Suncor Posts Higher Upstream Production
Suncor Energy Inc, Canada's second-largest oil and gas producer, on Wednesday reported a 5% rise in second-quarter operating profit and higher upstream production.Suncor's total production rose to 803…
Suncor Q1 profit beats estimates
Canada's Suncor Energy Inc reported a profit on Wednesday that beat analysts' estimates as the integrated oil producer reaped the benefits of improved Canadian heavy crude…
Suncor sees 13% rise in fourth-quarter upstream output
Suncor Energy Inc said on Monday it expects total upstream production to rise by about 13 percent in the fourth quarter of 2018, helped by higher output from its majority-owned Syncrude oil project in northern
Atlantic Canada Oil Spill Caused by Weak Flowline Connection
A weak connector on an underwater oil flowline caused a spill during a fierce Atlantic storm last week off the coast of Canada's Newfoundland & Labrador, Husky Energy Inc…
Suncor CEO to Retire Next Year
Suncor Energy Inc said on Wednesday its chief executive will retire mid-next year, with the company's chief operating officer taking over the top job at that time.Steve Williams…
Suncor Energy CEO Sees No Need for Oil Output Cuts
Suncor Energy Inc , Canada's second-largest energy producer, does not need to reduce crude output as some of its peers are doing to cope with low prices, Chief Executive Steve Williams said on Thursday.Suncor…
Suncor Holding Off On Crude Expansion Amid Canada Pipeline Confusion
Suncor Energy Inc , one of Canada's biggest oil producers, will not sanction further expansions of crude production until it becomes clearer when new pipelines will be ready, Chief Executive Steve Williams said
Canada Crude Differential Seen Staying High as Refiners Take Downtime
The discount on Canada's heavy crude, which reached a nearly five-year high this week, looks to remain elevated with pipelines strained and the refiners who buy it going offline for maintenance…
Oil Falls as OPEC Output Rises
Brent crude fell Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid escalating trade disputes with the United States. At the same time, U.S.
Cenovus hires McKenzie as CFO from Husky Energy
Canadian oil and gas producer Cenovus Energy Inc named Jon McKenzie as chief financial officer on Thursday, bringing in an oil industry veteran who most recently helped…
Price Rally Spells Fleeting Relief for Canadian Producers
Canadian heavy crude rallied to a two-month high relative to U.S. crude this week, offering some relief to oil producers in Alberta struggling with thin margins amid plentiful supply.
MEG Energy Expects to Produce More Oil in 2018
Canadian oil sands producer MEG Energy Corp said on Friday it expects higher production in 2018, compared to its 2017 forecast. The company expects to produce 85,000 to 88…
Suncor to Apply to Build New Oil Sands Project
Suncor Energy Inc , Canada's largest oil and gas producer, said on Monday it plans to submit an application to regulators for a new thermal oil sands project later this year…
ConocoPhillips cuts Surmont Oil Sands Output by 40 pct
ConocoPhillips has cut output from its Surmont oil sands project by about 40 percent due to shortages of synthetic crude in northern Alberta, two market sources said on Thursday.
ConocoPhillips: Syncrude Outage Affecting Output
A production shutdown at the Syncrude oil sands facility in northern Alberta has impacted output from ConocoPhillips' Surmont thermal plant, helping push heavy Canadian…
HollyFrontier to buy Suncor's Petro-Canada Lubricants Unit
U.S. oil refiner HollyFrontier Corp said on Monday it would buy Suncor Energy Inc's Petro-Canada lubricants unit for C$1.13 billion ($844 million), expanding its North American lubricants business.
Total No Longer Seeking Buyer for Texas Refinery Stake
Total SA has decided not to sell a 50 percent stake in its Port Arthur, Texas, refinery almost a year after it retained investment bank Lazard to advise on the deal, according…
UK's Buzzard Oilfield Pumping More in 2016
Britain's North Sea Buzzard oilfield, which helps price global crude exports and in the past was beset by unplanned outages, has had a smooth year, industry sources said…
Eight Alberta Oil Work Camps Reopening
Authorities in Canada have announced the reopening of eight shuttered work camps south of the wildfire-ravaged oil town of Fort McMurray, paving the way for energy firms to restart production.
Canada Producers Disrupted as Wildfire Shifts
Canadian energy producers were hit with fresh disruptions on Tuesday after a massive wildfire burning around the oil sands hub of Fort McMurray, Alberta, shifted north, forcing the evacuation of about 4…
