Total sells interest in Joslyn oilsands project to CNRL
Published by Nicholas Woodroof,
Editor
World Pipelines,
Following the oil price fall in 2014, the project partners decided to put further development on hold; activities have since been limited to fulfilling regulatory requirements and ensuring the site’s safety.
Patrick Pouyanné, Chairman and CEO of Total, said: “Reducing our exposure to Canada’s oilsands by selling this asset is in line with our global strategy to focus our oil investments on low breakeven resources and develop a resilient portfolio in the mid and long term. It is also consistent with the gradual reduction of our stake in the Fort Hills oil sands project in 2017.”
The closing of the transaction is subject to authorisation by the Canadian Competition Bureau.
Read the article online at: https://www.worldpipelines.com/project-news/31082018/total-sells-interest-in-joslyn-oilsands-project-to-cnrl/
You might also like
World Pipelines Podcast: Going global with IPLOCA
In this episode, Elizabeth Corner speaks to Georges Hage, Executive Secretary at IPLOCA, about IPLOCA's insights on the culture and characteristics of the pipeline contractor community, and how it works to support sustainable energy infrastructure.
Construction begins on Greensand’s carbon dioxide transit terminal at Port Esbjerg
When the tanks are full, the liquefied carbon dioxide will be loaded onto a dedicated carrier from Royal Wagenborg and shipped to the INEOS Nini platform in the Danish North Sea. From there, it will be safely injected via pipeline into subsurface reservoirs approximately 1800 m beneath the seabed for permanent storage.
