April 7, 2016, 8:24 AM MDT
Analysis in Evaluate Energy’s new M&A reportshows that Q1 2016 saw the lowest number of newly announced M&A deals in the global upstream oil and gas sector — 157, excluding licensing rounds — take place than at any time during the price downturn.
April 6, 2016, 8:47 AM MDT
As prices for oil and natural gas continue to be weak, producers have chopped their capital budgets from original expectations, while cost cuts were also cited by some producers who lowered spending plans.
March 31, 2016, 9:44 AM MDT
The total enterprise value of merger and acquisition (“M&A”) transactions in the Canadian oil and natural gas industry plummeted 68% in 2015, falling to $15.9 billion from the $49.4 billion recorded in 2014. In contrast, M&A activity in 2014 had surged 254% to $49.4 billion from the $14.1 billion of M&A activity recorded in 2013. The surge in M&A activity in 2014 was primarily driven by total financings of $24.0 billion, which was the second highest value in the last decade.
March 30, 2016, 7:52 AM MDT
March 28, 2016, 9:14 AM MDT
Despite a climate of declining activity, some companies see opportunities for growth, according to the Service & Supply Outlook Report recently released by JWN and partner Grant Thornton LLP.
March 24, 2016, 8:34 AM MDT
New analysis from CanOils has shown that while the total value of Canadian oil and gas company financing arrangements being completed has fallen since the commodity price downturn began in late 2014, companies have still been able to raise finance.
March 23, 2016, 10 AM MDT
If there is a silver lining in the cloud of so much unemployed energy sector talent and experience with time on its hands, it is this: put these men and women to work building better bridges.
March 22, 2016, 8:12 AM MDT
In light of the commodity price downturn that began in 2014, almost every oil and gas company in Canada cut spending in 2015, with focus quickly switching from large scale development of properties to eliminating non-critical expenditures and merely sustaining production as much as possible to survive in the low price environment. But just how big were these cuts?
March 17, 2016, 8:29 AM MDT
Rachel Notley, Justin Trudeau and their respective caucuses should know something about Canada’s newest energy company.
March 17, 2016, 10:51 AM MDT
March 15, 2016, 8:46 AM MDT
The following is a copy of Jim Gray’s speech to the Explorers and Producers Association of Canada (EPAC) awards held on March 10.
March 11, 2016, 9:35 AM MST
Aboriginal issues are one of the most common sources of regulatory delay and uncertainty for new natural resource development projects in Canada, and are often the reason that regulatory approvals are quashed. It is therefore critical that proponents of natural resource development projects understand the legal requirements and risks associated with Aboriginal and treaty rights and related consultation, and develop strategies to manage these risks.
March 1, 2016, 8:09 AM MST
Picture this: a stone tossed into a pond.
February 22, 2016, 7:55 AM MST
Climate change presents environmental, political, social and economic challenges worldwide. As the pressure mounts for global leaders to take action to meet the commitments they made at the UN Climate Change Conference in Paris in December 2015, Canada’s provincial governments are adopting policies to reduce greenhouse gas (GHG) emissions in the absence of a national climate change strategy.
February 16, 2016, 6 AM MST
Analysis in CanOils’ newest report “Upstream M&A in Canada Falls Away at Beginning of 2016” shows that the Canadian oil and gas upstream sector only saw C$1.7 billion worth of M&A transactions in December 2015 and January 2016 combined. While this value is low, the two months did see their fair share of intriguing and significant deals, all of which are covered in detail in the report. The report is available for download now.
February 10, 2016, 9:03 AM MST
As our industry contorts and convulses, the dimensions of its various upheavals manifest in different narratives. Many such narratives overwhelm and subsume others — and often rightly so.
December 14, 2015, 7:49 AM MST
December 14, 2015, 10:41 AM MST
November 24, 2015, 8:34 AM MST
It was a jungle out there for the Canadian oilfield services (OFS) industry in the third quarter of the current fiscal year ended September 30, 2015. For a group of 25 diversified, publicly traded Canadian OFS companies, combined revenue declined 38.5 per cent from $6.6 billion in 2014 to only $4.0 billion this year.
November 19, 2015, 10:32 AM MST
Canadian oil and gas companies have recorded major losses as a group for the three-month period ending Sept. 30, 2015, according to new analysis of quarterly data by CanOils. Low commodity prices have continued to have a huge impact on income statements for oil and gas companies since the end of 2014, with margins being squeezed and huge impairments being recorded across the board. This analysis from CanOils shows that Canadian companies are feeling the same effects as their counterparts across the border in the U.S., whose earnings were analyzed recently using Evaluate Energy data.
November 16, 2015, 8:08 AM MST
CanOils is delighted to announce the latest upgrade to its wells and land database, CanOils Assets, which enhances the analysis which can be performed on land data alongside the existing well data.
November 11, 2015, 9:35 AM MST
November 11, 2015, 8:57 AM MST
November 10, 2015, 9:28 AM MST
Since commodity prices began to drastically fall in Q4 2014, U.S. oil and gas companies in the upstream sector have seen their respective net incomes drop significantly. Operating margins have been tightly squeezed and assets have suffered major impairments. The low price environment has endured throughout 2015 and, as a result, Q3 2015 earnings for U.S. companies are the lowest since prices began to fall in Q4 2014.
November 6, 2015, 9:59 AM MST