Suncor Energy Inc.

Suncor Energy today announced that the agreement dated July 16, 2022 with Elliott Investment Management L.P. , has, in the interest of continued cooperation, been amended by the agreement of the parties to extend the right for Elliott to appoint an additional director to the board of Suncor from January 31, 2023 to March 17, 2023. Suncor is Canada's leading integrated energy company. Suncor's operations include oil sands [...]

Suncor Energy: Not that long ago, Veronica Big Plume , donned a cap and gown and walked across a stage during a graduation ceremony at Mount Royal University. She holds a Bachelor of Arts in sociology from the school but has also been an initiated member of both the Medicine Pipe Society and Beaver Pipe Society through the Siksika community since 2014. She and her brother have twice sponsored the Tobacco Dance, which is [...]

Suncor Energy Chris Fitzgerald has always loved to solve problems. Ever since he started with Petro?Canada over 15 years ago, he has worked all over Suncor with one common theme-taking complex problems and finding solutions that work for employees, leaders and the business. Chris, who is currently a development manager focused on optimization for Business and Operations Services at Suncor, and his team were recently [...]

Suncor Energy today provided an update related to its Commerce City refinery. Due to the extreme and record-setting weather impacting much of the United States, including Denver, Colorado, Suncor's Commerce City refinery experienced equipment damage in the days leading up to December 24th, 2022. Consistent with our operational excellence and safe operating practice, on December 24th it was determined that the entire [...]

Suncor Energy announces that it has been made aware of an application that has been filed today by TotalEnergies EP Canada Ltd. in the Court of King's Bench of Alberta related to the validity of the right of first refusal notice delivered to it by Teck Resources Ltd. in connection with the sale of Teck's 21.3% interest in Fort Hills to Suncor. Suncor supports Teck's view on the validity of the ROFR Notice and believes the [...]

Current global unrest and ongoing impacts from the pandemic have brought the security of supply of energy and resource products into sharp focus, not just for Canadians but our allies around the world. This priority was reinforced at the highest political levels with Deputy Prime Minister Chrystia Freeland saying in a recent speech that "Canada must - and will - show similar generosity in fast-tracking, for example, the [...]

Suncor Energy As the saying goes, if you're planning effectively, you'll always be changing your plans. So, what happens when your business plan, and the world around us, changes? Since the early 1980s, Petro?Canada has held three legacy exploration permits off the coast of British Columbia. These licenses cover an area of 23,000 square kilometres, or about two thirds of the size of Vancouver Island. Parts of these [...]

Suncor Energy: Suncor hit a major milestone this month as our in situ oil sands operations produced their combined one billionth barrel of oil. The milestone was 20 years in the making for our MacKay River and Firebag facilities, which began producing in 2002 and 2004 respectively. The achievement represents our commitment to ingenuity, innovation and investment in improving technology. "One billion barrels is an exciting [...]

Suncor Energy released its 2023 corporate guidance today. "Over the past several months, our new mining leadership has done an in-depth review of our assets and developed a multi-year plan that will deliver marked improvements in safety, reliability and operational performance," said Kris Smith interim president and chief executive officer. "In addition, we will continue to optimize our assets to drive value and future [...]

Suncor Energy's Board of Directors, today announced that following a comprehensive review, it has decided to retain and continue to improve and optimize the Petro-Canada retail business, increasing its EBITDA contribution and strengthening Suncor's integrated refining & marketing business. This will include continued optimization of the Petro-Canada retail sites across the network as well as continued expansion of [...]