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Suncor Energy Inc. T.SU

Alternate Symbol(s):  SU

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. It is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.


TSX:SU - Post by User

Post by silkoson Jan 18, 2022 10:47am
209 Views
Post# 34328394

Operational problems curb Suncor Energy oil production

Operational problems curb Suncor Energy oil production
Operational problems curb Suncor Energy oil production
 
WINNIPEG, Manitoba, Jan 18 (Reuters) - Two operational problems at Suncor Energy Canadian oil sands sites last month resulted in lower crude production, the company said on Tuesday, marking its latest such issue.
 
The incidents at Syncrude and Firebag cut oil production by 195,000 barrels per day (bpd) in the second half of December, Suncor said. The company said its full-year production was 732,000 bpd, down 1% from its guidance range.
 
The sites have returned to normal output. Production guidance for 2022 is unaffected.
 
Operational problems were a recurring issue at Suncor last year. It discovered in July that it needed to change the slope of the south face of its Fort Hills mine, resulting in a delayed ramp-up of production and added costs.
 
Suncor also confirmed on Tuesday the death of a worker on Jan. 6 at its Base plant, which police had reported earlier. Suncor said a heavy haul truck rear-ended a second truck at the mine, resulting in the death of a driver. (Reporting by Rod Nickel in Winnipeg; editing by Barbara Lewis)
 
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