Equinor Signs Agreement for the Acquisition of Suncor Energy UK  

• Sunday, 5th March 2023
• by Israa Ibrahim

Equinor has acquired Suncor Energy UK Limited for a total of $850 million, after the signing of a landmark agreement. This agreement includes Suncor workers stationed in the UK who work with these assets, as well as a...

Canada’s Suncor Targets Emissions Reduction by One-third

• Thursday, 27th May 2021
• by Editorial Team

Suncor plans to cut its emissions by one-third while boosting its oil production to a new level, according to Reuters. The company’s executives declared the goal to cut annual emissions by 10 million tons (mt), ...

Canada Ramping Up Production to End Year on a High 

• Monday, 2nd November 2020
• by Editorial Team

Canadian producers are rigorously producing extra crude in an attempt to try and offset a dire year for the Canadian oil industry, according to Reuters. This increase in production follows Alberta’s government decisio...

Canadian Oil Sands Rejects Takeover Bid

• Thursday, 8th October 2015
• by Egypt Oil & Gas

Canadian Oil Sands, a major force in the oilsands business in several Canadian provinces, has rejected an unsolicited offer to buy it out, reported CBC News. The reason for declining the offer was not necessarily beca...