Tag: Syncrude
Syncrude charged with 2015 blue heron deaths, maximum fine is $500,000
Location blue herons died didn’t have waterfowl protection but does now The Alberta Energy Regulator (AER) has charged Syncrude Canada Ltd. for the deaths of 31 great blue herons found at a sump at the company’s Mildred Lake oil sands mine north of Fort McMurray in Aug. 2015, according to a press release. The company […]
Fossil discoveries at Syncrude oil sands mine becoming a regular occurance
The fossils documented will be submitted to Royal Tyrrell Museum in Drumheller It seems every year, miners at Syncrude and other oil sands operations are finding more proof that northeast Alberta was once a sea, according to a press release. Just a few short months after the company celebrated the 25th anniversary of the first […]
Nexen cuts oil sands output due to Syncrude shutdown
March fire at Syncrude facility leads to shortage of synthetic crude Nexen Energy is the second Alberta oilsands company to report cutting production due to a shortage of synthetic crude after a fire at the Syncrude plant in March forced a total shutdown of the facility. The interruption in production at the 350,000 b/d plant […]
Syncrude shutdown cuts ConocoPhillips oil sands production
Syncrude shutdown forced by March plant fire A fire at the Syncrude oilsands facility last month that caused significant damage to the plant, has resulted in a complete production cut at the 350,000 b/d northern Alberta operation for the month of April. The temporary Syncrude shutdown has also curtailed output from the ConocoPhillips’ Surmont plant. The 140,000 b/d […]
Suncor CEO: 1,700 jobs cut in 2015, company ‘overachieved’ on cost cutting
Suncor does not rule out more oilsands buyouts including MEG Energy, Cenovus CALGARY _The CEO of Canada’s biggest oilsands player says about 1,700 jobs were shed over the past year or so _ far surpassing its original target. Just over a year ago, Suncor Energy (TSX:SU) announced it would be cutting 1,000 jobs because of the […]
Suncor COS takeover: Key things to know about $6.6B deal
Suncor ups offer to $6.6B CALGARY _ Suncor Energy has reached a friendly takeover deal with Canadian Oil Sands after bumping up its all share offer by 12 per cent. The company now is offering 0.28 of a Suncor (TSX:SU) share for each COS (TSX:COS) share, resulting in a $6.6-billion friendly deal between the two […]
Canadian Oil Sands claims victory, calls on Suncor to disclose results
Takeover deal: One quarter of a Suncor share for each Canadian Oil Sands share CALGARY _Canadian Oil Sands is claiming victory in a bitter oilpatch takeover battle, but says shareholders deserve to know exactly how much support the hostile $4-billion bid from Suncor Energy garnered before it was extended past its Friday night deadline. Oilsands […]
Last day for COS shareholders to decide on Suncor bid
COS says it is poised to prosper once crude prices recover CALGARY _ Shareholders in Canadian Oil Sands have until this evening to decide whether to accept a takeover offer from Canada’s dominant oilsands producer. Suncor’s Energy’s hostile all-stock bid, worth just over $4 billion, expires at 6 p.m. MT on Friday. It needs two-thirds […]
Oil sands cost reductions illustrated by Syncrude 2016 budget
“Syncrude’s success in reducing its cost structure is exceeding market expectations.” – Kubik Canadian Oil Sands Limited (“COS”) today announced its budget for 2016, demonstrating Syncrude’s competitiveness and resilience in a lower oil price environment; operating and capital costs in 2016 will be down significantly from prior years while still enabling production growth. Syncrude Canada Ltd. […]
Arguements in Canadian Oil Sands hostile takeover bid by Suncor heard by Alberta Regulator
Canadian Oil Sands has four ‘highly credible’ parties scoping out a deal with the company CALGARY _ The Alberta Securities Commission will hear arguments today into whether Canadian Oil Sands should be allowed to keep its defence against hostile takeovers. Suncor Energy took a $4.5-billion all-stock offer directly to shareholders on Oct. 5 after attempts […]
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