Bullboard - Stock Discussion Forum Suncor Energy Inc T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

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... see more

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Suncor Energy Inc > Here comes Venezuela!

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Post by liljohnnyjoke on Nov 22, 2023 4:44pm

Here comes Venezuela!

https://oilprice.com/Latest-Energy-News/World-News/Venezuelan-Output-Rises-to-850000-Bpd-Amid-Sanctions-Relaxation.html

everyone increasing production and taking SA's 1Mbpd production cut market share away. they may say screw and reopen the their taps for a while

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Comment by MigraineCall on Nov 23, 2023 1:25am

Fortunately a 64,000 bpd MOM increase is minimal, and not an issue. Venezuela is still in very rough shape, requiring billions in capital investment after cannibalizing it's facilities in order to keep a small amount of oil flowing during sanctions. The USGC refiners are scrambling to find any alternate sources of heavy or medium sour crude to replace what is being lost from Mexican imports ...more

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Comment by matt2018 on Nov 24, 2023 9:08am

Have to agree with liljohnny here. All this extra oil hitting the market is starting to really add up. Venez (minimal as it is), Iran allowed to go full throttle (they are exempt from Opec curtailments and Joe not interested in enforcing sanctions), US production up another 1M bbls/day from a year ago. Opec African nations not interested in cutting back as per Opec demands. NA producers are ...more

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Comment by liljohnnyjoke on Nov 24, 2023 9:50am

Exxon Guyana production up to 620k bbls/day https://www.offshore-energy.biz/exxonmobil-flows-oil-from-third-project-offshore-guyana-as-fpso-comes-online-ahead-of-schedule/

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Comment by ztransforms173 on Nov 24, 2023 10:21am

- the FLOATING PRODUCTION (FPSO) ship Liza Unity COST USD 1.26 billion: *** ExxonMobil doles out $1.26 billion for FPSO operating off Guyana BUSINESS & FINANCE November 10, 2023, by Melisa Cavcic U.S.-headquartered energy giant ExxonMobil has paid around $1.26 billion to SBM Offshore, a Dutch FPSO operator, for a floating production, storage, and ...more

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Comment by ztransforms173 on Nov 24, 2023 10:29am

CORRECTION: - the THIRD FPSO vessel is called FPSO PROPERITY and NOT FPSO Liza Unity {which is the SECOND FPSO in operation} FPSO Prosperity; Source: Keppel Offshore & Marine https://www.offshore-energy.biz/exxonmobil-flows-oil-from-third-project-offshore-guyana-as-fpso-comes-online-ahead-of-schedule/ *** z173

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