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Ithaca to buy offshore Canada oil assets from Suncor for up to $1.1bn

By Michele Maatouk

Date: Monday 05 Oct 2026

(Sharecast News) - Ithaca Energy said on Monday that it has agreed with Suncor to buy a portfolio of conventional offshore oil assets located in shallow waters off the East Coast of Newfoundland and Labrador, Canada, for up to $1.1bn.
The assets comprise a 48% operated working interest in Terra Nova,...

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