Suncor Energy Inc.

P.O. Box 2844
150 - 6 Avenue S.W.
Calgary, AB
CA, T2P 3E3

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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.

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Suncor Energy announces 2019 capital program and production outlook

Suncor's 2019 capital range incorporates flexibility to respond to volatile market conditions with the mid-point of the range representing a flat capital spend and a lower investment in Alberta year over year.

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.

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Alberta calls for production cuts to combat oil price gap

Alberta Premier Rachel Notley has announced a production cut of 8.7 percent to take effect on oil producers in the province January 1, 2019. – Government of Alberta, via Flickr; used under Creative Commons license

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.

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Successful Fort Hills startup brings good jobs and strong energy future

Premier Rachel Notley, Suncor President and CEO Steve Williams along with Fort McKay Chief Jim Boucher and Energy Minister Margaret McCuaig-Boyd and others cut the ribbon to officially open Suncor Fort Hills. – Province of Alberta via flickr; used under Creative Commons license

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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Suncor releases Report on Sustainability for 2018

Suncor releases Report on Sustainability for 2018

Suncor has released its 2018 Report on Sustainability which details the company's environmental, social and economic performance. It also includes Suncor's perspective on the challenges and opportunities of climate change, and the transition to a low-carbon economy. This year's report is available both online and as a downloadable PDF.

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