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Suncor Energy Inc. (French: Suncor Énergie) is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands . In the 2020 Forbes Global 2000 , Suncor Energy was ranked as the 48th-largest public company in the world.
By 2013, Suncor and CNRL—Canada's two largest petroleum companies were also among top eleven of the country's most valuable companies. [13] In 2011, Canadian Natural Resources, overtook Suncor to become Canada's largest producer. Suncor produced 549,000 boe/d in 2012 only slightly higher than in 2011. [14]
Petro-Canada was founded as a Crown Corporation in 1975 by an act of Parliament. It started its operations on 1 January 1976. The company was given C$1.5 billion in start-up money and easy access to new sources of capital.
Suncor Energy (formerly Petro-Canada prior to merger in Aug 2009) still operates from the site as a storage terminal. It was the third refinery to close along Lake Ontario; Shell's Oakville refinery was closed in 1983, and Esso's Mississauga, Ontario refinery located further east on Lakeshore Road closed in 1985.
Suncor Great Canadian Oil Sands Limited was a Canadian heavy oil company that existed between 1953 and 1979. In 1962, GCOS received a permit from the Alberta government to build a 31,500 barrels-per-day synthetic crude plant in the Athabasca oil sands .
Like the plants at Syncrude, Suncor and Shell's Scotford facility near Edmonton, these refinery-like operations turn heavy oil and bitumen into lighter and lower-sulfur, more desirable crude. In the late 1970s, a group of heavy oil producers (Gulf, Husky, Shell, PetroCanada and SaskOil ) proposed the Plains Upgrader.
The Suncor Energy Centre, [5] formerly the Petro-Canada Centre, is a 181,000-square-metre (1,950,000 sq ft) project composed of two granite and reflective glass-clad office towers of 32 floors and 52 floors, in the office core of downtown Calgary, Alberta.
Richard Michael Kruger (born March 10, 1959) is an American business executive presently serving as chief executive officer of Suncor Energy.He is the former CEO, chairman, and president of Imperial Oil, serving from 2013 to 2019. [1]