CALGARY, ALBERTA - Suncor Energy today reported it has been recognized by industry for exceptional environmental performance in the areas of oil sands tailings management and land reclamation.

Suncor won the President's Award in the Canadian Association of Petroleum Producer's 2011 Responsible Canadian Energy Awards competition for its new TRO_TM tailings management process and by becoming the first oil sands company to complete surface reclamation of a tailings pond.

"We're honoured to be acknowledged for our efforts," said Steve Williams, chief operating officer, Suncor. "Both projects are significant milestones on our journey toward sustainable development. Neither achievement would be possible without the exceptional contributions from our Oil Sands' Reclamation and Extraction Operations teams."

The awards, which recognize CAPP members who have demonstrated exceptional performance in their commitment to responsible development of Canada's petroleum resources, were handed out March 23 at a dinner in Calgary.

Suncor plans to spend more than $1 billion from 2010 to 2012 to implement its TRO_TM process, which is expected to result in significant improvement in the speed of oil sands tailings reclamation. Implementation towards full commercial scale operations is well underway.

Suncor and six other oil sands companies announced plans in December 2010 to work together in a unified effort to advance tailings management. Suncor intends to share details specific to its TRO_TM process with industry competitors so the environmental benefits of the innovation can be maximized.

In 2010, Suncor completed surface reclamation of Pond 1, the company's first storage pond for oil sands tailings when commercial operations began in 1967. Now named Wapisiw Lookout, the 220-hectare site is located at Suncor's mining operations north of Fort McMurray, Alberta.

CALGARY, ALBERTA - Suncor Energy today reported it has won the Major Reclamation Award from the Alberta Chamber of Resources. The award recognizes the importance of long-term corporate commitment to reclamation through innovation and improved reclamation techniques.

"We are very proud to receive this type of award," said Anne Marie Toutant, vice president, Mining Operations. "This award demonstrates that we deliver on our commitments to stakeholders by investing in technologies that help advance our environmental performance and reduce our tailings footprint."

Suncor has developed a new approach called TRO_TM for managing tailings at its oil sands mining operations near Fort McMurray. The process, which received regulatory approval in June 2010, is expected to result in significant improvement in the speed of oil sands tailings reclamation. Suncor plans to invest more than $1 billion over the next couple of years to implement the technology across its existing mining operations. Implementation towards full commercial scale operations is well under way. Read the full story.

St. Cloud, MN - Chevron again named JM Oil among the best in the industry as one of its select Signature Class lubrication providers. It is an honor awarded to only 10 percent of the nation's distributors. To achieve this elite status, companies need to have the highest quality of training and proven exceptional customer service.

As a signature class provider, JM Oil gives its customers access the largest and strongest distribution network in the lubricants industry.

Unique customer benefits include:

• Highly-trained professionals who are committed to knowing the latest product and solution information


• An inventory of diverse, premium products


• Inventory management services


• Certified product integrity


• Deliver repsonsive solutions to new and emerging lubricant challenges


• Safety-certified drivers to reliably deliver the products you need when you need them


• The highest ratings in customer satisfaction

PASCAGOULA, Miss., Jan. 31, 2011 – Chevron Corporation (NYSE: CVX) today announced that Chevron Lubricants will commence construction of a lubricants manufacturing facility at the company's Pascagoula refinery. The $1.4 billion Pascagoula Base Oil Project (PBOP) is projected to generate approximately 1,000 jobs over the next two years of construction and about 20 permanent positions once the facility is operating. 

The facility will manufacture 25,000 barrels per day of premium base oil, the main ingredient in the production of top-tier motor oil that helps improve fuel economy, lower tail-pipe emissions and extend the time between oil changes.

"Chevron was the first company to produce premium base oil," said Mike Wirth, executive vice president, Chevron Downstream & Chemicals. "With the addition of the Pascagoula facility, Chevron will become the world's largest producer of premium base oil. Demand for this product is increasing in the U.S. and around the world, and Chevron is adding capacity to meet that demand."     

Construction is scheduled to be completed by year-end 2013.

"Many communities are trying to attract world-class, long-lasting manufacturing projects. Now this one is a reality in Pascagoula," said Tom Kovar, general manager of Chevron's Pascagoula refinery. "Chevron's significant investment will benefit both the company and the community. The project will help us grow our business and provide an enormous boost for the local economy."

PBOP will roughly double Chevron's premium base oil production. The company currently manufactures premium base oil at its refinery in Richmond, Calif., and a joint venture facility in Yeosu, Korea.  Read the full story.

