French company TotalEnergies says it has finalized the sale of its 50 per cent stake in the Surmont oilsands project to U.S. oil company ConocoPhillips in a deal worth up to $4.4 billion.
But ConocoPhillips, the operator and 50 per cent owner of the Surmont project near Fort McMurray, Alta., threw a wrench into those plans by exercising its right of first refusal on the remaining stake.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: