Suncor reported free funds flow of CAD$5.2 billion and record refined product sales of 677 Mb/d for the third quarter of 2026. Upstream production of 852.5 Mb/d was down 2% year-over-year, while refinery crude oil throughput was down about 1% year-over-year to 487.7 Mb/d.
Over the past 10-plus years, there’s been an extraordinary consolidation among producers in Alberta’s booming oil sands region. Now, with Cenovus Energy’s planned multibillion-dollar acquisition of Athabasca Oil Corp., more than 90% of oil sands production will be owned by only five companies.
Suncor Energy provided details on how it planned to replace production from its Base Mine during an investor day Tuesday in Toronto. The mine, which is on pace to be fully depleted by 2035, provided nearly one-quarter of Suncor’s corporatewide production of 860 Mb/d after upgrading last year.
Enbridge expect their Line 9 reversal to be complete in October 2014. By the end of 2014 this pipeline will deliver 300 Mb/d of mainly light crude to two refineries in Quebec. But the Line 9 reversal will likely not have capacity to ship any crude for export – either from Canada’s East Coast or via the Portland-Montreal pipeline to Maine. Significant crude deliveries east of Quebec will have to wait for TransCanada’s Energy East pipeline in 2018. Today we explain why in the final episode of our series on feeding crude to eastern Canadian refineries.
