February 5, 2026–Written by Will Ploch, Assistant Editor-in-Chief for IIR News Intelligence (Sugar Land, Texas)–Canadian oil titan Suncor Energy plans to boost its crude production in 2026, despite a projected reduction in capital expenditures. Executives insist the company can strike this balance amid a weak outlook for oil prices, with several expansion projects preparing to kick off this year in Canada’s most prosperous regions.
Industrial Info is tracking US$16.4 billion worth of active and proposed projects from Suncor, nearly all of which is attributed to projects in Alberta’s Athabasca oil sands. Suncor expects upstream production to average 840,000 to 870,000 barrels per day (BBL/d) this year, up from its estimate of 810,000 to 840,000 BBL/d for full-year 2025.
