04.10.2023 - Regulatory News: TotalEnergies EP Canada Ltd. (Paris:TTE) (LSE:TTE) (NYSE:TTE) has finalized today the sale to ConocoPhillips of its 50% interest in the Surmont oil sands asset and associated midstream commitments. The transaction, for a base amount .
French company TotalEnergies says it has finalized its sale of its stake in the Surmont oilsands project to U.S. oil company ConocoPhillips in a deal worth up to $4.4 billion.
Suncor Energy had announced its intention to acquire Total's share of Surmont, but ConocoPhillips threw a wrench into those plans by exercising its right of first refusal on the remaining stake.
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