Statoil oil sands sale
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.
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.
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 Statoil entered the Alberta oilsands by buying North American Oil Sands Corp. in 2007. In 2014, it put the proposed 44,000-bpd Corner project on hold for at least three years, citing high costs. 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, as well as the proposed Corner SAGD project, from Statoil for $582 million plus payments based on the price oil to 2020 that could total $832 million. Statoil ASA. said Wednesday it is exiting its business in the Canadian oil sands, selling off its assets to Athabasca Oil Corp. and taking a loss of at least $500 million.
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
In 2016 Statoil sold the Leismer oil sand operation to Athabasca Oil. The cash and share sale was concluded in January 2017 for an estimated $800 million, thereby exiting the oil sands business "almost certainly
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.
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 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,
9 Mar 2017 The bulk of Royal Dutch Shell's oilsands holdings are being sold to Canadian Natural Resources in. Business Earlier this year, Norway's Statoil closed its deal to sell all of its Canadian oilsands assets for $832 million.
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
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 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