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Suncor Energy Inc (SU)

SU on New York Consolidated

26.35USD
25 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Total Net Generation for Suncor's Base Plant unit now at 9 MW- AESO
Friday, 17 Jun 2016 06:38am EDT 

Alberta Electric System Operator(AESO): Total Net Generation for Base Plant cogeneration unit in Alberta now at 9 MW from 0 MW earlier - AESO Source: The Alberta Electric System Operator (http://bit.ly/Wc5xWz) Related: FACTBOX-Power output soars in fire-ravaged Alberta oil sands [nL1N1980EL] (Reporting by Apeksha Nair) ((Apeksha.Nair@thomsonreuters.com; within U.S. +1 651 848 5832, outside U.S. +91 80 6749 6408 /1298; Reuters Messaging: apeksha.nair.thomsonreuters.com@reuters.net)).  Full Article

Suncor energy announces $2.5 bln bought-deal common share financing
Tuesday, 7 Jun 2016 04:23pm EDT 

Suncor Energy : Announces $2.5 Billion Bought Deal common share financing . Agreement to sell 71.5 million common shares from treasury, on a bought deal basis, at a price of $35.00 per share . Net proceeds of offering will be used for previously announced acquisition of an additional five percent interest in Syncrude JV . If over-allotment option is exercised in full, gross proceeds from offering are expected to be approximately $2.9 billion .Net proceeds of offering will also be used for reducing debt.  Full Article

Suncor provides RMWB production and 2016 corporate guidance update
Monday, 6 Jun 2016 06:28pm EDT 

Suncor Energy Inc : Suncor energy provides RMWB production and 2016 corporate guidance update . Ramping up production in a staged manner . As a result of RMWB fires, annualized total upstream production is now estimated to be between 585,000 and 620,000 barrels per day . Expects base plant operations to return to pre-fire production rates within a week. . There has been no damage to Suncor's assets as a result of fires . Expects that all of its operations in regional municipality of Wood Buffalo will be producing at normal, pre-turnaround rates by end of June . Construction activities at Suncor's Fort Hills Mine have also returned to pre-fire levels . Syncrude anticipates a return to production starting in late June . Anticipates cash operating costs per barrel to remain within guidance of $27-$30 per barrel for full year . Due to impact of fires on refinery feedstock, short unplanned outage at 1 unit of suncor's edmonton refinery, gasoline, diesel production reduced . As a result of actual asset performance to date, production guidance for exploration and production has been increased to 105,000 to 110,000 bbls/d . Edmonton unit expected to be back in service by end of week, currently working to minimize supply disruptions to retail and wholesale customers . Syncrude expects a full ramp up of production following completion of scheduled turnaround by mid-july.  Full Article

Total Net Generation for Suncor's Base Plant unit now at 13 MW - AESO
Tuesday, 31 May 2016 11:11am EDT 

Alberta Electric System Operator(AESO): Total Net Generation for Base Plant cogeneration unit in Alberta now at 13 MW from 5 MW earlier - AESO Source: The Alberta Electric System Operator (http://bit.ly/Wc5xWz) Related: FACTBOX- Power output rises as plant restarts in Alberta oil sands [nL2N18O0AC] (Reporting by Harshith Aranya in Bengaluru) ((Harshith.Aranya@thomsonreuters.com; Within U.S. +1 651 848 5832, Outside U.S. +91 80 6749 8403/1298; Reuters Messaging: harshith.aranya.thomsonreuters.com@reuters.net)).  Full Article

Total Net Generation for Suncor's Base Plant unit now at 5 MW - AESO
Tuesday, 31 May 2016 04:02am EDT 

Alberta Electric System Operator(AESO): Total Net Generation for Base Plant cogeneration unit in Alberta now at 5 MW from 0 MW earlier- AESO Source: The Alberta Electric System Operator (http://bit.ly/Wc5xWz) Related: FACTBOX- Power output rises as plant restarts in Alberta oil sands [nL2N18O0AC] (Reporting by Apeksha Nair in Bengaluru) ((Apeksha.Nair@thomsonreuters.com; within U.S. +1 651 848 5832, outside U.S. +91 80 6749 6408/1298; Reuters Messaging: apeksha.nair.thomsonreuters.com@reuters.net)).  Full Article

Suncor Energy says resuming operations after sites shut in Canada wildfire
Sunday, 29 May 2016 02:08pm EDT 

Suncor Energy Inc : Announced restart of operations after its facilities were shut in Canadian wildfire . Said start-up in its base plant and MacKay river site is under way, and "initial production" is expected to be up by the end of the week . Said Syncrude, majority-owned by Suncor, is in process of planning its return to operations . Announced the restart began with resuming "initial production" in Firebag site last week .Said it will move 3,500 more people in the coming week to support its return to operations.  Full Article

Syncrude sending "several hundred" more workers to oil sands facilities
Wednesday, 25 May 2016 12:51pm EDT 

Suncor Energy Inc : Syncrude says no timeline yet for production restart, will release details on timing at a later date . Syncrude, majority-owned by Suncor Energy Inc , says making "significant progress" on plan to safely restart operations . Says sending "several hundred more employees over the coming days" to sites north of fire-stricken Fort McMurray Further company coverage: [SU.TO] (Reporting By Eric M. Johnson in Calgary) ((Eric.m.johnson@thomsonreuters.com;)).  Full Article

Suncor Energy says began remobilization process of its employees to support staged restart of its operations in RMWB
Monday, 23 May 2016 11:22pm EDT 

Suncor Energy Inc : Begun remobilization process of its employees to support staged restart of its operations in Regional Municipality of Wood Buffalo . Evacuation order was lifted by regional emergency operations centre evening of may 20, 2016 . There has been no damage to Suncor's assets and enhanced fire mitigation work has been conducted at all sites . Construction activities at fort hills mine continued ramping up over weekend;syncrude in process of planning return to operations. .Suncor energy provides RMWB operations update.  Full Article

Canada fire evacuees to get re-entry timeline Wednesday
Wednesday, 18 May 2016 02:54pm EDT 

: Alberta says conditional timeline for re-entry of residents to fire-struck Fort McMurray will be announced on Wednesday For main story: [nL2N18F0EV] (Reporting By Allison Martell) ((Allison.Martell@thomsonreuters.com;)).  Full Article

Syncrude says "facilities are intact" near Alberta fire
Wednesday, 18 May 2016 11:16am EDT 

Suncor Energy Inc : Syncrude says "facilities are intact" near Alberta wildfire; fire is south of Syncrude lease Further company coverage: [SU.TO] (Reporting By Allison Martell) ((Allison.Martell@thomsonreuters.com;)).  Full Article

UPDATE 1-Suncor diluent pipeline remains shut after leak -regulator

CALGARY, Alberta, July 25 A pipeline at Suncor Energy's oil sands base plant remained offline on Monday, the Alberta Energy Regulator said, following a leak last week that spilt around 125 barrels of diluent.