Canadian heavy oil plugs gap left by OPEC, Latam

Canada's struggling oil market has found something of a lifeline as traders scramble for heavy crude due to OPEC production cuts and sinking Latin American output. Output has fallen in Organization of the Petroleum Exporting Countries and non-OPEC Latin American countries such as Mexico and Colombia, leading refiners as far away as China to look [Read More…]

Source: BOE Report

Canadian heavy oil plugs gap left by OPEC, Latam

Canada's struggling oil market has found something of a lifeline as traders scramble for heavy crude due to OPEC production cuts and sinking Latin American output. Output has fallen in Organization of the Petroleum Exporting Countries and non-OPEC Latin American countries such as Mexico and Colombia, leading refiners as far away as China to look [Read More…]

Source: BOE Report

Suncor Energy reports second-quarter profit

Suncor Energy Inc , Canada's second-largest oil and gas producer, reported a second-quarter profit on Wednesday as a result of stronger crude oil prices and increased production from its upstream assets and refining operations. The company reported a net profit of C$435 million ($349.57 million), or 26 Canadian cents per share, versus a loss of [Read More…]

Source: BOE Report

Suncor Energy reports second quarter 2017 results

CALGARY, ALBERTA–(Marketwired – July 26, 2017) – Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a [Read More…]

Source: BOE Report

Suncor Energy declares dividend

CALGARY, ALBERTA–(Marketwired – July 26, 2017) – Suncor Energy’s Board of Directors has approved a quarterly dividend of $0.32 per share on its common shares, payable September 25, 2017 to shareholders of record at the close of business on September 5, 2017. Suncor Energy is Canada’s leading integrated energy company. Suncor’s operations include oil sands [Read More…]

Source: BOE Report

Suncor Energy releases 2017 Report on Sustainability

CALGARY, ALBERTA–(Marketwired – July 13, 2017) – Suncor today released its 2017 Report on Sustainability which details the company’s environmental, social and economic performance and its approach for continuing to deliver value in a carbon-constrained world. “As a company, as an industry and as a larger society, we have made progress in tackling climate change [Read More…]

Source: BOE Report

Oilsands through the hourglass: Defining moments that shaped an economic juggernaut

The Canadian oilsands industry is beset with environmental concerns and low crude prices. Nonetheless, production is expected to grow. The Canadian Association of Petroleum Producers estimates that oilsands output will reach 3.7 million barrels per day in 2030 from 2.4 million bpd last year. Some key dates in the history of the oilsands: 1719: A [Read More…]

Source: Headlines – BOE Report