Statoil sells oil sands assets to Athabasca Oil in $832M deal
Surprise sale agreement includes Statoil’s six-year-old Leismer thermal oil sands project.
Oil and gas cuts continue as companies struggle to reduce costs
Major players says cost cutting measures, including major job reductions, are starting to show results.
Athabasca Oil boosts capital budget to $667M
Also, the company’s CEO Sveinung Svarte will retire on Sept. 30.
Athabasca finally closes Dover oil sands sale to PetroChina
Sale will bring in $1.184 billion, $600 million of which has already been paid in cash.
Athabasca has confidence in Dover oilsands sale, Duvernay joint venture
Deal with PetroChina was announced in 2009 and would see the Chinese company own 60% of the McKay River and Dover oilsands projects.
Athabasca Oil plans $798 million in capital spending
Capital projects include construction of its Hangingstone oil sands project.
Foreign investment to slow moderately in oilsands, but that’s not all bad
May depress the value of some Canadian firms, but only moderately.
In-situ takes the heat
TAGD steps up as a game changer.