A new rule taking effect in 2020 aimed at reducing pollution by cutting the sulfur content of maritime fuel will make sulfur-heavy oil sands crude less desirable.
Athabasca Oil Corp Mining News
The oil giant is “actively engaged” in talks to swap North American assets, mostly Canadian, with international oil companies.
But CEO Sveinung Svarte won’t publicly say when that date will arrive.
William Gallacher, who founded Athabasca in 2006, is being replaced by Thomas Buchanan.
Athabasca Oil's share price drops 14%.