Calgary-based Suncor Energy shares dropped Friday
Calgary-based Suncor Energy shares dropped Friday after a piece of gear from it’s oilsands upgrader in Fort McMurray, Alta., had to be removed from support for maintenance.
The hydrogen reformer is actually part of the procedure accustomed to upgrade bitumen in to crude essential oil therefore that it may flow by pipe.
Canada’s Absolutely no. 2 oilsands maker said hello is evaluating the reason and how quickly it can restart the unit.
“Although the manufacturing mix of low- as well as high-sulphur items will be afflicted while the unit is undergoing maintenance, oilsands manufacturing remains a lot more than three hundred,thousand barrels per day,” the organization said in a discharge.
Upon Aug. 5, Suncor documented average manufacturing within July associated with 322,thousand casks per day. This said year-to-date production at the end of July experienced averaged two hundred and sixty,thousand and it was targeting 280,000 over 2010.
Suncor shares closed below 31 cents, or even .nine per cent, in order to $32.sixty eight about the Toronto Stock market.
Suncor Energy Corporation. has operations that include the oilsands, in addition to traditional as well as ocean going oil and gas manufacturing, petroleum refining as well as product advertising underneath the Petro-Canada brand.