TotalEnergies finalizes sale of Canadian oil sands assets to Suncor for over $1bn

TotalEnergies finalizes sale of Canadian oil sands assets to Suncor for over $1bn

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 finalizes $3bn sale of Surmont oil sands asset to ConocoPhillips

TotalEnergies finalizes $3bn sale of Surmont oil sands asset to ConocoPhillips

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 […]