canada

Canada: Total sells its interest in the Joslyn oil sands project to CNRL

  Paris – Total, together with its partners, has agreed to sell the Joslyn oil sands project in Alberta, Canada, to Canadian Natural Resources Limited (CNRL) for an overall consideration of 225 million Canadian dollars. Following the oil price fall in 2014, the Joslyn project partners decided to put its further development on hold. Therefore, activities have since been limited to fulfilling regulatory requirements and ensuring the safety of the

Obsidian Energy Announces Legacy Asset Disposition

OBSIDIAN ENERGY LTD. (TSX/NYSE – OBE) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to announce that we closed an agreement to dispose of a significant portion of our non-core legacy assets, in exchange for the assumption of abandonment and reclamation liabilities. David French, President & CEO commented, “This transaction is another important step forward for Obsidian Energy. It demonstrates the continued refocusing of the business only on assets