today which supports the previous announcements of doubling the dividend, increasing share buybacks and lowering the capital program by $300 million. Highlights include: Capex: $4.7 billion (down from $5.0B planned...
Suncor Energy Fourth Quarter, Full Year 2020 Results
Suncor Energy reported its Q4 and full year 2020 results. CEO Mark Little commented: “Suncor delivered strong operational results during the fourth quarter, reflecting improved performance across our assets in November and December following the completion...
Suncor to Take $425MM Impairment Hit on White Rose Assets
Suncor will record in the fourth quarter of 2020 a non-cash after-tax impairment charge of approximately $425 million on its share of the White Rose asset and West White Rose Project. This is due to a...
Suncor Adds to Board of Directors
Suncor announced the appointment of Jean Paul (JP) Gladu to the company's Board of Directors. Mr. Gladu's appointment is effective Nov. 17, 2020. About Gladu JP Gladu is currently the President of A2A Rail and serves...
Oil Sands Operators to Increase 2020 Spending +14% to $10 Billion
The top oil sands operators disclosed their capital spending budugets and 2020 will see an increase of +14%. CNRL is the only company that did not provide a detailed break-out of the company's capex. As we...
Suncor's Oil Spending Relatively Flat YOY for 2020; Eyes 5% Production Growth
Suncor Energy has detailed its guidance for 2020. The capital program is expected to be between $5.4 and $6.0 billion with flat investment in oil related projects year over year. Upstream production is expected to be...
Suncor Energy Reports Q3 2019 Results
Suncor Energy reported its Q3 2019 results. Highlights: Funds from operations were $2.675 billion ($1.72 per common share) in the third quarter of 2019, compared to $3.139 billion ($1.94 per common share) in the prior year...
Suncor Energy Details Q2 2019 Results
Suncor Energy reported its Q2 2019 results. Highlights: Funds from operations were $3.005 billion ($1.92 per common share) in the second quarter of 2019, compared to $2.862 billion ($1.75 per common share) in the prior year...
Suncor Energy Talks Q1 2019 Results, Ops Highlights
Suncor Energy reported its Q1 2019 results. Mark Little, President & COO, said: “Suncor’s integrated model has consistently generated positive results through changing market conditions, including mandatory production curtailments in Alberta, and the first quarter of...
Suncor Hits Production Record in Q4 at 831 MBOEPD
Suncor provided an operations update for the fourth quarter of 2018, highlighting total upstream production of 831,000 BOEPD, which is a quarterly production record and represents an increase of 12% from the third quarter of 2018....
Suncor Keeping Spending Flat in 2019 at $4.9-5.6B; Expects 10% Production Increase
Suncor released its 2019 corporate guidance which includes a capital program of between $4.9 and $5.6 billion - which is flat from 2018. The company has projected average upstream production of 780,000 to 820,000 BOEPD. This...
Suncor Adds CDK Global CEO to Board of Directors
Suncor has appointed Brian MacDonald to the company’s board of directors. Mr. MacDonald’s appointment is effective July 23, 2018. About MacDonald Brian MacDonald is president and chief executive officer for CDK Global Inc. He previously served...
Suncor Adds Former Exxon Exec to Board of Directors
Suncor has appointed Exxon alum Dennis Houston to its Board of Directors, effective Jan. 1, 2018. About Houston: Dennis Houston’s career spanned nearly 36 years at ExxonMobil Corporation from 1974 to 2010. At the time of...
Suncor's Oil Sands Ops Boost Production to 740 MBOEPD Record in Q3
[Summary: Suncor reported its Q3 2017 results. Highlights: Upstream achieved a new quarterly production record of 739,900 BOEPD - this is due primarily to increased production at Oil Sands operations, where upgrader and Firebag utilization exceeded...
Suncor Details 2018 Capital Plan; Production Up 8% CapEx Down
Suncor continues to capEx reduction program. As you might remember, the company chop 2017 capex by 50% and now 2018 by $450 million. A closer look shows the production growth (8%) is coming from the Fort...
Suncor to Complete Repairs on Syncrude Mildred Lake Oil Sands Facility by Mid-July
[Summary: Suncor provides positive update on Syncrude Mildred Lake Oil Sands facility following the March 14 incident.] CALGARY, ALBERTA–(Marketwired – June 13, 2017) – Suncor today provided an update on the Syncrude Mildred Lake Oil Sands...
Suncor: Mildred Lake Facility Incident Will Not Affect 2017 Guidance
Suncor does not expect this outage to result in a change to overall production guidance for 2017 as strong production from oil sands and offshore operations is expected to offset the impact.
Suncor Takes Axe To 2017 CapEx; Down By 50%
Oil Sands Producer Suncor annouced its 2017 development plan. The plan calls for a -50% cut in CapEx from 2016. The Company's 2016 Upstream CapEx was $6 billion and current estimated upstream capEx is $4.2 Billion....
Shell, JV Partners Come Up Empty at Nova Scotia Shelburne Project
The Shelburne Basin deepwater exploration project is located approximately 250 kilometres offshore, south of Halifax, Nova Scotia.
Suncor's RMWB Production Returns to Pre-Fire Output
Suncor expects base plant operations to return to pre-fire production rates within a week.