ConocoPhillips to exercise pre-emptive right, will buy rest of Surmont oil sands project

ConocoPhillips is currently the operator and the 50% owner of the in situ oil sands asset near Fort McMurray

The Houston-based oil company is currently the operator and the 50 per cent owner of the in situ oil sands asset near Fort McMurray, Alta.said it would acquire the other half of Surmont, part of a larger $6.

1-billion deal that would also see Suncor acquire French company Total’s stake in the Fort Hills oil sands project.The company says it expects the deal will add approximately US$600-million of annual free cash flow in 2024, based on a West Texas Intermediate oil price of US$60.Tickers mentioned in this storyYour Globe

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

globeandmail /  🏆 5. in CA

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ConocoPhillips to exercise pre-emptive right; will buy rest of Surmont project - BNN BloombergConocoPhillips says it will exercise its right of first refusal and purchase TotalEnergies' 50 per cent stake in the Surmont oilsands project for $4 billion.
Read more »

ConocoPhillips buys remaining stake in Surmont for $3 billionConocoPhillips is buying the remaining 50% interest in Surmont oilsands project from TotalEnergies for about $3 billion. Read more
Read more »

ConocoPhillips buys remaining stake in Surmont for $3 billionConocoPhillips is buying the remaining 50% interest in Surmont oilsands project from TotalEnergies for about $3 billion. Read more
Read more »

ConocoPhillips buys remaining stake in Surmont for $3 billionConocoPhillips is buying the remaining 50% interest in Surmont oilsands project from TotalEnergies for about $3 billion. Read more
Read more »

Game #50 Game Thread: Jays @ RaysGame three of the four-game series. Yusei Kikuchi gets the start. He’s not been as good in May as he was in April. Hopefully, that turns around now. Shane McClanahan, on the other hand, has been...
Read more »

South Island doctor drops all patients under the age of 50A former patient who suffers anxiety and depression says losing her family doctor because she's 'too young', is devastating.
Read more »