Latest / Mining Weekly Audio Articles
Suncor to sell offshore Canada oil stakes to Ithaca for $842m
This audio is brought to you by Endress and Hauser, a global leader in process and laboratory measurement technology, offering a broad portfolio of instruments, solutions and services for industrial process measurement and automation.
Canada's Suncor Energy said on Sunday it had agreed to sell its interests in three offshore oil assets to London-based Ithaca Energy ITH.L for C$1.2-billion ($841.69-million) in upfront cash.
The deal covers Suncor's 48% interest in Terra Nova, 40% stake in White Rose and 38.6% interest in West White Rose, and includes an additional contingent payment of up to…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.