Suncor to sell Canadian offshore assets to Ithaca for $1.08 billion

Suncor Energy (Canada)

05/10/2026 02:13

Oct 4 (Reuters) - Canada's Suncor Energy SU.TO agreed to sell its interests in the Terra Nova, White Rose and West White Rose offshore oil assets to London-based Ithaca Energy ITH.L for C$1.2 billion ($841.69 million) in upfront cash, with an additional contingent payment of up to C$350 million, the companies said on Sunday.
($1 = 1.4257 Canadian dollars)

 (Reporting by Disha Mishra in Bengaluru; Editing by Subhranshu Sahu)
 ((Disha.Mishra@thomsonreuters.com))