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Suncor Energy reported net earnings of $1.4 billion (CAD 1.879 billion) in the second quarter.

The Terra Nova life extension project prolongs the productive life of the oil field by about 10 years.

Suncor shares rose to an almost 16-year high after the oil-sands producer accelerated plans to ramp up share buybacks.

Suncor shares rose to an almost 16-year high after the oil-sands producer accelerated plans to ramp up share buybacks.

The acquisition adds 61,000 barrels per day of net bitumen production capacity and 675 million barrels of proved and probable reserves.

Following a review, Suncor Energy has decided to retain and optimize the Petro-Canada retail business.

Suncor aims to progress early stage technical and commercial feasibility assessments on a prospective oil sands lease development opportunity on Fort McKay reserve lands.

The plant is targeted to generate almost 400,000 metric tons of green methanol per year for marine fuel.

The transaction has been unanimously approved by the board of directors of both companies.

TotalEnergies-operated Tyra Redevelopment Project in the Danish North Sea has experienced delays due to global supply chain difficulties.