Statoil oil sands sale
18 Apr 2017 These sales follow on ExxonMobil's massive write-down of its oil sands reserves a few weeks earlier, the decision in December 2016 by Norway's Statoil to exit the oil sands altogether, and the sale of major assets by France's In September 2015, Total S.A. sold a 10 percent interest in the Fort Hills Oils Sands Project to its partner, Suncor Energy Inc. In December 2016, Statoil ASA announced that its Canadian subsidiary, Statoil Canada Ltd. would sell its oil sands oilsands are concerned,. Marathon Oil, Statoil, Total and, to a large extent, Shell and ConocoPhillips have announced Canadian companies have stepped up the purchases of oilsands assets on the sale block from the international majors 3 Sep 2019 When it comes to talking about how the northern Alberta oilsands have lost their lustre for foreign investors, Statoil (now Equinor), Total, ConocoPhillips, Marathon Oil and Murphy Oil have been backing away from their 1 Jul 2018 Deborah Yedlin and Kevin Taft differ (respectively) on whether oil sands development should continue or be phased out. The fact that Royal Dutch Shell, Marathon Oil, Statoil, Chevron and ConocoPhillips all chose to sell their oil sands assets in 2017 was seen by some are so low that in recent years the government earned more from liquor and gambling than from bitumen sales. 21 Feb 2019 The Suncor mine facility along the Athabasca river as seen from a helicopter tour of the oil sands near Fort Other foreign companies that have reduced their oilsands presence in recent years include Norway's Statoil, Virtually all oil sands mines had year-over-year production gains in 2017, with the exception of Syncrude Canada's In January 2017, Statoil Canada Ltd. ( Statoil) completed the sale of its wholly owned KKD Leismer demonstration plant and
14 Dec 2016 The sale includes Statoil's six-year-old Leismer thermal oilsands project, which uses steam to produce 24,000 barrels per day of bitumen from wells, and its proposed Corner oilsands project. Statoil says Athabasca (TSX:ATH)
14 Mar 2017 Here are seven examples in the last three months of multinational oil companies scaling back or eliminating their holdings in the tar sands: Statoil. In December 2016, Norway's Statoil sold all of its tar sands assets at a loss and 11 Mar 2017 Tar sands are not just one of the dirtiest sources of oil, but one of the most expensive because of the high cost of turning them into usable fossil fuel. That is why big players are quitting the sector. Norwegian oil company Statoil Statoil was once known as an environmentally responsible oil company. But the 2007 acquisition of the tar sands leases in Canada for 12 billion NOK has changed this image. 21 Apr 2017 Statoil booked an impairment charge of $500-$550 million, when it sold its oil sands assets to Athabasca Oil Corp. Similarly, Marathon sold its stake in the Athasbasca Oil Sands Project for $2.5 billion, having paid $6.2 billion 18 Apr 2017 These sales follow on ExxonMobil's massive write-down of its oil sands reserves a few weeks earlier, the decision in December 2016 by Norway's Statoil to exit the oil sands altogether, and the sale of major assets by France's
14 Dec 2016 Statoil has signed an agreement to divest its 100% owned Kai Kos Dehseh (KKD ) oil sands projects in the Canadian province of Alberta to Athabasca Oil Corporation (TSX: ATH). The transaction covers the producing Leismer
14 Dec 2016 The Norwegian oil giant said its offshore operations in Canada wouldn't be affected by the sale of its oil sands assets. Photo: Bloomberg News. By. Chester Dawson. 15 Dec 2016 Image: Statoil. The Leismer SAGD project has returned to the hands of a Canadian oilsands producer. Athabasca Oil Corporation announced Wednesday that is acquiring the producing project and associated infrastructure, 14 Apr 2017 The sale included Statoil's six-year-old Leismer thermal oil sands project plus the proposed Corner oil sands project,. In June of 2016, Canada's leading energy producer, Suncor Energy took controlling interest in the syncrude 14 Mar 2017 Here are seven examples in the last three months of multinational oil companies scaling back or eliminating their holdings in the tar sands: Statoil. In December 2016, Norway's Statoil sold all of its tar sands assets at a loss and 11 Mar 2017 Tar sands are not just one of the dirtiest sources of oil, but one of the most expensive because of the high cost of turning them into usable fossil fuel. That is why big players are quitting the sector. Norwegian oil company Statoil Statoil was once known as an environmentally responsible oil company. But the 2007 acquisition of the tar sands leases in Canada for 12 billion NOK has changed this image.
In September 2015, Total S.A. sold a 10 percent interest in the Fort Hills Oils Sands Project to its partner, Suncor Energy Inc. In December 2016, Statoil ASA announced that its Canadian subsidiary, Statoil Canada Ltd. would sell its oil sands
14 Dec 2016 CALGARY — Norwegian oil company Statoil ASA said Wednesday it was selling its stake in the oilsands to Calgary-based Athabasca Oil Corp. in a deal worth as much as $832 million in the latest departure of an oil major 15 Dec 2016 Norwegian oil company Statoil finally did what climate activists, environmentalists and several top Norwegian politicians have been urging for years: Sell off the last of its highly controversial oil/tar sands assets in Canada. 14 Dec 2016 Calgary-based Athabasca Oil Corp. has struck a deal to buy the northern Alberta oilsands operations of Norwegian oil giant Statoil ASA in a deal worth up to $832 million. The surprise sale announced Wednesday includes 14 Dec 2016 The sale includes Statoil's six-year-old Leismer thermal oilsands project, which uses steam to produce 24,000 barrels per day of bitumen from wells, and its proposed Corner oilsands project. Statoil says Athabasca (TSX:ATH)
Virtually all oil sands mines had year-over-year production gains in 2017, with the exception of Syncrude Canada's In January 2017, Statoil Canada Ltd. ( Statoil) completed the sale of its wholly owned KKD Leismer demonstration plant and
But the sale is still a significant departure – Statoil is a major international energy player that helped the Canadian oil-sands industry gain global credibility when it came to investment Statoil and Athabasca Oil Corporation have completed their previously announced transaction, whereby Statoil has sold its entire oil sands operations in the Canadian province of Alberta to Athabasca.The divestment includes the producing Leismer demon Wednesday, January 1, 2020 Statoil completes sale of Alberta oil sands Feb. 1 (UPI) -- Norwegian energy major Statoil said it closed on the sale of its entire oil sands operations in the oil-rich Canadian province of
9 Mar 2017 The sale will also include its assets at the Peace River Complex and a number of other undeveloped oilsands leases. Shell isn't the first European fossil fuel producer to exit Alberta, with Norway's Statoil announcing their 27 Jan 2017 In December 2016, Statoil announced the sale of its entire oil sands portfolio to Athabasca Oil Corporation in a move that was seen as driven by decarbonisation efforts. However, while the decarbonisation theme is apparent, 26 Nov 2014 With crude prices currently low, and Total and Statoil recently shelving oil sands projects in Canada this is under threat. The current low oil price could also mean the Canada's oils sands are too expensive to extract. Carbon Statoil and Athabasca Oil Corporation (TSX: ATH) have completed their previously announced transaction, whereby Statoil has sold its entire oil sands operations in the Canadian province of Alberta to Athabasca. Norwegian oil company Statoil ASA has agreed to sell its Canadian oil sands assets to Calgary-based Athabasca Oil Corp in a deal worth up to C$832 million, Statoil said in a statement on Wednesday. Feb. 1 (UPI) — Norwegian energy major Statoil said it closed on the sale of its entire oil sands operations in the oil-rich Canadian province of Alberta. Statoil said it completed the sale of its oil sands division to Athabasca Oil Corp.