SAN RAMON, Calif. – Chevron Corporation (NYSE: CVX) today confirmed discoveries within the Moho-Bilondo license in the Republic of the Congo.

The Bilondo Marine 2 and 3 wells are located approximately 40 miles (70 kilometers) offshore of the Republic of the Congo, in 2,600 feet (800 meters) of water in the central part of the Moho-Bilondo license.

George Kirkland, vice chairman, Chevron Corporation, said, "These discoveries further demonstrate the potential of West Africa where Chevron has made significant investments to develop new energy resources."

Bilondo Marine 2 and 3 were drilled to a total depth of around 6,000 feet (1,800 m). The Bilondo Marine 2 (BILDM-2) well found 253 feet (77 m) of gross reservoir, while the Bilondo Marine 3 (BILDM-3) well, which had a different reservoir as objective, found 144 feet (44 m) of gross reservoir.  Both wells were successfully tested and flowed oil.

"We look forward to continuing the work needed to further evaluate these discoveries and potential development options," said Ali Moshiri, president of Chevron Africa and Latin America Exploration and Production Company. 

The discoveries follow two previous successful exploration wells, Moho Nord Marine-1 and 2, drilled in the permit area in 2007 and the positive appraisal wells Moho Nord Marine-3 in 2008 and Moho Nord Marine-4 in 2009.

The permit area's deepwater Moho-Bilondo project began production in April 2008 and is currently producing 90,000 barrels of crude oil a day. Chevron's subsidiary holds a 31.5 percent interest in the permit area with partners Société Nationale des Pétroles du Congo (15 percent) and Total E&P Congo (operator and 53.5 percent).

Mississauga, Ontario — Petro-Canada has announced the launch of DURONTM-E Synthetic 5W-40 Heavy Duty Engine Oil— a new addition to their premium line of heavy duty engine oils. The product, a high performance synthetic, specially formulated for both on- and off-road fleets, is licensed to the latest API Heavy Duty Engine Oil category: CJ-4. DURON-E Synthetic 5W-40 may be ideally suited for operators seeking extended drain intervals (along with an effective maintenance program), low engine wear, minimized oxidative thickening, corrosion protection, and optimal top-up and cold start-up performance. It meets and exceeds current category requirements and is suitable for use in ‘07 and ‘10 EPA compliant low emission engines and is also back-serviceable for use in pre-‘07 engines.

"I am proud of the products we have developed to help our customers consolidate their lubricant requirements, protect their equipment, and meet the latest emissions requirements" says Allan Murray, Category Manager, Commercial Industrial Engines, Petro-Canada Lubricants Inc. "Our lubricants have been developed over decades, and continue to exceed the industry’s requirements. We have a full line of products, including Synthetic Blend and Synthetic products designed to improve your bottom line. Our lubricant offering allows customers the opportunity to consolidate their lubricant inventories beyond heavy duty engine oil. Having a full line fleet offering allows our customers to select the engine oil, grease, hydraulic, gear and transmission fluid that best suits their requirements from a single supplier.”

DURON-E Synthetic 5W40 Heavy Duty Engine Oil is suited for 4-stroke diesel, gasoline, and some natural gas automotive applications where SAE 5W-40 is recommended, including 2010 EPA compliant low emission engines which employ advanced exhaust after treatment devices such as diesel particulate filters (DPF) with or without diesel oxidation catalysts (DOC), increased rates of Exhaust Gas Recirculation (EGR) and Selective Catalytic Reduction (SCR). DURON-E heavy duty engine oils are suitable for use in engines powered by both ultra low and low sulphur diesel.

CALGARY, ALBERTA-Petro-Canada announced today second quarter operating earnings of $99 million ($0.20/share), down 91% from $1,151 million ($2.38/share) in the second quarter of 2008. Second quarter 2009 cash flow from operating activities before changes in non-cash working capital was $634 million ($1.31/share), down 68% from $1,979 million ($4.09/share) in the same quarter of last year.

Net earnings were $77 million ($0.16/share) in the second quarter of 2009, compared with $1,498 million ($3.10/share) in the same quarter of 2008.

"We continued to manage our business in a prudent manner during the second quarter, as the downturn persisted," said Ron Brenneman, president and chief executive officer. "Staying the course we charted for ourselves at the beginning of this year has us in a strong position heading into our merger with Suncor."

As a result of the merger between Petro-Canada and Suncor, Petro-Canada will not be declaring further dividends. Dividends will now be granted and paid by the new amalgamated Company, subject to the approval of its new Board of Directors.