About Suncor energy company in Antarctica
Suncor Energy Inc. (French: Suncor Énergie) is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands. In the 2020 Forbes Global 2000, Suncor Energy was ranked as the 48th-largest public company in the world. Suncor was created by Sun Oil in 1979 by the merger of its Canadian conventional and heavy. Suncor Energy Inc. (French: Suncor Énergie) is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands. In the 2020 Forbes Global 2000, Suncor Energy was ranked as the 48th-largest public company in the world. Suncor was created by Sun Oil in 1979 by the merger of its Canadian conventional and heavy oil companies, the Sun Oil Company and Great Canadian Oil Sands. Until 2010, Suncor marketed products and services to retail customers in Ontario through a downstream network of 780 company-owned, and 700 customer-operated retail and Diesel fuel sites, primarily in Ontario under the Sunoco brand (owing to Suncor having originally been established as a subsidiary of Sunoco). In 2009, Suncor acquired the former Crown corporation Petro-Canada, which replaced the Sunoco brand across its existing outlets. Suncor also markets through a retail network of Shell and ExxonMobil branded outlets in the United States.
Sun Company of CanadaThe Sun Oil Company began operations in Canada in 1919 when it formed the Sun Company of Canada. The company opened offices in Montreal and began importing American products to Canada for sale. On 31 March 1923, Sun incorporated a Canadian subsidiary, the Sun. Sun Company of CanadaThe Sun Oil Company began operations in Canada in 1919 when it formed the Sun Company of Canada. The company opened offices in Montreal and began importing American products to Canada for sale. On 31 March 1923, Sun incorporated a Canadian subsidiary, the Sun Oil Company Limited. In 1932, the company transferred its headquarters from Montreal to Toronto. In 1950 the Sun Oil Company drilled its first successful Canadian oil well in Alberta. In 1953 it opened a new refinery in Sarnia. Great Canadian Oil SandsGreat Canadian Oil Sands was incorporated on 29 December 1953, however, the company originated in several previous ventures dating back to 1920. In 1962, GCOS received a permit from the Government of Alberta to build a plant in the Athabasca Oil Sands. The following year, Sun purchased a majority stake in GCOS. The GCOS plant went online in 1967.
In 1979, Sun formed Suncor by merging its Canadian refining and retailing interests; Great Canadian Oil Sands (a majority-owned subsidiary, which constructed and operated the first commercial plant to develop Canada'sand went on production in 1967); and its conventional oil and gas interests. In 1981, the Government of purchased. In 1979, Sun formed Suncor by merging its Canadian refining and retailing interests; Great Canadian Oil Sands (a majority-owned subsidiary, which constructed and operated the first commercial plant to develop Canada'sand went on production in 1967); and its conventional oil and gas interests. In 1981, the Government ofpurchased a 25% stake in the company; it divested in 1993.In 1995 Sun Oil also divested its interest in the company, although Suncor maintained the Sunoco retail brand in Canada. With these two divestitures, Suncor become an independent, widely held . In 2003, Suncor acquired a refinery and associated Phillips 66 gas stations infrom .In 2005, Suncor acquired a second Commerce City refinery from .Suncor moved its retail brand from Phillips 66 to Shell from 2009 to 2013.Suncor added the Exxon and Mobil brands in Colorado and Wyoming in 2015.On March 23, 2009, Suncor announced its intent to acquire . This merger created a company with a combined market capitalization of C$43.3 billion. On June 4, 2009, a 98% approval rate was reached by Suncor's shareholders for the acquisition of Petro-Canada and theapproved the merger on June 21, 2009. The merger with Canada's 11th largest company was completed on August 1, 2009in a $21 billion deal to form the second-largest company in Canada (after ) in terms of market capitalization. In December 2009, as a condition of the merger, Suncor sold 98 gas stations in Ontario to , con.
In North America, Suncor develops and produces oil and natural gas in Western Canada, Colorado, and in eastern Canada. Its international efforts include offshore developments in the North Sea, and conventional, land-based efforts in Libya, Syria, and Trinidad and Tobago. In North America, Suncor develops and produces oil and natural gas in Western Canada, Colorado, and in eastern Canada. Its international efforts include offshore developments in the North Sea, and conventional, land-based efforts in Libya, Syria, and Trinidad and Tobago. Suncor operates refineries in Edmonton, Alberta; Sarnia, Ontario; Montreal, Quebec and Commerce City, Colorado. These refineries supply industrial, retail and commercial consumers. The company is also one of the largest Canadian retailers of petroleum products. Bitumen, oil and natural gas productionSuncor is the world's largest producer of , and owns and operates anupgrading plant near Fort McMurray, Alberta, Canada. Originally developed by Great Canadian Oil Sands, a majority-owned subsidiary of Sun Oil, it is now wholly owned by the independent Suncor. It was the first commercial development on the , although small, earlier projects like that atalso played a role in development. The company held a 36.75% interest in the Joslyn north oil sands project which was shelved pending an economic review by operatorin May 2014. The Joslyn project was sold toin September 2018.The company also produces .
