Page 24 - Ryan Lance News Today

ConocoPhillips is exercising its preemption right to purchase the remaining 50% interest in Surmont from TotalEnergies EP Canada for approx. $3 billion (CAD$4 billion), subject to customary adjustments, as well as contingent payments of up to approx. $325 million (CAD$440 million). ConocoPhillips currently holds a 50% interest as operator of Surmont and will own 100% upon closing.

CALGARY — U.S. oil company ConocoPhillips said Friday it will exercise its right of first refusal and purchase TotalEnergies' 50 per cent stake in the Surmont oilsands project for $4 billion.

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

ConocoPhillips today announced that it is exercising its preemption right to purchase the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $3 billion , subject... | May 26, 2023

26.05.2023 - ConocoPhillips (NYSE: COP) today announced that it is exercising its preemption right to purchase the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $3 billion (CAD$4 billion), subject to customary adjustments, ... Seite 1

CALGARY - U.S. oil company ConocoPhillips said Friday it will exercise its right of first refusal and purchase TotalEnergies' 50 per cent stake in the Surmont oilsands project for $4 billion.

ConocoPhillips will snap up TotalEnergies 50% stake in the Surmont oil sands field for more than $3 billion in a move that will prevent Suncor Energy from buying into the project

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Excess rig equipment and falling rig numbers suggest a fall in US drilling despite a continued pro-natural gas policy.