31 May 2023

ConocoPhillips acquires TotalEnergies' stake in Surmont oil sands asset

Oil & gas

ConocoPhillips has exercised its preemption right to purchase the 50% interest in the Surmont asset held by TotalEnergies.TotalEnergies will receive a cash payment upon closing of C$4.03 billion ($3 billion) and additional payments that could reach a maximum of C$440 million ($325 million) under...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading


Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like

05 June 2024

Takeaways from the tea-party: TXF Amsterdam 2024

The 10th edition of the TXF Amsterdam Global Commodity Finance event has now passed, but what were the biggest talking points? Read on for the latest updates on growth in...

13 June 2024

The TXF Export Finance Survey pt 2: Geopolitical turmoil

All geopolitical crises are not alike. The issues affecting the market in 2023 may have profound macroeconomic effects, but they have limited direct impacts on export finance.