Statoil oil sands sale
11 Mar 2017 Tar sands are not just one of the dirtiest sources of oil, but one of the most expensive because of the high cost of turning them into usable fossil fuel. That is why big players are quitting the sector. Norwegian oil company Statoil 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. 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
1 Mar 2017 Yet Another Energy Company Bails On Canadian Tar Sands Oil — Is Koch Next? Before you do a happy dance about Shell and tar sands oil, there are a few caveats. Statoil has also been pulling in more wind energy. On the other GM's 10(+) Future EV Models: Our Estimated Specs & Sales Volume.
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 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. 21 Feb 2019 The Suncor mine facility along the Athabasca river as seen from a helicopter tour of the oil sands near Fort Other foreign companies that have reduced their oilsands presence in recent years include Norway's Statoil, Virtually all oil sands mines had year-over-year production gains in 2017, with the exception of Syncrude Canada's In January 2017, Statoil Canada Ltd. ( Statoil) completed the sale of its wholly owned KKD Leismer demonstration plant and 1 Mar 2017 Yet Another Energy Company Bails On Canadian Tar Sands Oil — Is Koch Next? Before you do a happy dance about Shell and tar sands oil, there are a few caveats. Statoil has also been pulling in more wind energy. On the other GM's 10(+) Future EV Models: Our Estimated Specs & Sales Volume.
PTT Exploration & Production Pcl agreed to buy a 40 percent stake in Statoil ASA’s oil sands project in Canada for $2.28 billion in the biggest acquisition by a Thai company. Statoil will retain 60
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. 21 Feb 2019 The Suncor mine facility along the Athabasca river as seen from a helicopter tour of the oil sands near Fort Other foreign companies that have reduced their oilsands presence in recent years include Norway's Statoil, Virtually all oil sands mines had year-over-year production gains in 2017, with the exception of Syncrude Canada's In January 2017, Statoil Canada Ltd. ( Statoil) completed the sale of its wholly owned KKD Leismer demonstration plant and 1 Mar 2017 Yet Another Energy Company Bails On Canadian Tar Sands Oil — Is Koch Next? Before you do a happy dance about Shell and tar sands oil, there are a few caveats. Statoil has also been pulling in more wind energy. On the other GM's 10(+) Future EV Models: Our Estimated Specs & Sales Volume. 22 Dec 2016 Statoil's sale of Canadian oil sands assets to invest in wind energy is a sign of where energy investments are headed.
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,
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 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)
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
14 Apr 2017 The sale included Statoil's six-year-old Leismer thermal oil sands project plus the proposed Corner oil sands project,. In June of 2016, Canada's leading energy producer, Suncor Energy took controlling interest in the syncrude 14 Mar 2017 Here are seven examples in the last three months of multinational oil companies scaling back or eliminating their holdings in the tar sands: Statoil. In December 2016, Norway's Statoil sold all of its tar sands assets at a loss and 11 Mar 2017 Tar sands are not just one of the dirtiest sources of oil, but one of the most expensive because of the high cost of turning them into usable fossil fuel. That is why big players are quitting the sector. Norwegian oil company Statoil 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. 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
14 Aug 2019 The company confirmed it had sold down its upstream oilsands holdings and surrendered expired leases in the play. Statoil SA, Total SA and others since 2017 to sell off producing and non-producing assets in the heavy oil 13 Apr 2017 A wave of sell-offs began last year when Murphy Oil and Norway's Statoil decided to pull out of the oil sands. Royal Dutch Shell followed last month, selling most of its operations to Canadian Natural Resources as part of a 3 Sep 2019 While European and American companies such as Royal Dutch Shell, Statoil ( now Equinor), Total, ConocoPhillips, Marathon Oil and Murphy Oil have been backing away from their oil sands exposure, Tokyo-based JACOS 20 Jun 2017 With high costs of extraction and an exodus of large oil companies, the Canadian oil sands industry demands innovation to succeed. This year alone, oil majors have sold over $22.5 billion of assets in Canada's energy industry, and been lured south to invest in the The exodus of international oil firms such as Royal Dutch Shell and Statoil ASA from oil sands has made innovation 9 Mar 2017 Earlier this year, Norway's Statoil closed its deal to sell all of its Canadian oilsands assets for $832 million. Marathon announced the oilsands sale in a news release that also revealed it would spend US$1.1 billion to buy