ConocoPhillips exercised its right to acquire TotalEnergies SE’s 50 per cent stake in the Surmont oilsands field for as much as US$3.33 billion ($4 billion), giving it full control of the Alberta ...

French company TotalEnergies says it has finalized its sale of its stake in the Surmont oilsands project to U.S. oil company ConocoPhillips in a deal worth up to $4.4 billion.

ConocoPhillips COP exercised its rights to acquire the remaining interest in the Surmont oil facility for $3 billion, thereby gaining complete ownership of the Alberta operation.

Canadian producer Suncor announced a $4.1 billion deal on April 26 to acquire TotalEnergies EP Canada Ltd, including its Surmont assets, as the Paris-based firm chases its own net-zero targets ...

ConocoPhillips sold new investment-grade bonds Tuesday that will help fund its acquisition of the remaining interest in the Surmont oil-sands field.

EDMONTON — Alberta’s United Conservative government is trying to increase production from the province’s declining conventional oil and gas fields at the expense of local tax bases ...

A wildfire in the Canadian province of Alberta prompted the temporary shutdown of some oil and gas production and forced residents of a small town to evacuate.

A large part of Alberta’s shale gas producing regions remained under “extreme” or “very high” wildfire warnings. Another 2.7 million barrels a day of oil sands production was also at risk.