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Brent Crude Oil $ 60.86 / bbl -0.49%
Palladium $ 1580 / ozt 2.17%
Crude Oil $ 57.15 / bbl -0.61%
Natural Gas $ 4.101 / Btu -1.68%
Silver Futures $ 63.865 / ozt 2.97%
Aluminum Futures $ 2874 / ton 0.13%
Micro Gold Futures $ 4379.1 / ozt 1.13%
Micro Silver Futures $ 63.87 / ozt 2.93%
Platinum $ 1795.3 / ozt 1.76%
Gold Futures $ 4379 / ozt 1.13%
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Statoil getting out of oil sands, takes $500 million loss

Andrew Topf | December 14, 2016 | 8:50 pm Energy Canada 

Statoil ASA, (NYSE:STO) the Norwegian-owned oil and gas major, does not believe it has a future in the Canadian oil sands. Citing concerns over profitability, the company said Wednesday it will sell its Kai Kos Dehseh (KKD) assets in the Alberta...

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