Skip to main content

Canada’s Suncor Energy SU-T is continuing talks with French oil major TotalEnergies TTE-N about buying its nearly one-third stake in the Fort Hills oil sands site, Suncor’s CEO said on Tuesday.

Chief Executive Rich Kruger, who added he expects a resolution to the talks this year, said Suncor prefers to own 100 per cent of its facilities. Canada’s second-largest oil producer is looking to increase its bitumen supplies to replace its aging Base Mine.

Report an error

Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 01/03/24 4:00pm EST.

SymbolName% changeLast
SU-T
Suncor Energy Inc
+2.84%47.4
SU-N
Suncor Energy Inc
+2.89%34.94
TTE-N
Totalenergies Se ADR
+0.67%64.5

Follow related authors and topics

Authors and topics you follow will be added to your personal news feed in Following.

Interact with The Globe