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Syncrude Canada Ltd. is one of the world's largest producers of synthetic crude oil from oil sands and the largest single source producer in Canada.It is located just outside Fort McMurray in the Athabasca Oil Sands, and has a nameplate capacity of 350,000 barrels per day (56,000 m 3 /d) of oil, equivalent to about 13% of Canada's consumption. [1]
As of 2009, Syncrude and Irving Oil were leaders in the Canadian industry, with Syncrude being the top producer of oil sands crude and Irving Oil operating the largest oil refinery in the country. [5] Canadian oil company profits quickly recovered following the 2008 financial crisis; In 2009 they were down 90% but in 2010 they reached $8.4 billion.
After the rejection, on 4 December 1964, the Cities group joined to form Syncrude Canada Ltd., whose first president was Frank Keller Spragins (1914–1978) of Imperial. [1] The Syncrude group later resubmitted an application to build a plant, and in 1969 the proposal was approved by the government.
KBR Canada subsidiary, KBR Industrial Canada, Co., as the General Contractor, will provide constructability, module fabrication and construction services for FFT-CFSP, a project using Syncrude's ...
Western Canada is the source of all products transported by Pembina pipeline systems which include the Syncrude pipeline, Horizon pipeline, and Cheecham oilsands pipelines. Pembina Pipeline Corporation became an income fund (trust) in 1997 joining the Toronto Stock Exchange with an IPO of $600 million.
This page was last edited on 1 May 2008, at 07:05 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply ...
There are currently three large oil sands mining operations in the area run by Syncrude Canada Limited, Suncor Energy and Albian Sands owned by Shell Canada, Chevron, and Marathon Oil Corp. Major producing or planned developments in the Athabasca Oil Sands include the following projects: [164]
With the establishment of Petro-Canada, the federal government transferred its 45% stake in Panarctic Oils Ltd. and its 12% stake in Syncrude to the newly established company. In 1976, Petro-Canada purchased Atlantic Richfield Canada, in 1978 Pacific Petroleums, and in 1981 the Canadian operations of Petrofina.