Conoco To Box Suncor Out Of Oil Sands Deal ...Middle East

ConocoPhillips will snap up TotalEnergies' 50% stake in the Surmont oil sands field for more than $3 billion in a move that will prevent Suncor Energy from buying into the project. "We look forward to leveraging our position as 100 per cent owner and operator of Surmont to further optimize the asset while progressing toward our overall interim and long-term emissions intensity objectives," ConocoPhillips CEO Ryan Lance said in a Friday statement. ConocoPhillips said on Friday that it will purchase the assets for $3 billion and up to $325 million…

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