Etiket: Suncor
Trans Mountain | Suncor sees potential to benefit from pipeline expansion
(Calgary) Suncor says it will undoubtedly benefit from the opening of the Trans Mountain pipeline, which runs from Alberta to coastal British Columbia. Posted at 5:21 p.m. The pipeline expansion…
Fourth trimester | Suncor produced 808,000 barrels per day
(Calgary) Suncor Energy reports its fourth quarter upstream production was 808,000 barrels per day, the second highest quarterly production in its history. Posted at 11:03 a.m. The Calgary-based company says…
Suncor still looking to cut costs, despite recent layoffs
(Calgary) Suncor Energy said Thursday it had completed a 1,500 layoff operation two months ahead of schedule, but added it would continue to be on the lookout for opportunities for…
Energy transition | Suncor CEO reprimanded before parliamentary committee
The Conservatives came to the defense of the CEO of Suncor on Monday, while the Bloc Québécois and the New Democratic Party insistently questioned Rich Kruger on his recent controversial…
Energy transition | NDP wants to question Suncor CEO
(Ottawa) NDP MP Charlie Angus will ask the Commons Standing Committee on Natural Resources to summon the president and CEO of oil sands giant Suncor when the House resumes work…
Cyberattack against Suncor | Hackers gained access to Petro-Canada customer data
(Calgary) The cyberattack that affected Suncor Energy and its chain of Petro-Canada gas stations has allowed hackers to access certain data of its customers, the oil company said Thursday. Posted…
Suncor | Mitigation efforts continue after cyberattack
(Calgary) Canada’s top technical authority on cybersecurity said it was working closely with Suncor Energy following a high-profile breach of the energy giant’s computer systems. Posted at 2:28 p.m. The…
Suncor victim of a cybersecurity incident
Canadian oil company Suncor Energy confirmed on Monday that it was the victim of a cyberattack. The Calgary-based energy giant said in a press release on Sunday evening that it…
Suncor Energy victim of a cybersecurity incident
(Calgary) The Canadian oil company Suncor Energy confirmed Monday that it had been the victim of a cyberattack. Posted at 7:05 a.m. Updated at 11:55 a.m. Amanda Stephenson The Canadian…
Suncor Energy will cut 1,500 jobs by the end of the year
(Calgary) Suncor Energy will cut 1,500 jobs by the end of the year as its new president and CEO, Rich Kruger, continues his efforts to cut expenses and improve the…
Suncor wants to focus on cost reductions
(Calgary) Suncor Energy’s new boss says he is focused on cutting costs as he works to improve the oil sands giant’s performance. Posted at 3:11 p.m. Amanda Stephenson The Canadian…
Suncor Energy sells North Sea assets for $1.2 billion
(Calgary) Suncor Energy has signed an agreement to sell its North Sea assets to Equinor UK in a deal valued at around $1.2 billion. Posted at 11:20 a.m. Suncor’s interim…
Suncor | The identity of the new boss known “very soon”
(Calgary) Suncor Energy did not announce the identity of its new chief executive during its fourth-quarter earnings conference call on Wednesday, but its interim chief executive, Kris Smith, said a…
Third quarter | Suncor reports net losses of 609 million
(Calgary) Suncor Inc. reports net losses of $609 million in the third quarter as it suffered a $3.4 billion writedown in the value of its shares in the Fort Hills…
Safety at work | Suncor must take action, says its big boss
(Calgary) Suncor Energy’s new interim chief executive says the oil and gas giant is ready to stop studying its workplace safety problem and instead start implementing solutions. Posted at 1:16…
Suncor | Profits quadruple in the second quarter compared to 2021
(Calgary) Suncor points to $3.99 billion profit in the second quarter of 2022, or $2.84 per share, which is more than four times the $868 million profit in the same…
Activist investor | Suncor agrees with Elliott Investment Management
(Calgary) Suncor Energy said Monday it has reached an agreement with activist investor Elliott Investment Management that will allow it to undertake a strategic review of its downstream retail business…
Activist investor | Suncor agrees Elliott Investment Management
(Calgary) Suncor Energy said Monday it has reached an agreement with activist investor Elliott Investment Management that will allow it to undertake a strategic review of its downstream retail business…
Suncor cancels Investor Day after CEO resigns
(Calgary) Suncor Energy has canceled a scheduled business update following the resignation last week of CEO Mark Little. Posted yesterday at 4:13 p.m. Amanda Stephenson The Canadian Press The Calgary-based…
Suncor Energy CEO resigns
(Calgary) Calgary-based Suncor Energy announces that Mark Little has resigned as President and CEO and from the Board of Directors, effective immediately. Posted at 9:36 p.m. Suncor Energy said in…