Those under the age of two, need help putting a mask on or have a physical or mental illness that requires them to avoid using a mask would be exempt from the bylaw. © 2020 Financial Post, a division of Postmedia Network Inc. All rights reserved. Syncrude oilsands facility declares force majeure after fire. Suncor Energy Inc. said it is buying another stake in the Syncrude Canada Ltd. project, deepening its exposure for the second time in as many months to one of the industry's most unreliable operations. We apologize, but this video has failed to load. The next issue of Top Stories Newsletter will soon be in your inbox. Thank you for your patience.
Syncrude is a joint venture in which Imperial Oil Ltd and others hold minority stakes. Suncor said late on Wednesday it would buy Murphy Oil Corp.'s 5 per cent interest in the project for $937-million, adding another 17,500 barrels per day of capacity. NEW YORK — Canada’s Syncrude oilsands facility has declared force majeure after a fire on Sunday at the plant, its majority owner Suncor Energy said on Friday. The Oil Sands Community Alliance, which speaks on behalf of multiple oil companies in the RMWB including Syncrude, Suncor Energy, and CNRL, believes this will help limit the spread of the virus. We encountered an issue signing you up. We ask you to keep your comments relevant and respectful. A welcome email is on its way. The fire happened on Sunday in one of Syncrude’s hydroprocessing units at its Mildred Lake, Alberta, upgrading facility, spokesman Will Gibson said.
Comments may take up to an hour for moderation before appearing on the site. Syncrude (bbls/d) Suncor working interest of 58.74%: 160,000 – 175,000: Exploration & Production (boe/d) 100,000 – 110,000 (4) Suncor Refinery Throughput (bbls/d) 390,000 – 420,000 Suncor Refinery Utilization: 84% – 91% (6) Refined Product Sales (bbls/d) 500,000 – 530,000 3. Syncrude videos and latest news articles; GlobalNews.ca your source for the latest news on Syncrude .
As of Monday, Fort McMurray had 51 active cases which is down from the 66 the community peaked at last week. Gibson says early investigation suggests the many of these cases were traced in Fort McMurray where the majority of the workforce lives.
Syncrude has told customers it will reduce production by about 20 per cent, sources said. This is a space where subscribers can engage with each other and Globe staff. This is a space where subscribers can engage with each other and Globe staff. Suncor maintained its quarterly dividend at 29 cents per share. Five new cases of COVID-19 are being linked to the outbreak declared at Syncrude. Syncrude is a joint venture majority-owned by Suncor Energy Inc SU.TO, with minority stakes held by Imperial Oil Ltd IMO.TO and others. Thirteen have since recovered with the other 15 currently self-isolating off-site. Production rose to 691,400 barrels of oil equivalent per day, from 602,400 barrels in the same period last year following the company's purchase of Canadian Oil Sands.
The move comes as Suncor reported a first-quarter operating loss of $500-million, compared to a year-earlier profit of $175-million, as weak prices crimped returns. Scarecrows at a Syncrude tailings pond in Alberta. The deal, which is effective as of April 1, is expected to close in the second quarter, subject to approval under the Competition Act. Visit our Community Guidelines for more information and details on how to adjust your email settings. There was an error, please provide a valid email address. In January, the company declared force majeure due to extreme cold weather in western Canada while in December, the company reduced production by 1.6 million barrels due to disruptions. This article was published more than 4 years ago.
Suncor is boosting its stake in Syncrude only weeks after it finalized its $4.2-billion deal for Canadian Oil Sands Ltd., previously the project's largest owner. Syncrude and Alberta Health Services are continuing to conduct contact tracing to ensure anyone who may have been in contact with these individuals can self-isolate and get tested. Shelley Powell, Suncor’s Senior Vice President – Base Plant, says all the cases are believed to have come from the community as none were fly-in-fly-out workers. Earlier on Wednesday, rival Cenovus Energy Inc. said it would cut another $300-million (Canadian) from its budget to weather the slump. "This transaction is a strategic fit for our portfolio given the quality of the resource, our existing interest in Syncrude and the potential for value creation," Suncor chief executive officer Steve Williams said in a statement.
The facility upgrades thick bitumen to light oil. Still, few executives in Canada's energy sector are willing to declare an end to the price rout that has bludgeoned finances and led to tens of thousands of layoffs across the industry.
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