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Vol. 14, No. 5 Week of February 01, 2009
Providing coverage of Alaska and northern Canada's oil and gas industry


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

Gary Park

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....

    [additional news subjects in this story]

UTS conceded challenge

Analyst surprised


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