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The CEO of Suncor Energy says the company is discussing with the Alberta government the possibility of leaving some of its oil in the ground. 192 more words
Fierce wildfires that swept through northern Alberta’s oilsands region in May have delivered a $735-million net loss for Suncor Energy.
The Calgary-based company said late Wednesday the fire that raged through the region meant it failed to produce about 20 million barrels of upgraded and raw bitumen from its oilsands projects. 388 more words
CALGARY — As oilsands companies send crews back to the Fort McMurray region of Alberta and prepare to restart production following the devastating wildfires, the cumulative hit to the industry’s cash flow is expected to be in the billions of dollars. 503 more words