Suncor Energy Inc., Calgary, and Mikisew Cree First Nation (MCFN) signed an equity agreement for Suncor’s East Tank Farm Development in the Wood Buffalo area of Alberta.
Canada's largest energy firm, Suncor Energy Inc. (SU) recently reported that it has completed the previously announced purchase of 30% interest in the Rosebank project from Austrian energy company, OMV AG.
Transocean Ltd. (RIG) saw its shares decline 7.6% in the after-hours trading session on October 3 after India-based Reliance Industries Ltd. decided to exercise the option to terminate its contract for Transocean's Discoverer India rig ahead of schedule.
Alcoa (AA) has declared proposed offering of senior notes in connection with its planned separation into two stand-alone, publicly traded companies.
Canada's largest energy firm, Suncor Energy Inc. (SU), recently announced plans to issue senior unsecured Series 5 Medium Term Notes for an aggregate amount of $1.0 billion.
Nigerian Army troops have destroyed 74 illegal oil refineries as well as camps of militants in the country’s oil-rich Niger Delta, the Army tweeted on Friday. As part of an operation code-named ‘Exercise Crocodile Smile’, the Army raided on Wednesday illegal makeshift refineries in the southern states Rivers and Bayelsa. Militants in the Nigerian swamps steal crude oil and refine it in illegal refineries. Various militant groups also attacked oil infrastructure in the Niger Delta. Nigeria’s Army, who has been trying to stop…
While the industry has struggled to find ways to cope with the decline in oil prices, there has been one positive note: the dip in crude prices has at least in part contributed to a decrease in incidents of piracy in Southeast Asian waters. Increased law enforcement activity has also been a factor. Promotion Group International, which provides security data about onshore and maritime activities for companies and government, notes that between August 23, 2015 and August 23, 2016, there were only four ship hijackings, as compared to the same period…
Argentine Foreign Minister Susana Malcorra stated that her country would be willing to engage in a joint fossil fuels exploration project with Britain near the disputed Falklands Islands. In remarks to what The Guardian published on Thursday, Argentina’s top diplomat under President Mauricio Macri said any energy ventures with Britain would be a “sensible thing to discuss and could make sense.” Doing so would be part of a change in rhetoric from the less diplomatic exchanges under Macri’s predecessor, Cristina Fernandez…
Canada’s largest oil producer is looking to abandon some of its high-cost and greenhouse gas intensive oil sands assets, according to Suncor Energy’s CEO Steve Williams. Williams mentioned the move at the Barclays convention in New York, stating: “We’ve begun to have conversations with the government of Alberta and the current regulators about the design of their policy, which actually requires the maximum amount of resource to be extracted regardless of the economic or environmental value.” Suncor wants to abandon…
Alcoa (AA) has named the members of the boards of directors as it prepares for its planned separation into two standalone companies.
Suncor Energy Inc., Calgary, and Fort McKay First Nation signed a participation agreement for Suncor’s East Tank Farm Development in the Wood Buffalo area of Alberta.
Brazil's Petrobras (PBR) saw a sharp drop in its Q2 earnings, while Canadian firm Suncor Energy (SU) agreed to pay $50 million for a 30% stake in North Sea's Rosebank project.
Shares of Apple Inc. (AAPL) rose 1.23% in yesterday's trading session after a regulatory filing revealed that Warren Buffett is betting big on the tech giant.
Canada's largest energy firm Suncor Energy Inc. (SU) has entered into an agreement Austrian energy company, OMV AG, to purchase 30% interest in the Rosebank project from the latter.
ConocoPhillips is in the midst of selling off its costly offshore exploration projects in favor of more efficient domestic operations.