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Suncor Energy reports third quarter net earnings of $1.69 billion

2013-10-31 06:42:55| Oil & Gas - Topix.net

Suncor Energy Inc. says it recorded net earnings were $1.69 billion, or $1.13 per common share, for the third quarter, compared with $1.54 billion, or $1.01 per common share, in the third quarter of 2012, The Calgary-based energy giant credits record production in the oil sands segment and favourable pricing for western Canadian crude oil.

Tags: net reports energy quarter

 

Enbridge to develop $1.6bn pipeline for Fort Hills partners and Suncor

2013-10-31 01:00:00| Hydrocarbons Technology

Fort Hills partners (Suncor Energy, Total E&P Canada and Teck Resources) along with Suncor Energy Oil Sands have selected Enbridge to develop a new $1.6bn pipeline to transport crude oil.

Tags: partners develop fort hills

 
 

Canada: Oil Sands Prevail Even if Most Carbon Becomes 'Unburnable': Suncor

2013-10-30 11:57:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: The phrase unburnable carbon has gained currency among climate-minded investors, popularized by a U.K.-based nonprofit called the Carbon Tracker Initiative. It refers to the vast fossil-fuel reserves that, if burned, would probably push the global climate into the danger zone. Some investors are concerned that stock-market valuations would plummet if oil companies continue to spend hundreds of billions of dollars on exploration while the world lunges away from oil. Last week, a coalition of...

Tags: canada oil carbon sands

 

Suncor Energy closes sale of most of its natural gas assets in Western Canada

2013-09-27 11:20:37| Oil & Gas - Topix.net

Suncor Energy Inc. says it has closed a previously announced sale of the majority of its conventional natural gas business in Western Canada.

Tags: canada sale natural western

 

Caisse hopes Buffett's interest in Canada will grow after investment in Suncor

2013-08-17 10:53:37| Oil & Gas - Topix.net

Quebec's main pension fund manager hopes Warren Buffett's investment in Suncor signals a bigger interest in Canada by the renowned U.S. investor, something that could boost the share value of the companies in which it has invested.

Tags: in canada interest investment

 

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