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Suncor Energy Inc.

Address P.O. Box 2844, 150 - 6 Avenue S.W., Calgary, AB, T2P 3E3, CA
Tel 403-296-8000
Fax 403-296-3030
Website suncor.com
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Suncor Energy provides fourth quarter 2018 operations update

Suncor has provided an operations update for the fourth quarter of 2018, highlighting total upstream production of 831,000 barrels of oil equivalent per day (boe/d), which is a quarterly production record and represents an increase of 12% from the third quarter of 2018.  This record-breaking quarter reflects the results of the significant investment developing Fort Hills, and Suncor's ongoing operational excellence focus across its assets, particularly at the Syncrude joint venture.

Suncor Energy announces 2019 capital program and production outlook

Suncor released its 2019 corporate guidance  which includes a capital program of between $4.9 and $5.6 billion and average upstream production of 780,000 to 820,000 barrels of oil equivalent per day (boe/d). The midpoints of these ranges represent a flat capital spend compared to 2018 and a year over year production increase of approximately 10%, including estimated mandatory production curtailments, from approximately 730,000 boe/d in 2018.

Alberta calls for production cuts to combat oil price gap

Alberta Premier Rachel Notley has announced a temporary slowdown in oil production in the province to try and combat low prices for Albertan oil driven by a lack of shipping capacity to U.S. refiners. That gap is costing the country more than $80 million daily, according to the Alberta government, which blames the troubles largely on the federal government's inability to move pipeline construction forward.

Suncor announces Williams retirement and succession plan

Suncor  announced that Steve Williams will retire as chief executive officer at the company's Annual General Meeting on May 2, 2019. Mark Little, chief operating officer is appointed president effective immediately and will assume the role of chief executive officer upon Williams' retirement next May.

Successful Fort Hills startup brings good jobs and strong energy future

Alberta Premier Rachel Notley and Energy Minister Margaret McCuaig-Boyd joined Suncor officials, local contractors, First Nations leaders and other delegates to celebrate the grand opening of Fort Hills, a project which put 7,900 people to work at the peak of construction and is employing 1,400 people full time now that the facility is operational.

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