16 September 2016
Energy Company of the Year - large cap, 2016: Suncor Energy
Widely praised for how it dealt with the fires that spread across northern Alberta in May this year, Suncor has impressed analysts and industry commentators by backing a bold strategy of investing further in Canada’s oil sands. By employing leading technology, Suncor’s aim to make bitumen extraction cost-effective has got markets sitting up to attention. Over the past year, Suncor has invested $6bn into the Canadian oil sands region, acquiring majority interests in Fort Hills and Syncrude. Along with its previous oil sands positions, which provide upwards of 400,000 barrels of oil equivalent per day, it’s expecting the new investments to add nearly 300,000 boe/d. In addition to oil sands, la
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