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

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…

Chevron Sells Canada Oil Sand, Shale Assets for $6.5 Billion

Chevron Corp. agreed to sell its stakes in some oil sands and shale assets to Canadian Natural Resources Ltd. for $6.5 billion.

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.

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.

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…

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 […]