Suncor Energy is pitching a mining project to stakeholder groups and municipal residents. But unlike the company’s other developments, this project’s boundaries will be close to home: six kilometres north of Fort McMurray.
Read more: http://tinyurl.com/kug9n2a
Steve Williams, CEO of Suncor Energy, tells BNN if approved, the Keystone XL pipeline will not only help the oil sands company grow, but will attract global capital into Canada.
Bottleneck, what bottleneck?
If anybody has concerns about pipeline capacity from the oilsands out to the world, breathe easy.
Read more: http://tinyurl.com/oke8dto
For Suncor (TSE:SU), 2014 is going to be about one thing: more. More spending, more free cash flow and more money paid out in dividends to its shareholders – at least, that’s Canaccord Genuity’s Phil Skolnick’s read of their 2014 capital spending plan. The company intends to spend $1 billion more in 2014 than it did this year, and expects that to juice its overall production by 14 per cent.
Read more: http://tinyurl.com/ofhdh4a
VANCOUVER (Reuters) – Suncor Energy Inc (SU.TO: Quote), Canada’s largest oil and gas company, said on Wednesday it was moving ahead with its Fort Hills oil sands project in Northern Alberta, with first production expected as soon as the fourth quarter of 2017.
Read more: http://tinyurl.com/obd24qk
Berkshire Hathaway Inc. reported a stake in Suncor Energy Inc. and added to a holding in General Motors Co. as billionaire Chairman Warren Buffett and his deputies spent the most on stocks in a quarter since 2011.
Read more: http://tinyurl.com/o338mvd
CALGARY – Suncor Energy Inc. says maintenance downtime and pipeline outages had an impact on its second-quarter profits, but the company expects operations will “run reliably” for the rest of 2013.
Read more: http://tinyurl.com/p7d3grd
Wages for Suncor’s oilsands workers will go up 10.5% over three years after the oil company’s union ratified a new agreement.
The agreement, ratified by the Communications, Energy and Paperworkers Union’s national energy committee Tuesday, raises wages by 3.25%, 3.5% and 3.75% for each of the three years of the deal, respectively.
Read more: http://tinyurl.com/oz8xwgu
Everyone who keeps saying Alberta needs to upgrade more of the bitumen produced in the province were handed a big dose of reality Wednesday when Suncor and Total S.A. announced they were shelving the Voyageur upgrading project.
The decision included Suncor buying back Total’s 49-per-cent interest for $515 million, a figure that took some by surprise.
Read more: http://tinyurl.com/bvhox6u
Suncor Energy Inc. will spend nearly $1-billion less to expand in the oil sands next year, with its 2013 budget cutting nearly in half spending in the Fort McMurray region compared to early expectations for 2012.
In a shift of course this year, Suncor pledged to focus on profit over growth in coming years, and launched what it called a “rigorous” review of the costs of new oil sands projects.
Read more: http://tinyurl.com/c9ttbw3