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Canadian Natural Resources buying Chevron's Alberta assets for US$6.5B

Canadian Natural Resources is acquiring Chevron's Alberta assets for US$6.5 billion, according to President Scott Stauth.
The acquisition includes Chevron's 20 percent interest in the Athabasca Oil Sands Project and additional assets.
This deal will increase Canadian Natural’s working interest in these operations to 90 percent.

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The Epoch Times

Canadian Natural Resources Buying Chevron’s Alberta Assets for US$6.5B

Canadian Natural Resources Ltd. has signed a deal to buy Chevron Canada Ltd.’s interests in the Athabasca Oil Sands Project and Duvernay shale for US$6.5 billion. “These assets are a great fit for Canadian Natural and will allow us to further implement our strong operating culture and drive significant value for shareholders,” Canadian Natural president Scott Stauth said in a statement Monday. “Both acquisitions provide Canadian Natural with imm…

5 months ago·New York, United States

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Global News

Canadian Natural Resources buying Chevron Alberta assets in deal worth US$6.5B

The transaction will bring Canadian Natural's total current working interest in the operations to 90 per cent.

5 months ago·Toronto, Canada

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CBC News

Canadian Natural Resources buying Chevron's Alberta assets for $6.5B US

Canadian Natural Resources Ltd. has signed a deal to buy Chevron Canada Ltd.'s interests in the Athabasca Oil Sands Project and Duvernay shale for $6.5 billion US.

5 months ago·Canada

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Oil Price

Chevron to Sell Canadian Oil Sands and Shale Assets for $6.5 Billion

Chevron has decided to sell oil sands and shale assets in Canada to Canadian Natural Resources Limited for $6.5 billion in cash, as part of the U.S. supermajor’s plan to sell off assets and optimize its portfolio. Chevron, via Chevron Canada Limited, will sell its 20% non-operated interest in the Athabasca Oil Sands Project (AOSP), the 70% operated interest in the Duvernay shale, and related interests, all located in Alberta, Canada, the U.S. oi…

5 months ago·London, United Kingdom

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Winnipeg Free Press

+29 Reposted by 29 other sources

Canadian Natural Resources buying Chevron's Alberta assets for US$6.5B

CALGARY – Canadian Natural Resources Ltd. has signed a deal to buy Chevron Canada Ltd.’s interests in the Athabasca Oil Sands Project and Duvernay shale for US$6.5 billion. “These assets […]

5 months ago·Winnipeg, Canada

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pipelineonline.ca

CP Canadian Natural Resources buying Chevron's Alberta assets for US$6.5B

Canadian Natural Resources Ltd. logo is shown in a handout. Canadian Natural Resources Ltd. has signed a deal to buy Chevron Canada Ltd.’s interests in the Athabasca Oil Sands Project and Duvernay shale for US$6.5 billion. THE CANADIAN PRESS/HO Canadian Natural Resources Ltd. has signed a deal to buy Chevron Canada Ltd.’s interests in the Athabasca Oil Sands Project and Duvernay shale for US$6.5 billion. The all-cash deal will see …

5 months ago

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