Calgary, Alberta-based Suncor Energy has reached an agreement to sell certain natural gas properties for about $235 million (Canadian dollars), with an effective date of Jan. 1, 2010. The current production on these lands is approximately 20.5 mmcf/d of gas and 540 barrels per day of liquids. The sale includes properties known as Rosevear and [...]
Calgary-based Suncor Energy has plans to lay off an another 1,000 workers this year as it continues to digest the assets of Petro-Canada it gained in a $20-billion merger last fall, the Calgary Herald reported The decision was announced at an investor’s conference in New York last Tuesday. The new round of layoffs would bring [...]
Since receiving CSD’s Chain OF THE YEAR award in 2002, Petro-Canada has seen multiple changes. The most significant has been the merger between Suncor Energy Inc. and Petro-Canada, which was finalized in August of this year. While the company operates under the Suncor Energy name, it maintains the trusted Petro-Canada brand for its refined products [...]