Wednesday, December 14, 2016

Statoil Exits Production in Canadian Oil Sands

Norway’s state-owned oil giant Statoil ASA said Wednesday it is exiting its business in the Canadian oil sands, selling off its assets to Athabasca Oil Corp. and taking a loss of at least $500 million.

from WSJ.com: US Business http://ift.tt/2hn6NnF
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