Published 11 months ago

ConocoPhillips to exercise pre-emptive right; will buy rest of Surmont project

Summary by Ground News

The Houston-based oil company is currently the operator and the 50 per cent owner of the in situ oilsands asset near Fort McMurray, Alta. The U.S. company's move to buy the remaining stake is a blow to Calgary-based Suncor Energy Inc., which announced in April its intention to acquire Total's share of Surmont.

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Sask Today

ConocoPhillips to exercise pre-emptive right; will buy rest of Surmont project

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.

11 months ago

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Red Deer Advocate

ConocoPhillips to exercise pre-emptive right; will buy rest of Surmont project - Red Deer Advocate

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. The Houston-based oil company is currently the operator and the 50 per cent owner of the in situ oilsands asset near Fort McMurray, Alta. In a news release, ConocoPhillips’ CEO Ryan Lance said Surmont is an important asset within the company’s diverse, low-cost portf…

11 months ago

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Bashaw Star

ConocoPhillips to exercise pre-emptive right; will buy rest of Surmont project - Bashaw Star

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.

11 months ago·Ponoka, Canada

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Tri-City News

ConocoPhillips to exercise pre-emptive right; will buy rest of Surmont project

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.

11 months ago·Coquitlam, Canada

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Alaska Highway News

ConocoPhillips to exercise pre-emptive right; will buy rest of Surmont project

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.

11 months ago

Read Full Article

Mountainview Today

ConocoPhillips to exercise pre-emptive right; will buy rest of Surmont project

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.

11 months ago

Read Full Article

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