Truck News

News

Suncor, Petro-Canada to merge operations

CALGARY, Alta. -- Oil and gas giants Petro-Canada and Suncor Energy have agreed to a merger.


CALGARY, Alta. — Oil and gas giants Petro-Canada and Suncor Energy have agreed to a merger.

 

The two companies jointly announced the merger yesterday. Upon completion of the deal, the two companies will operate under the Suncor name, while maintaining the brand presence of Petro-Canada in refined products, according to a statement.

 

“This merger creates a made-in-Canada energy leader with the assets, cost structure and financial strength to compete globally,” said Rick George, president and CEO of Suncor. “The combined portfolio boasts the largest oil sands resource position, a strong Canadian downstream brand, solid conventional exploration and production assets, and low-cost production from Canada’s east coast and internationally.”


Truck News

Truck News

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.
All posts by

Print this page
Related Articles
TruckNews
TodaysTrucking


Have your say:

Your email address will not be published. Required fields are marked *

*