BP Names Ian Tyler Permanent Chairman After Governance Shake-Up 
Thomson Reuters C-Track Cyberattack Hits Courts Across U.S. and Canada 
Audi, SAIC Launch China Innovation Hub for New AUDI Models 
Anthropic IPO Marketing Expected to Start in Mid-October 
CATL Shares Fall as Hungary Plant Faces Safety Halt 
Milei Threatens Falkland Oil Firms With Sanctions 
OpenAI Nears Astra AI Model Launch With Safety Focus 
Xiaomi Shares Jump on Europe EV Expansion Plan 
GSM Eyes US, Europe Expansion Ahead of 2028 Hong Kong IPO 
Qantas Near-Miss Raises Sydney Air Traffic Controller Fatigue Concerns 
Shein Shares Drop 5% After Weak Hong Kong IPO Debut 
Nvidia Eyes $2.5 Billion Investment in Thinking Machines Lab 
Berkshire Hathaway Eyes Bigger Stakes in Japan’s Top Trading Houses 
ByteDance Secures $29.6 Billion Loan to Boost AI Investment 
Volkswagen Approves 50,000 More Job Cuts in Major Restructuring 
Tesla Cybercab Launch Puts Robotaxi Ambitions in Focus 
Add as a preferred source on Google
CALGARY, Alberta, Feb. 26, 2018 -- Suncor today announced it has closed the transaction to purchase a 5% interest in Syncrude from Mocal Energy.
The US$730 million, or approximately Cdn$925 million, purchase price is subject to closing adjustments and is based on an effective date of Jan.1, 2018.
Through this transaction Suncor's share in the Syncrude joint venture has increased from 53.74% to 58.74%. The Syncrude joint venture partners are Suncor (58.74%), Imperial Oil Resources (25%), Sinopec Oil Sands Partnership (9.03%) and Nexen Oil Sands Partnership (7.23%).
Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development and upgrading, offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand. A member of Dow Jones Sustainability indexes, FTSE4Good and CDP, Suncor is working to responsibly develop petroleum resources while also growing a renewable energy portfolio. Suncor is listed on the UN Global Compact 100 stock index. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.
For more information about Suncor, visit our web site at suncor.com, follow us on Twitter @Suncor or together.suncor.com
Media inquiries:
403-296-4000
[email protected]
Investor inquiries:
800-558-9071
[email protected]
