French giant Total makes oil sands grab
UTS Energy, junior partner in Petro-Canada’s Fort Hills project, target of $617 million bid; Fort Hills UTS’ main asset
For Petroleum News
Total has launched a surprise hostile bid to take out a junior partner in Petro-Canada’s Fort Hills oil sands project just a month after speculation had the French super major planning a cash takeover offer for Nexen.
The company said its Canadian subsidiary is ready to pay C$617 million for UTS Ene....
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UTS conceded challenge
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