Suncor Mining News

Oil companies offer assistance to residents affected by Fort McMurray fires

Oil companies are reducing production to allow families to evacuate.

Canadian Oil Sands overhauls leadership and board ahead of Suncor takeover

The company has named Sandy Martin as its new chief executive officer.

Suncor cuts spending by 10% after posting $2bn loss on writedowns

The Canadian oil giant lowered capital spending plan to between $6bn and $6.5bn from a November estimate of $6.7bn to $7.3bn.

Suncor changes strategy to acquire Canadian Oil Sands with $6.6bn friendly deal

After months of hostile rhetoric, the two Calgary-based companies have reached a takeover agreement.

Evok Innovations announces $100M cleantech fund for energy industry challenges

Cenovus and Suncor fund cleantech entrepreneurs to accelerate environmental and economic solutions

Canadian Oil Sands claims victory over Suncor’s hostile takeover attempt

The company is asking Suncor to disclose details of how shareholders reacted to its bid before last week’s deadline had to be extended until Jan. 27.

What value does Suncor see in Canadian Oil Sands?

Canadian Oil Sands is a weak company that has consistently missed many quarterly targets and is focused on one of the least attractive areas of the oil patch at current prices.

Suncor not ruling out sweetening offer for Canadian Oil Sands

The takeover bid expires on Friday.

Suncor presses Canadian Oil Sands shareholders for a takeover offer nod

“Hope is still not a strategy,” Suncor wrote in a letter to Canadian Oil Sands’ shareholders, stressing there was “little time” left.

Canadian Oil Sands to stay in the black even if crude prices keep falling

The company, currently the target of a $4.3 billion takeover bid by Suncor, unveiled a pared-back capital budget that cuts spending by 20% year-over-year to $295 million in 2016.

Canadian Oil Sands granted one more month to fend off Suncor's hostile bid

The poison pill provision must expire by Monday, Jan. 4, 2016.

Suncor cuts oil sands output for 2016

Canada's dominant oil sands player, however, plans to spend about $900 million more next year.

Canadian Oil Sands accuses Suncor of paying brokers to win takeover bid

Suncor, Canada's dominant oil sands player, telling COS shareholders the firm has a record of “underperformance, financial challenges,” and vulnerability to low oil prices.

Regulator to weigh on Suncor attempts to take over Canadian Oil Sands

Suncor steeped up its hostile Cdn$4.3bn bid for COS by asking the Alberta Securities Commission to strike down the target’s rights plan to prevent a takeover.

Canadian Oil Sands asks shareholders to reject Suncor’s $3.3 billion hostile bid

The company said Suncor Energy’s hostile takeover offer was "undervalued, opportunistic and exploitive."

Suncor calls Canadian Oil Sands' poison pill 'inappropriate'

"Disappointed but not surprised"

Suncor Energy tests use of radio waves instead of water at oil sands

Instead of high-pressure steam, Canada's largest oil and gas producer wants to send radio waves down to heat the bitumen.

Total E&P Canada shelves $11-billion oil sands mine

The decision means 150 jobs will be cut by the end of the year.

Suncor Energy employee dies from severe injuries in oil sands

Suncor said it is working with the RCMP and Alberta Occupational Health and Safety to complete a full investigation into the incident.

Suncor can't randomly drug test employees, panel rules

Panel rules the program would be an unreasonable invasion of privacy.

Worker dies at Suncor Energy oil sands site

Suncor and authorities are investigating.

Oil sands air monitoring agency running on emergency fund

The Wood Buffalo Environmental Association has barely enough to keep running until the end of January.

Canada’s Suncor Energy sells gas unit to Centrica, Qatar for Cdn$ 1bn

The deal is the latest step in Qatar Petroleum's response to the North American shale gas boom.

Canada’s energy giants shares soar on analyst bullish outlook

Suncor Energy and Canadian Natural Resources could be targets for activist investors, Barron said.