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 

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. Calgary-based Athabasca Oil Corp. is buying the northern Alberta oilsands operations of Norwegian oil giant Statoil ASA in a deal worth up to $832 million. The sale includes Statoil's six-year-old 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

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 

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  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, 

But the sale is still a significant departure – Statoil is a major international energy player that helped the Canadian oil-sands industry gain global credibility when it came to investment

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 

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 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. Calgary-based Athabasca Oil Corp. is buying the northern Alberta oilsands operations of Norwegian oil giant Statoil ASA in a deal worth up to $832 million. The sale includes Statoil's six-year-old

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.

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  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.

14 Dec 2016 Statoil's Canadian Thermal Oil assets include the producing Leismer lease, delineated Corner lease and strategic regional infrastructure. 300,000 barrels of storage capacity at the Cheecham Terminal and access to multiple sales points with marketing agreements development and production of petroleum, natural gas and oil sands reserves and resources; risks related to gathering  9 Mar 2017 The sale will also include its assets at the Peace River Complex and a number of other undeveloped oilsands leases. Shell isn't the first European fossil fuel producer to exit Alberta, with Norway's Statoil announcing their