Suncor Energy Announces Daniel Romasko to Join Board of Directors

Suncor Energy (TSX: SU) (NYSE: SU) today announced the appointment of Daniel (Dan) Romasko to the company's Board of Directors. Mr. Romasko's appointment is pursuant to the cooperation agreement with Elliott Investment Management dated July 16, 2022 as amended, and is effective March 23, 2023.

"I'm pleased to welcome Dan to the Suncor board," said Board Chair Michael Wilson. "He brings with him significant energy and refining leadership experience, including experience more than a decade ago as an executive in Suncor's oil sands business. Dan's valuable expertise will complement our board skills and we're looking forward to working with him."

Mr. Romasko was most recently President and Chief Executive Officer of Enlighten Innovations, a manufacturing technology company specializing in heavy oil desulfurization and sodium recovery ceramic membranes. Prior to that, Dan was President and Chief Executive Officer of Motiva Enterprises LLC, a leading refiner (~1,000,000 barrels per day), distributor and marketer of transportation fuels and lubricant base oils in the Eastern, Southern, and Gulf Coast regions of the United States. In addition, he previously served as the Executive Vice President of Operations for Tesoro, a large United States refiner.

For Mr. Romasko's full biography, as well as further information on Suncor's Board of Directors, please visit suncor.com.

Suncor is Canada's leading integrated energy company. Suncor's operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and the company's Petro-Canada retail and wholesale distribution networks, including Canada's Electric Highway, a coast-to-coast network of fast-charging EV stations. Suncor is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. Suncor also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. Suncor has been recognized for its performance and transparent reporting on the Dow Jones Sustainability index, FTSE4Good and CDP. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.

- 30 -

For more information about Suncor, visit our web site at suncor.com or follow us on Twitter @Suncor.

Media inquiries:
(833) 296-4570
media@suncor.com

Investor inquiries:
(800) 558-9071
invest@suncor.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/159734

News Provided by Newsfile via QuoteMedia

SU:CA,SU
The Conversation (0)
Oil rig with stock charts overlayed.

ASX Oil and Gas Stocks: 5 Biggest Companies in 2025

Oil and gas are key energy fuels, and ASX-listed Australian oil and gas companies could benefit from their price moves.

For the most part, 2024 was a volatile year for both the oil and gas markets. In the first half of the year, oil prices were riding an uptrend, spurred on by rising tensions in the Middle East amid tightening supply.

However, after prices peaked at US$91.70 per barrel in early April, demand-side challenges weighed oil down, with levels sinking to US$77 in early June. In the second half of the year, oil prices took a hit as global economic uncertainties continued to grow.

By September 10, oil fell to a year-to-date low of US$69.09 as investors anticipated interest rate cuts in the US and the Israel-Hamas war continued to threaten supply chains. Weakness in demand from China also suppressed oil prices. By late December, prices were holding in the US$72.40 range.

Keep reading...Show less
Green hydrogen renewable energy production facility.

Energizing the Future: How Green Hydrogen is Shaping Sustainable Investments

As the world continues to face the challenges of and find solutions to climate change, the hydrogen economy is emerging as a beacon of hope in the area of sustainable energy. This transformative shift is not just reshaping industries; it's opening up exciting avenues for investors keen on aligning their portfolios with a greener future.

Hydrogen, particularly green hydrogen, is taking center stage in the global push towards decarbonization. Unlike its counterparts — blue and grey hydrogen — green hydrogen is produced using renewable energy sources, resulting in zero carbon emissions. This clean energy carrier is poised to play a crucial role in sectors traditionally difficult to decarbonize, such as heavy industry and long-haul transportation.

The numbers speak volumes about hydrogen's potential. Market projections paint an optimistic picture, with the global hydrogen generation market expected to surge from $158.8 billion in 2023 to a staggering $257.9 billion by 2028. More impressively, the green hydrogen market alone could surpass $334.6 billion by 2032. These figures underscore a seismic shift in energy paradigms, with clean hydrogen potentially capturing up to 30 percent of the market share by 2030, up from less than 1 percent today.

Keep reading...Show less
Alvopetro Energy (TSXV:ALV)

Alvopetro Announces December 2024 Sales Volumes

Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces December 2024 sales volumes of 1,828 boepd, including natural gas sales of 10.3 MMcfpd, associated natural gas liquids sales from condensate of 110 bopd and oil sales of 9 bopd, based on field estimates, bringing our average sales volumes to 1,738 boepd in the fourth quarter of 2024.

Keep reading...Show less
Trillion Energy Announces Completion of Alapli-2 Gas Well

Trillion Energy Announces Completion of Alapli-2 Gas Well

Trillion Energy International Inc. (" Trillion " or the "Company ") (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), is pleased to announce the successful installation of 2 38" velocity string tubing (VS) into the Alapli-2 natural gas well. This achievement marks a significant step in our ongoing efforts to enhance long-term gas production at the SASB field.

Following the successful completion of this operation, the team will prepare to transport the snubbing unit via crane barge to the East Ayazli tripod, where 2,888 meters of 2 3/8" VS tubing will be run into the Bayhanli-2 well. This phase is expected to be completed within the next 7 days, weather permitting.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Trillion Energy Announces CEO Retirement and New Management Appointments

Trillion Energy Announces CEO Retirement and New Management Appointments

Trillion Energy International Inc. (" Trillion " or the "Company ") (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), announces that the Company's Board of Directors has accepted Arthur Halleran's resignation and retirement as Chief Executive Officer and Director of the Company, effective December 27, 2024.   Mr. Art Halleran served as CEO since 2017 and spearheaded the SASB development project to date.

The Company is conducting an executive search, committed to selecting and appointing a seasoned executive with capital markets and technical experience to lead the Company as CEO. The recruitment process is well under way and the Board of Directors is committed to concluding the transition as soon as possible. The new CEO will focus on exploiting existing assets and strategically enter new plays to increase overall value to all shareholders.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Trillion Energy Announces Commencement of Operations on Tripods

Trillion Energy Announces Commencement of Operations on Tripods

Trillion Energy International Inc. (" Trillion " or the "Company ") (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), is pleased to announce the continuation of the velocity string tubing program on two tripods after previously completing operations on the Akcakoca platform in late November.

This week, a crane barge arrived at the SASB gas field to transport the snubbing unit from the Akcakoca platform to the Akkaya tripod for the next operation on the Alapli-2 well where 2,996 meters of 2 3/8 tubing will be run.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×