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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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Notley seeking industry interest in increased refining capacity for Alberta

Premier Notley greets members of the Building Trades of Alberta while announcing a new Expression of Interest for refining in the province.

As part of a made-in-Alberta strategy to get more value for Alberta's energy resources, Premier Rachel Notley announced the government is issuing a Request for Expression of Interest to determine business cases for investing in a new refinery in Alberta or tied to Alberta production.

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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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Oil Sands Advisory Group provides first round of advice to Alberta government

Oil Sands Advisory Group provides first round of advice to Alberta government

The government of Alberta has received the first round of consensus advice from its Oil Sands Advisory Group (OSAG). The group is composed of leaders from the oil sands industry, environmental groups, and affected communities. Its first task was to advise the province on growing oil sands production in compliance with its legislated 100 megatonne cap on annual emissions.

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Alberta names committee members for Energy Diversification Advisory group

Alberta names committee members for Energy Diversification Advisory group

An expert committee assigned to help diversify Alberta’s energy sector will explore opportunities to create jobs and stimulate investment by adding value to the province’s energy resources.

“We can’t live in the past. We need to build an economy of the future. That’s why I’m excited to have a diverse and talented group on board to provide their insights and expertise on how we can make better use of our wealth of energy resources," said Alberta Minister of Energy Margaret McCuaig-Boyd. "No other place in the world has the incredible range of energy resources that Alberta has, and we need to take a good look at how we can better use it all to create more jobs and investment for Albertans.”

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