Suncor Energy
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OIL SANDS: Suncor to phase in autonomous haul trucks over six years
ALBERTA – Suncor Energy said on Jan. 30, 2018, that it will phase in autonomous truck haulage at all the projects it operates, starting with the North Steepbank oil sands mine. Over the next six years, the program will be…
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OIL SANDS: Suncor gets okay to begin new tailings management system
ALBERTA – Suncor Energy said on Oct. 25 that it has received approval from the Alberta Energy Regulator for its base plant tailings directive application and related Millennium operational amendment application. Suncor can now work on implementing its tailings management…
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AWARDS: Corporate Knights names 50 best corporate citizens
TORONTO – Corporate Knights has once more released its annual list of the Best 50 Corporate Citizens in Canada. Several mining companies that take social responsibility seriously made the cut. Here they are: Cameco Corp. No.5 (with an overall score…
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OIL SANDS: Fort Hills on track for production late this year
ALBERTA – The new Fort Hills oil sands project was 76% complete at the end of last year, putting it on track to begin producing oil late in 2017. The project is owned 50.8% by Suncor Energy (the operator), 20.0%…
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ACQUISITION: Suncor Energy sells Petro-Canada Lubricants business for $1.125 billion
CALGARY: Suncor Energy today announced it has reached an agreement to sell its Petro-Canada Lubricants Inc. (PCLI) business to a subsidiary of HollyFrontier Corporation for gross proceeds of $1.125 billion, subject to customary closing adjustments. The sale includes PCLI’s production and…
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OIL SANDS: Suncor, Fort McKay FN create equity partnership for tank farm
ALBERTA – Suncor Energy and the Fort McKay First Nation have signed a participation agreement for the First Nation to take a 34.3% equity interest in the East Tank Farm development. The Fort McKay First Nation will pay 34.3% of…
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OIL SANDS: Fort McMurray lost Oil Sands production could reach $1.4 billion
Analysts say lost oilsands production from the Fort McMurray wildfire could top 30 million barrels and cost the industry upwards of $1.4-billion. Some of the largest oilsands producers in the province were forced to shut down or curtail operations last…
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OIL SANDS: Suncor begins remobilization of workers
ALBERTA – On May 23 Suncor said the remobilization of workers to its oil sands mines and plants has begun. Operations were disrupted by devastating forest fires that struck the Fort McMurray area earlier in the month. The Regional Emergency…
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WILDFIRES: Help pouring in for Fort McMurray residents
ALBERTA – Wildfires fanned by winds up to 75 km/h continued out of control for the third day at Fort McMurray, home to this country’s oil sands producers. The fire has now consumed an area the size of Calgary –…
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OIL SANDS: Suncor completes acquisition of Canadian Oil Sands
CALGARY – Suncor Energy has completed its acquisition of Canadian Oil Sands Limited following shareholder approval of the agreement at a special meeting of COS shareholders on March 21,2016. Suncor now owns 100% of the issued and outstanding COS shares.…
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MINING PEOPLE: Pilot Gold, Stria Lithium, Suncor, and Teck
Vancouver-based Pilot Gold has named Cal Everett president and CEO. He is a geologist with more than 14 years of experience with senior mining companies. He moved to the financial sector from 1990 to 2008 when he became president and…
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OIL SANDS: Suncor wrapping up acquisition of COS
CALGARY – Suncor Energy’s offer for all the common shares of Canadian Oil Sands has expired, with 84.2% or 408.1 million COS shares tendered to the offer. For each share held, COS investors will receive 0.28 of a Suncor share,…
