ALBERTA – Suncor Energy announced Jan. 29, 2018, that operations at the Fort Hills oil sands project 90 km north of Fort McMurray, is ramping up toward 90% of its 194,000 bbl/day capacity by the end of the year. “With…
ALBERTA – The Fort Hills oil sands project is ready to produce its first barrel of oil by the middle of this month, reports the operator Suncor Energy of Calgary. The project is located about 90 km north of Fort…
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%…
ALBERTA – Total E&P, an arm of the French petroleum producer, has agreed to sell a 10% working interest in the Fort Hills oil sands project to Suncor Energy of Calgary for a reported $310 million. The $15-billion project 90 km north…
ALBERTA – Suncor Energy, headquartered in Calgary, generated cash flows in excess of $2.1 billion in Q2 2015, despite the recent drop in crude oil prices. Earnings were in the black, too. The operating figure was $906 million ($0.63 per…
CALGARY, Alberta – A $1.3-billion engineering, procurement, fabrication and construction contract has been awarded to Fluor Corp. by Fort Hills Energy for the utilities scope of its Fort Hills oil sands mining project. The project is…
ALBERTA – Total E&P Canada has quietly put the $11-billion Joslyn oil sands project near Fort McMurray on hold indefinitely, saying the costs of the project are too high to justify going forward. The project was in the detailed…
ALBERTA – KSB Pumps is the winner of the contract to supply a dozen large capacity water transport pumps for the Fort Hills oil sands project. The $13.5 billion project 90 km north of Fort McMurray is a partnership of Suncor Energy, Teck…
The Fort Hills oil sands project 90 km north of Fort McMurray, AB, has been in the works for over a decade, but on Oct. 31 the partners announced that they will commit $13.5 billion to building it with a start-up date set for the end of 2017.
Twelve of this country’s oil sands producers have launched Canada’s Oil Sands Innovation Alliance (COSIA), an alliance focussed on making positive environmental change more quickly in their sector.
ALBERTA – Calgary-based Suncor Energy and Total E&P Canada have created a strategic alliance that will result in advancing the Fort Hills oil sands project and Voyageur upgrader to production in 2016.
ALBERTA – Calgary-based Suncor Energy has announced plans to increase production to more than one 1 million bbl of oil equivalent daily by 2020. The company says it will boost oil sands production by 10% per year and company-wide production by…