Suncor to sell stakes in Newfoundland oilfields to Ithaca Energy for $1.2B
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Calgary-based Suncor Energy is selling its stakes in three Newfoundland and Labrador oilfields—Terra Nova, White Rose, and West White Rose—to Ithaca Energy. The deal is valued at $1.2 billion, with an additional $350 million contingent on future oil prices, and is expected to close in early 2027.
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Originally published by gnews