Joins other energy players that have reduced their exposure in the oil sands.
Proceeds to go towards money borrowed for the acquisition of ConocoPhillips Canadian assets.
Company will spend $650 million in 2019 to drill up to 120 wells in the Deep Basin of northeastern BC and northwestern Alberta.
Analysts note there are fewer significant assets available after more than a year of consolidation transactions.
Deal makes the US-based company the latest international energy producer to lessen it’s exposure to Alberta.
AER said it was the largest hydrocarbon leak from a pipeline since Nexen.
Ramping up production back to pre-shutdown levels of roughly 60,000 barrels a day.
Analysts estimate nearly half of the oil sands’ 2.5 million bpd capacity was offline at times over the past three weeks.
State says the plant will provide incentive for petroleum companies to explore and invest in Cook Inlet.
Deal is worth $751 million.
Two spills in 2011 dumped more than 700 barrels of mineral oils into the Bohai sea.
State-run Indian oil company says it hasn’t made a foreign takeover bid on six Alberta oil plays owned by ConocoPhillips.
Report says joint bid is for a 50% to secure overseas energy.
To battle rising jet fuel costs, US airline goes right to the source.
ConocoPhillips has started up a $3.8-billion coker and refinery expansion project in Illinois that is part of a joint venture with Calgary oil company Cenovus Energy.