Legal Advisory – Forward-Looking Information
[Read release]CALGARY, ALBERTA--(Marketwired - Jan. 29, 2018) - Suncor today announced that the Fort Hills project is continuing its steady ramp up of production following the safe startup of secondary extraction on Jan. 27, 2018. Fort Hills, which is located approximately 90 kilometres north of Fort McMurray, has a capacity of approximately 194,000 barrels per day (bbls/d), approximately 103,000 bbls/d net to Suncor.
[Read release]CALGARY, ALBERTA--(Marketwired - Jan. 3, 2018) - Suncor today provided a business update for the fourth quarter of 2017, highlighting upstream production of 736,000 barrels of oil equivalent per day (boe/d), which is in line with record production from the third quarter of 2017. Oil sands operations produced approximately 447,000 barrels per day (bbls/d) including 6,000 bbls/d from Fort Hills. Syncrude produced 325,000 bbls/d for the quarter, 174,000 bbls/d net to Suncor. Production from other upstream assets remained solid with total production from Exploration & Production assets in Canada, the U.K. and Libya of 115,000 boe/d.
[Read release]CALGARY, ALBERTA--(Marketwired - Dec. 4, 2017) - Suncor today took its first steps in the regulatory process to replace coke-fired boilers with two cogeneration units at its Oil Sands Base Plant as a part of its plan to remain globally cost and carbon competitive. In addition to providing the facility with steam needed for its operations, the cogeneration units are expected to export approximately 700 megawatts (MW) of electricity to the provincial grid, equivalent to roughly seven per cent of Alberta's current electricity demand.
[Read release]CALGARY, ALBERTA--(Marketwired - Nov. 22, 2017) - Suncor, Fort McKay First Nation (FMFN) and Mikisew Cree First Nation (MCFN) today announced the completion of the acquisition by FMFN and MCFN of a 49 per cent partnership in Suncor's East Tank Farm Development for total proceeds of $503 million.
[Read release]CALGARY, ALBERTA--(Marketwired - Nov. 15, 2017) - Suncor released its 2018 corporate guidance today which includes a capital program of between $4.5 and $5.0 billion and average upstream production of 740,000 to 780,000 barrels of oil equivalent per day (boe/d). The midpoints of these ranges represent a year over year production increase of more than 10 per cent and a capital spending reduction of approximately $750 million.
[Read release]CALGARY, ALBERTA--(Marketwired - Nov. 9, 2017) - Steve Williams, chief executive officer at Suncor, today announced the appointment of Mark Little, currently president, Upstream, as chief operating officer (COO).
[Read release]CALGARY, ALBERTA--(Marketwired - Oct. 25, 2017) -
[Read release]CALGARY, ALBERTA--(Marketwired - July 26, 2017) -
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