TotalEnergies buying extra stake in Fort Hills from Teck

Date:

January 27, 2023

The Fort Hills oilsands mine is located in the Athabasca region of Alberta. Credit: Teck Resources

France’s TotalEnergiessaid on Friday it would buy an extra 6.65% stake in the Fort Hills Energy Limited Partnership and associated sales and logistics agreements from Teck Resources for C$ 312 million.

The deal will result in TotalEnergies owning a 31.23% stake in Fort Hills Energy Limited Partnership.

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TotalEnergies buying extra stake in Fort Hills from Teck

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