suncor fort hills news

Meanwhile, refineries in North America are cutting fuel production, with some shutting down altogether. MARKET INSIGHTS. If you don't see it please check your junk folder. Hoff would not provide details on the man's age or hometown.   The media has long had a love-hate relationship with the oil and gas industry. Teck Resources mulls full shutdown as local oil prices hit record lows. In the e...Amid an economic downturn, the small town of Oyen, AB has seen a boost. Neither Suncor nor SMS could be reached for comment on Tuesday. TECHNICAL GUIDES. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. PROJECT DATA. “However, more work needs to be done and we will update you as work progresses.”. Terms & Conditions, The role of Canada’s resources in delivering our modern world, Biden calls for 'transition' from oil, GOP sees opening, Hydrogen mega-project in Australia on approval fast-track, ​Suncor getting ready to turn on autonomous hauling at Fort Hills: This week’s best quotes, ​Imperial testing driverless oilsands haulers at Kearl, Oil slumps below $39 on surging virus and stimulus stalemate, Markets expected to take measure of Cenovus Husky deal as earnings season begins, Rising Star duo share passion for creating change in industry, Cenovus to buy Husky Energy for $3.8 billion in shares. The last major oilsands mine to start operating in northern Alberta could be Canada’s first big casualty of the Saudi-Russian price war and the Covid-19 pandemic. ENERGY STATISTICS. Oil crash tips a former titan of U.S. shale into bankruptcy, Oil stocks surge after Keystone deal, but sector isn't out of the woods yet, Alberta needs a lifeline, or expect bankruptcies, tap here to see other videos from our team. According to a recent article in Bloomberg, one of the world's biggest frac...According to a recent article in Bloomberg, one of the world's biggest frac... Suncor Energy to Cut 2,000 Employees in... Calgary-based oil and gas company Suncor says it plans to reduce its workforce b...Calgary-based oil and gas company Suncor says it plans to reduce its workforce b... Keystone XL Pipeline brings 'Mini-Boom'... Amid an economic downturn, the small town of Oyen, AB has seen a boost. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. “We’re in the process now of getting ready to turn on some of that at Fort Hills,” he said. Suncor initiated the roll out of autonomous hauling across its oilsands fleet in January 2018. Box 500 Station A Toronto, ON Canada, M5W 1E6. Suncor Energy cut its capital budget earlier this year by $1.9 billion, and reduced its prized quarterly dividend in May by 55 per cent. Komatsu’s largest autonomous truck in the world is now in commercial operations in Canada, SMS Equipment said in a statement on Monday. Fort Hills will be the second of the main Suncor mine truck fleets to go fully autonomous. The announcement calls for Suncor to shut in one of its two so-called 'trains' at the 2 year old Fort Hills oilsands mine.   It is a priority for CBC to create a website that is accessible to all Canadians including people with visual, hearing, motor and cognitive challenges. “At this time, we have made no decision to move to a full shutdown,” a representative for Suncor said. It also scaled back some operations at its Fort Hills oilsands mine. Occupational Health and Safety said it was notified and investigators were dispatched to the scene Monday night. “At this time, we have made no decision to move to a full shutdown,” a representative for Suncor said. Meanwhile, refineries in North America are cutting fuel production, with some shutting down altogether. The intent would be over the next several years to roll this through and turn all of our operated mines at base plant and at Fort Hills to fully autonomous.” Suncor initiated the roll out of autonomous hauling across its oilsands fleet in January 2018. Job Opportunity: Immediate Openings for Security Guards in Calgary & Edmonton, AB ($18-$20/hr), "Unit costs for the remaining production will be higher because of this decision as a result of fixed costs being covered by lower volumes.”. In its Q1 2020 report released May 5, oil sands major Suncor Energy outlined the challenges it is facing with the COVID-19 pandemic leading to an unprecedented decline in demand for transportation fuels and a significant oversupply of crude oil resulting in a substantial decline in crude oil prices. Oil & Gas Canadian oil producers have already announced about 100,000 barrels a day of production cuts in response to the price crash, Goldman Sachs Group Inc. analyst Emily Chieng said in a note. Digital Oilfield EDMONTON—Occupational Health and Safety (OHS) continues to investigate after a 24-year-old man died on the job at a Fort McMurray oilsands mine. Suncor also operates the 960E truck but it is unclear if any of these units have also been converted to auto operation. Suncor Energy Inc., another partner in the venture, announced last week one of the mine’s two production lines would be closed to preserve cash. The company also is delaying the start up of its MacKay River oilsands wells to May, after operations were halted in December because of a malfunction and fire. The Company's cuts come as as the Coronavirus pandemic combined with the sustained Saudi / Russia price war sends global oil benchmarks such as Brent Crude and West Texas Intermediate to the lowest prices seen in 20 years. At the time of this article, Western Canadian Select had climbed to $11.24. © 2020 Oilfield Job Shop - All Rights Reserved. Management of the autonomous projects is mainly done between Suncor and the Komatsu dealer in the oil sands, SMS Equipment, along with Modular Mining Systems and Komatsu Mining input. A worker is dead following a "light-vehicle accident" Monday at a Suncor oilsands mine in northern Alberta. Total SA is also one of the owners. Ledcor spokesperson David Hoff said the man killed was one of the company's employees. We ask you to keep your comments relevant and respectful. In-depth reporting on the innovation economy from The Logic, brought to you in partnership with the Financial Post. Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. Fort Hills is an open-pit truck and shovel mine about 525 kilometres north of Edmonton. "At Fort Hills we never actually hired permanent staff to operate the trucks in anticipation of us putting in autonomous haul trucks, so we have some people doing contract work today. Sign In My Account. Storage tanks worldwide are brimming with crude as the global pandemic destroys demand, while Saudi Arabia and Russia flood the market in a fight for market share. Privacy Policy Unit costs for the remaining production will be higher because of this decision as a result of fixed costs being covered by lower volumes. The guidance for Suncor’s share of Fort Hills bitumen production in 2020 was reduced to between 55,000 to 65,000 barrels a day from between 85,000 to 95,000 barrels a day, the company said in its release. Suncor’s first quarter 2020 operating loss was C$309 million compared to operating earnings of C$1.209 billion in the prior year quarter. When first announced in January 2018 Suncor said that the rollout of autonomy with some 150 trucks across its operations would take up to six years – so up to early 2024 – but as outlined above market conditions are speeding up this timeline somewhat. Y...The media has long had a love-hate relationship with the oil and gas industry. This advertisement has not loaded yet, but your article continues below. Suncor started the roll out of autonomous hauling across its oil sands fleets in early 2018. and the first of its three operated mines, North Steepbank, saw its fleet of 18 trucks working with three manned shovels go fully autonomous in September 2018. Suncor - one of the largest players in the oilsands - is shutting production to cope with low oil prices and virus impact. Comments may take up to an hour for moderation before appearing on the site. Syncrude isn’t at that stage. The dual shock is pushing some producers to the brink, with shale titan Whiting Petroleum Corp. filing for bankruptcy on Wednesday. Please try again. © Glacier RIG Ltd., all rights reserved. Oilsands & Heavy Oil There have been some learnings along the way for Suncor, such as the fact that autonomous trucks will follow an identical path of travel every trip so that deep rutting occurs in summer after several passes due to material characteristics; this has required addition of variability to a system that is predicated on consistency. The guidance for Suncor’s share of Fort Hills bitumen production in 2020 was reduced to between 55,000 to 65,000 barrels a day from between 85,000 to 95,000 barrels a day, the company said in its release. Email: [email protected] or [email protected], Grinding media leader Molycop launches new testing facilities in Chile, Peru & Australia, Komatsu unveils battery medium-class two boom, hoseless, semi-autonomous ZJ32Bi hard rock jumbo, Komatsu unveils innovative common platform small underground hard rock jumbo and bolter, The Truck n Shovel 2019 Conference Papers. The Suncor AHS fleet last year was producing some 5 Mt/mth with the 100 Mt AHS milestone surpassed in Q4 2019. Team Publishing Ltd SMS has a dedicated training facility in Fort McMurray and another in its Acheson headquarters, near Edmonton. Interestingly at the time he also gave some insight as to why automation hasn’t gone ahead yet at Syncrude (now owned by Suncor 58.74%). This place we call home, Canada, is outstanding in so many ways. Tech Innovation. Read more about cookies here. Technology trends drive business development – grow your business with the Daily Oil Bulletin. … Read More: 3 Reasons Oil Prices Will Be $65 Per Barrel By the End of 2020. We encountered an issue signing you up. Fort Hills can produce 194,000 barrels of oil a day, more than OPEC member Equatorial Guinea. “The partners continue to further analyze capital- and operating-cost reduction opportunities, and, as you might imagine, we’re certainly looking at the potential shutdown of the operation,” Teck Chief Executive Officer Don Lindsay said during an investor presentation. The next issue of Top Stories Newsletter will soon be in your inbox. Teck Resources Ltd., one of the partners in the Fort Hills project that formally opened in September 2018, is considering a full shutdown of the mine to cut costs after local prices hit record lows. Total SA is also one of the owners. The Company's cuts come as as the Coronavirus pandemic combined with the sustained, will increase cash flow, particularly when bitumen prices are extremely low, as we are able to significantly reduce variable costs,". Suncor Energy also said that it will be cutting it's capital spending by 26% in 2020, adding the company to the list of Canadian oil producers to slash their budgets in recent weeks.

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