TotalEnergies pulls back from Canada with sales to ConocoPhillips, Suncor
TotalEnergies will sell its stake in a major oil sands project to ConocoPhillips, while its Canadian E&P arm will be bought by Suncor in deals worth over $4bn.
Suncor
Oil companies rejected by US Supreme Court on climate suits
The US Supreme Court turned away oil-company appeals that sought a key procedural edge in about two dozen lawsuits blaming the industry for contributing to climate change.
Appetite for investment: Equinor boss says Suncor deal shows ‘commitment to the UK’
Concerns around the windfall tax may see some companies look beyond the UK for M&A deals – but not Norway’s Equinor (OSLO: EQNR).
Equinor acquires Suncor North Sea business in $850m deal
Norwegian oil giant Equinor (OSLO: EQNR) has signed an $850m deal to acquire the UK North Sea business of Canadian firm Suncor (TSE: SU).
FIDs predicted in 2023 for large untapped UK oil and gas fields
Investment decisions could be on the way for Perth, Bentley and Bressay in the North Sea, alongside West of Shetland giants.
Buzzard is ‘appealing proposition’ for Harbour, NEO and Waldorf
With Suncor (NYSE: SU) and ONE-Dyas looking to sell off their UK portfolios, analyst firm Welligence has suggested the Buzzard hub may be an "appealing proposition" for a raft of key buyers.
Canada’s love-hate relationship with oil and gas
Canada has energy resources of a scale that its neighbour next door covets and guzzles with abandon. There is a great deal of mutual cross-border dependence but it wasn’t always that way.
EnQuest completes £240m acquisition of Golden Eagle stake
EnQuest has completed its acquisition of Suncor’s stake in the Golden Eagle field in the UK North Sea.
EnQuest outlines details of £36m equity raise for Golden Eagle deal
London-listed oil firm EnQuest today announced details of a £36 million equity raise intended to help it pay for a UK North Sea acquisition.
Incentivising the hydrogen switch
With any energy transition, there is a need to bring about wholescale change, from the up, to the mid and the downstream.
North Sea M&A: Dealing with the ‘what ifs’ key to a smooth transaction
At the start of the new tax year, we explore the financial landscape of the energy sector.
EnQuest cuts debt in 2020 but remains deep in the red
Exploration and production firm EnQuest managed to reduce its debt pile to its lowest level since 2014 and narrow its losses in 2020 despite the oil price slump.
EnQuest to buy Suncor’s North Sea Golden Eagle stakes for £240m
EnQuest has struck a deal to buy Canadian firm Suncor's 26.69% stake in the Golden Eagle area of the UK North Sea for £240 million.
Suncor mulls sale of stakes in UK and Norwegian North Sea fields
Canada’s Suncor Energy Inc. is exploring the sale of a handful of oil and gas fields in the North Sea, according to people with knowledge of the matter.
Blackstone gets final bids for North Sea oil producer
Siccar Point Energy Ltd., the North Sea oil producer backed by Blackstone Group Inc., has received final bids from suitors including Chrysaor Holdings Ltd. and Equinor ASA, people with knowledge of the matter said.
Suncor CEO to retire next year
Suncor chief executive Steve Williams will retire at the Canadian energy firm's annual general meeting in May.
Enbridge pipeline rule reversal earns BP’s ire, Suncor’s praise
Enbridge Inc.’s decision to implement and then scrap new rules governing Canada’s biggest export pipeline system sent crude prices on a record roller coaster move this week, earning the pipeline operator both friends and enemies.
Faroe completes £50m Fenja stake sale
Faroe Petroleum said today that it had completed the sale of its 17.5% working interest in the Fenja field in the Norwegian Sea.
Updated: Faroe shares lift as firm nets £39m from sale of Fenja stake
Faroe Petroleum has boosted its balance sheet after selling part of a Norwegian Sea field.
First oil springs from Fort Hills project, Total says
French energy giant Total announced today that first oil had sprung from the Fort Hills oil sands project in Canada.
Suncor profits higher thanks to oil sands performance, soaring Buzzard
Canadian energy firm Suncor said today that its third quarter profits had gone up thanks to record production from its oil sands.
Contractor dies after being buried at Suncor site
A contractor has died after being buried on site at a Suncor oilsands mine near Fort McMurray in Edmonton.
More than 120 birds killed at Canadian oil sands mine
More than 120 birds were killed at an oil sands mine operated by Suncor in Canada, the Alberta Energy Regulator (AER) said.
Who were the main winners and losers in North Sea taxation in 2015?
Chinese-owned Nexen has been unveiled the biggest tax spender in the UK North Sea during the first year of the oil and gas industry slump.
Court sides with Suncor Energy in $1.3billion tax dispute
Suncor Energy will get a $657million payout after a Canadian tax court ruled in its favor.