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
Also in this section
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
