Search results
Results From The WOW.Com Content Network
In 2015 Suncor courted Canadian Oil Sands, the largest owner of the Syncrude project with 37% ownership (compared with Suncor's 12%), with proposals for acquisition and hostile takeover. [17] In January 2016 they reached an agreement with Suncor acquiring COS for C$6.6 billion, raising its Syncrude ownership to 49%. [18]
Suncor (SU) expects first-quarter 2018 production to be 685,000 barrels of oil equivalent per day (BOE/d), reflecting a decline on both year over year and sequential basis. Suncor Cuts Syncrude ...
For premium support please call: 800-290-4726 more ways to reach us
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 ...
For premium support please call: 800-290-4726 more ways to reach us
On March 23, 2009, Suncor Energy announced its intent to acquire Petro-Canada, which would form a company with a combined market capitalization of C$43.3 billion. Suncor planned to rebrand its existing Sunoco-branded retail operations in Ontario under the Petro-Canada name following the completion of the acquisition. [5] [6] [7] [8]
Syncrude's second mine began operation in 1978 and is the biggest mine of any type in the world. The third mine in the Athabasca Oil Sands, the Albian Sands consortium of Shell Canada , Chevron Corporation , and Western Oil Sands Inc. (purchased by Marathon Oil Corporation in 2007) began operation in 2003.
Syncrude Canada, Suncor Energy Inc., and Canadian Natural Resources Limited are the three largest worldwide producers of synthetic crude with a cumulative production of approximately 600,000 barrels per day (95,000 m 3 /d).