🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

UPDATE 1-Fire extinguished at Syncrude oil sands plant in Alberta

Published 2017-07-10, 03:05 p/m
© Reuters.  UPDATE 1-Fire extinguished at Syncrude oil sands plant in Alberta
SU
-

(Adds details on Syncrude operations, production)

By Nia Williams

CALGARY, Alberta, July 10 (Reuters) - A small fire broke out in a sulphur emissions reduction unit at the Syncrude oil sands plant in northern Alberta on Monday morning and was extinguished within two hours with no injuries to workers, a Syncrude spokesman said.

The unit was being assessed for damages and it was too early to tell if there would be any effect to Syncrude production, said spokesman Leithan Slade.

Monday's fire, which started just before 9 a.m. local time (1500 GMT) and was extinguished by 10:21 a.m., comes after a much larger fire in March at Syncrude's Mildred Lake upgrader that temporarily shut down production at the 350,000 barrel-per-day project.

Syncrude, majority owned by Suncor Energy Inc SU.TO , is still in the process of ramping back up to full capacity after the March fire, which prompted the company to bring forward planned maintenance. week the project cut its July synthetic crude production forecast by around 1.1 million barrels to 8.4 million barrels, three trading sources said. synthetic crude prices for August delivery last traded at 60 cents per barrel over the West Texas Intermediate benchmark, according to Shorcan Energy brokers, having settled at 80 cents barrel over WTI on Friday. (Editing by Lisa Shumaker)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.