Suncor

Suncor CEO Rich Kruger Named Canadian Business Leader of the Year by Canadian Chamber of Commerce CALGARY — Rich Kruger, President and CEO of Suncor Energy, has been named the Canadian Business Leader of the Year by the Canadian Chamber of Commerce. The prestigious honour recognizes Kruger’s transformative leadership since taking the helm of the […]

Suncor Energy Inc. closed out its 2024 fiscal year on a strong note, beating analysts’ expectations and setting operational records in Q4. The Calgary-based oil major posted $3.5 billion in adjusted funds from operations and generated $1.9 billion in free funds flow. The company returned $1.7 billion to shareholders through dividend payments of $700 million, […]

CNRL Announces Major Production and Spending Increase for 2025 Canadian Natural Resources Limited (CNRL) is ramping up its oil production and capital spending in 2025, signaling renewed optimism in Alberta’s energy sector. On Thursday, the Calgary-based company announced plans to increase its average annual production to between 1.51 million and 1.55 million barrels of oil […]

Suncor Reports Record-Breaking Production and Refining Results for 2024 Suncor Energy (TSX: SU) has announced record-breaking operational results for 2024, highlighting significant growth in oil sands production and refinery utilization. The company achieved an annual average production of 827,000 barrels per day (bbls/d), an 11 per cent increase from 2023. Fourth-quarter production reached a record […]

Suncor Exceeds Q3 Expectations with Strong Production and Shareholder Returns Suncor Energy reported strong third-quarter financial results, surpassing analyts’s profit estimates and achieving high production levels across its operations. The Calgary-based oil giant generated $3.8 billion in adjusted funds from operations, while its adjusted profit of $1.48 per share beat expectations by 37%. Free funds […]

Contractor Facing Charges in 2023 Worker Death at Mildred Lake FORT MCMURRAY, Alberta— Pacific Rim Industrial faces charges under Alberta’s Occupational Health and Safety Act following the death of a worker at Syncrude’s Mildred Lake site in June 2023. The contractor’s employee, Milo Sagmoen , was working on a Chemtrade building where he was removing construction […]

The group of wildfires burning near the Firebag River, just kilometers from a Suncor oilsands site, is being renamed the “Cattail Complex” by Alberta Wildfire. Of the six fires comprising the Cattail Complex, five are under control, showing no recent hot spots. All six fires were caused by lightning. Fire MWF-047 within the complex continues […]

Syncrude Canada will pay $390,000 for failing to ensure the health and safety of a worker. On April 4, 2024, the company entered a guilty plea to one charge of failing to ensure the safety of a worker under the Occupational Health and Safety Act. The legal action comes from a June 6, 2021, incident […]

Nov. 27, 2023 9:45 a.m. Update: Suncor says they plan to implement automated alarms to provide early awareness if operating conditions change. — The Alberta Energy Regulator (AER) is reporting a leak from Suncor’s Fort Hills oil sands site. The AER says Suncor reported an unplanned release to the Alberta Environmental and Dangerous Good Emergencies […]

Suncor is purchasing French Energy giant, TotalEnergies EP Canada Ltd. (Total) Canadian operations. The $1.468 billion acquisition means Suncor takes over Total’s 31.23 per cent working interest in the Fort Hills oil sands mining project (Fort Hills) and adds 61,000 barrels per day of net bitumen production capacity along with 75 million barrels of proved […]