Suncor Energy Inc (TSX:SU) News and Share PriceOil & Gas
Suncor Energy Inc is a Canada-based energy producer headquartered in Calgary. Its history dates back to 1917, when the firm started supplying kerosene, oil lubricants and spirits to Montreal war plants under its US parent enterprise, Sun Company.
Suncor Energy Inc is publicly listed on the Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE). The stocks are traded under the ticker symbol ‘SU’.
The energy firm produces crude oil, natural gas, wind-generated electricity, biofuel, Sulphur diesel fuel and ethanol. It markets these products across the globe through its offices in Calgary, Alberta; Denver, Colorado; and London, England.
Suncor Energy operates Fort Hills Mine, an open-pit oil sand mine in Alberta’s Athabasca region. The mine is reportedly capable of producing 14,500 tonnes of oil sand in an hour.
Fort Hills Mine is co-owned by three companies -- Suncor Energy Inc, Total E&P Canada Ltd and Teck Resources Ltd.
The company also owns and operates upgrading assets at Fort Hills in Fort McMurray and Edmond Refinery.
The energy company is presently working on Coke Boiler Replacement Project at the base plant in Alberta, which aims to replace three aging petroleum coke-fired boilers with two efficient natural gas co-generation assets.
Suncor has seven refineries in Alberta, Ontario, Quebec, and Colorado in the US.
The company has exploration, developmental and production assets in:
• East Coast Canada: Operates Terra Nova oil field under a joint venture.
• Norway: Has participating interests in Oda Field, Fenja Field and Beta Field.
• United Kingdom: The company has interests in Buzzard Field, the Golden Eagle Area and the Rosebank Project.
• Libya: Has working interest in the Harouge Oil Operations, which reportedly shut due to political unrest in the country.
The energy company owns more than 1,500 Petro Canada wholesale and retail outlets across the country.
In Colorado, it operates a network of retail sites under the brand name Shell and Philips 99.
The Canadian energy company also claims to invest in renewable energy power-houses, including operating wind power projects and ethanol plant in Canada, and in other green technology companies.
As part of COVID-19 relief efforts, the company said it has donated around 40,000 N95 masks to the Canadian Federal Government.
P.O. Box 2844, 150 - 6 Avenue S.W. Calgary, Alberta Canada T2P 3E3