According to a Pollution Watch fact sheet, in 2007 Suncor Energy's oil sands operations had the sixth highest greenhouse gas emissions in Canada. While Suncor has reduced the greenhouse gas emissions intensity of its oil sands operations by more than 50% since 1990, total greenhouse gas emissions from the company's operations have increased because of growing oil s. According to a Pollution Watch fact sheet, in 2007 Suncor Energy's oil sands operations had the sixth highest greenhouse gas emissions in Canada. While Suncor has reduced the greenhouse gas emissions intensity of its oil sands operations by more than 50% since 1990, total greenhouse gas emissions from the company's operations have increased because of growing oil sands production. On April 2, 2009, Suncor was fined $675,000 for failing to install pollution control equipment at its Firebag operation near , Alberta in July 2006. On the same day, Suncor was fined $175,000for dumping untreated wastewater from a company work camp near Fort McMurray into the in 2007. In the United States, Suncor has also been fined by the . In April 2012, a fine of $2.2 million was assessed for air pollution.Suncor failed to monitor and control emissions a number of times throughout 2009 and 2010, and numerous emissions exceeded regulations.Suncor was also cited for "failure to conduct equipment inspections, train employees, and fully develop standard procedures for operating equipment".Additionally, aleak into Sand Creek was discovered in the fall of 2011.Employees at Suncor and the nearby Metro Wastewater Reclamation District Plant were exposed to benzene through the air and through drinking water. In April 2018, Suncor andwere sued by theandof Boulder, and the county ofover allegations that they were responsib.
President1. Ross Allan Hennigar, 22 August 1979 – 11 January 19832. William Robert Loar, 27 January 1983 – 13 December 19843. Thomas Harold Thomson, 13 December 1984 – 1 February 1991President1. Ross Allan Hennigar, 22 August 1979 – 11 January 19832. William Robert Loar, 27 January 1983 – 13 December 19843. Thomas Harold Thomson, 13 December 1984 – 1 February 19914. Richard Lee George, 1 February 1991 – 1 May 20125. , 1 May 2012 – 14 November 20186. Mark Stephen Little, 14 November 2018 – 8 July 20227. Kristopher Peter Smith (interim), 8 July 2022 – 3 April 20238. , 3 April 2023 –Chairman of the Board1. Michael Milan Koerner, 29 January 1982 – 13 December 19842. William Robert Loar, 13 December 1984 – 30 September 19863. Michael Milan Koerner, 1 October 1986 – 19904. Thomas Harold Thomson, 1990 – 27 November 1992.
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6 FAQs about [Suncor energy company in Antarctica]
What does Suncor Energy do?
Suncor Energy Inc. (French: Suncor Énergie) is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands. In the 2020 Forbes Global 2000, Suncor Energy was ranked as the 48th-largest public company in the world.
Is Suncor Energy Inc a Canadian company?
The company's operating segments include Oil Sands, Exploration and Production, and Refining and Marketing. Geographically, the company generates a majority of its revenue from Canada. How much is Suncor Energy Inc stock worth? Invest with precise valuations. Get Report. Market data values update automatically.
Where are Suncor oil refineries located?
In Canada, Suncor operates refineries in Alberta, Ontario and Quebec. The company's 135,000-barrel-per-day Strathcona, refinery runs entirely on oil sands-based feedstocks and produces a high-yield of light oils.
How much did Suncor Energy buy totalenergies?
In October 2023, Suncor Energy acquired TotalEnergies ' Canadian operations for C$1.47 billion ($1.07 billion). In North America, Suncor develops and produces oil and natural gas in Western Canada, Colorado, and offshore drilling in eastern Canada.
Does Suncor sell oil in Canada?
In 2009, Suncor acquired the former Crown corporation Petro-Canada, which replaced the Sunoco brand across its existing outlets. Suncor also markets through a retail network of Shell and ExxonMobil branded outlets in the United States. The Sun Oil Company began operations in Canada in 1919 when it formed the Sun Company of Canada.
Is Suncor owned by Great Canadian oil sands?
Suncor is the world's largest producer of bitumen, and owns and operates an oil sands upgrading plant near Fort McMurray, Alberta, Canada. Originally developed by Great Canadian Oil Sands, a majority-owned subsidiary of Sun Oil, it is now wholly owned by the independent Suncor.
