CALGARY, ALBERTA--(Marketwired - Oct. 20, 2016) - Suncor will release its third quarter financial results on Oct. 26, 2016 before 8:00 p.m. MT (10:00 p.m. ET). A webcast to review the third quarter will be held on Oct. 27 at 7:30 a.m. MT (9:30 a.m. ET). Representing management will be Steve Williams, president and chief executive officer and Alister Cowan, executive vice president and chief financial officer. A question [...]
CALGARY, ALBERTA--(Marketwired - Oct 17, 2016) - Suncor and Mikisew Cree First Nation (MCFN) today announced the signing of a participation agreement for the purchase by MCFN of a 14.7% interest in Suncor's East Tank Farm Development. Under the terms of the agreement, MCFN will pay 14.7% of the actual capital cost of the East Tank Farm Development once the assets become operational, which is currently anticipated to be in [...]
CALGARY, ALBERTA--(Marketwired - Oct 6, 2016) - Suncor Energy UK Limited ("Suncor") today announced it has closed the previously announced purchase of a 30 per cent participating interest in the U.K. North Sea Rosebank project from OMV (U.K.) Limited. All necessary regulatory approvals have been received and as per the agreement, Suncor has made an initial payment of US$50 million to OMV (U.K.) Limited. In the event the [...]
All financial figures are in Canadian dollars CALGARY, ALBERTA--(Marketwired - Sep 21, 2016) - Suncor reports that it has been advised by the operator of the Shelburne Basin joint venture exploration project, Shell Canada Limited, that the drilling of the first exploration well has been completed and it is non-commercial. As a result, in the third quarter of 2016 Suncor will write off its share of the cost of the well [...]
CALGARY, ALBERTA--(Marketwired - Sept. 16, 2016) - Suncor today provided an update on its work with Nsolv Corporation to test solvent-based extraction techniques and explore advancing the technology to commercial scale implementation. Suncor will continue to test the Nsolv technology, which uses a solvent in place of steam in current in situ bitumen extraction techniques. Since 2013, Suncor and Nsolv have been working [...]
CALGARY, ALBERTA--(Marketwired - Sept. 8, 2016) - Suncor announced today that it will issue an aggregate of $1.0 billion of senior unsecured Series 5 Medium Term Notes (the "Offering"). The Offering will be conducted in two tranches consisting of $700 million of senior unsecured Series 5 Medium Term Notes maturing on Sept. 14, 2026 (the "2026 Notes") and $300 million of senior unsecured Series 5 Medium Term Notes maturing [...]
CALGARY, ALBERTA--(Marketwired - Sep 6, 2016) - Suncor and Fort McKay First Nation today announced the signing of a participation agreement for the purchase and sale of a 34.3% equity interest in Suncor's East Tank Farm Development to Fort McKay First Nation. Under the terms of the agreement, Fort McKay First Nation will pay 34.3% of the actual capital cost of the East Tank Farm Development once the assets become [...]
CALGARY, ALBERTA--(Marketwired - Sep 2, 2016) - Steve Williams, president and chief executive officer, will present at the Barclays CEO Energy/Power Conference on Wednesday, Sept. 7, 2016 at 5:45 a.m. MT (7:45 a.m. ET). The webcast link will be available on Suncor's website at suncor.com/webcasts, or at the following URL for 180 days: https://cc.talkpoint.com/confcastsignup/barc002/090616a_js.asp Suncor Energy is Canada's [...]
Renewal introduces new Petro-Points Family & Friends Program CALGARY, ALBERTA--(Marketwired - Aug 20, 2016) - Suncor, through its Petro-Canada brand, today announced continued support of Canadian athletes, coaches and their families for an additional eight years as a National Partner of the Canadian Olympic Committee (COC). The announcement took place at Canada Olympic House in Rio de Janeiro. The renewed sponsorship [...]
CALGARY, ALBERTA--(Marketwired - Aug 20, 2016) - Editors note: There are two (2) videos associated with this press release. Petro-Canada, a Suncor business, today announced the 2016 Fuelling Athletes and Coaching Excellence (FACE™) Program grant recipients. The FACE athletes from across Canada represent 39 different summer and winter sports in both individual and team events. Every year, Petro-Canada selects [...]
CALGARY, ALBERTA--(Marketwired - Aug. 9, 2016) - Suncor Energy UK Limited ("Suncor") today announced it will acquire a 30 per cent participating interest in the U.K. North Sea Rosebank project from OMV (U.K.) Limited. Under the terms of the agreement, Suncor will make an initial payment of US$50 million on closing. The transaction is subject to conditions, including regulatory approval, and is anticipated to close in the [...]
CALGARY, ALBERTA--(Marketwired - July 27, 2016) - Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a [...]