TotalEnergies has successfully completed the sale of TotalEnergies EP Canada Ltd. to Suncor, encompassing its stake in the Fort Hills oil sands asset and related midstream commitments. The transaction is valued at approximately US$1.1 billion (C$1.47 billion), with the deal becoming effective on April 1st, 2023. Following adjustments, TotalEnergies received C$1.83 billion (around US$1.3 billion) […]
TotalEnergies EP Canada Ltd. has successfully completed the sale of its 50% stake in the Surmont oil sands asset and related midstream commitments to ConocoPhillips. The transaction, valued at a base amount of C$4.03 billion (approximately US$3 billion), with potential contingent payments of up to C$440 million (about US$330 million), carries an effective date of […]
French oil and gas giant Total has secured financing for the $20 billion Mozambique LNG project with the signing of a $14.9 billion senior debt financing. The project, which represents the first onshore LNG development in Mozambique, calls for the development of the Golfinho and Atum natural gas fields in Offshore Area 1 concession and […]