ConocoPhillips Sells Canadian Assets to Cenovus Energy Inc. for $13.3 Billion


On March 29, Houston, Texas-based ConocoPhillips announced the sale of some of its Canadian assets to Cenovus Energy, an oil-production firm based in Calgary. The $13.3 billion sale price (C$17.7 billion) includes a 50 percent nonoperating stake in the Foster Creek Christina Lake oil sands partnership and gas assets in…

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3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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