UPSTREAMONLINE.COM
US supermajor Chevron is exploring the sale of its 20% stake in Canada's Athabasca Oil Sands project, which could fetch about $2.5 billion, according to people familiar with the matter. The company has discussed with investment banks the prospect of selling the stake in the western Canadian oil sands project, a source said. The possible sale comes after Shell last month agreed to sell most of its Canadian oil sands assets to Canadian Natural Resources for $8.5 billion.
Read more>
US supermajor Chevron is exploring the sale of its 20% stake in Canada's Athabasca Oil Sands project, which could fetch about $2.5 billion, according to people familiar with the matter. The company has discussed with investment banks the prospect of selling the stake in the western Canadian oil sands project, a source said. The possible sale comes after Shell last month agreed to sell most of its Canadian oil sands assets to Canadian Natural Resources for $8.5 billion.
Read more>