Fort McMurray fires shut down even more oilsands facilities, knock one million barrels offline

Suncor Energy Inc., Imperial Oil Ltd. and Athabasca Oil Corp. all announced production reductions or shut-downs

CALGARY — More oilsands companies have been forced to reduce or shut down production as the raging wildfire that started near Fort McMurray spreads south to new producing areas.

Win Big With Our Small Cap Picks

 

Meanwhile, oil companies poured their resources into the firefighting effort — from sheltering evacuees to helping with medical emergencies.

Suncor Energy Inc., Imperial Oil Ltd. and Athabasca Oil Corp. all announced production reductions or shut-downs late in the day Thursday in response to the growing fire, which is now estimated to have pushed more than 1 million barrels — close to 40 per cent — of oilsands production offline.

Read the full article at: business.financialpost.com