Suncor holds off abandoning Canadian oilfield after eleventh hour rescue deal

Agreement in principle could revive fortunes of Terra Nova asset off Newfoundland, with province's premier saying new project could be sanctioned in August.

Deal: Mark Little, chief executive of Suncor Energy
Deal: Mark Little, chief executive of Suncor EnergyPhoto: REUTERS/SCANPIX
Published 17 June 2021, 09:43Updated 18 June 2021, 12:25