Suncor sells to Sval in Norway exit, UK deal in works
Sval Energi has signed an agreement to acquire Suncor Energy’s Norwegian business, as the Canadian group looks also to sell off its UK assets amid a pull back from the North Sea.
Suncor Energy
Up to 1,600 jobs expected from £8bn Rosebank megaproject
Equinor (OSLO:EQNR) has published economic analysis for its long-awaited Rosebank project, which sets out commitments to support thousands of UK jobs and invest billions of pounds in the local supply chain.
Equinor and Altera ‘fully engaged’ on study into use of Knarr FPSO for Rosebank project
Energy giant Equinor and Altera Infrastructure are “fully engaged” in a study that could result in the vessel owner’s Petrojarl Knarr FPSO being picked for the 300 million barrel Rosebank gig.
S&P swings downgrade axe on energy majors amid transition
S&P Global Ratings has downgraded its outlook for a number of energy majors, driven by concerns around the energy transition and pressure on profitability.
Government report reveals CNOOC as North Sea’s largest taxpayer, Shell sits lowest
A government report has revealed CNOOC was the biggest tax spender in the North Sea last year while energy giant Shell paid the least on balance after a reimbursement.
Oil and gas firm uncovers dinosaur skeleton
An oil and gas firm has uncovered a dinosaur skeleton amid an excavation in Canada.
Watch: Inside one of the world’s largest oil platforms
Have a look inside one of the world’s largest offshore oil platforms, the Hebron. Suncor Energy has shared footage of the inner workings of the giant ExxonMobile-operated structure. Located off the coast of Newfoundland and Labrador, the Hebron project is shared by Exxon, Chevron, Suncor Energy, Equinor and Nalcor Energy.
Buyer of Chevron’s Rosebank stake ‘will need deep pockets’, says Woodmac
Any buyer of Chevron's North Sea Rosebank stake will "need to have very deep pockets", according to a Wood Mackenzie (Woodmac) research chief.
Chevron to launch fresh Rosebank FPSO tender
US major Chevron is getting ready to launch a fresh tender for a floating production, storage and offloading (FPSO) vessel for its giant Rosebank project in the UK North Sea.
Suncor overcomes Buzzard decline to increase production
Suncor Energy said production from the fields off Canada’s east coast helped the firm increase output in the first quarter of 2017.
North Sea on crest of “third wave of evolution”
North Sea oil and gas is on the crest of a “third wave” in its evolution following a series of major deals worth more than $6billion (£4.8billion), energy professionals have claimed.
Suncor Energy strikes deal to sell PCLI in billion dollar deal
Suncor Energy said it has reached an agreement to sell its Petro-Canada Lubricants (PCLI) in a $1.125billion deal.
Suncor Energy makes biggest bet on oil
Suncor Energy Inc. is making the biggest bet on oil among the world’s largest producers, counting on recent purchases to help push costs lower while betting demand will outweigh supply -- and environmental angst over one of the dirtiest forms of the fossil fuel.
Suncor extends offer to COS shareholders
Suncor Energy's hostile takeover of Canadian Oil Sands shareholders remains on track after it extended its offer to COS shareholders until January 8.
Suncor Energy in $4.3billion takeover bid for Canadian Oil Sands
Suncor Energy has made an offer to acquire Canadian Oil Sands Limited in a $4.3billion takeover bid. The company said it formally commenced an unsolicited offer to acquire all of the firm’s outstanding shares. Under the terms of the offer each shareholder would receive a consideration of $0.25 of a Suncor share.