Exxon Mobil Corporation has completed a review of its forward business plans and will prioritize near-term capital spending on “advantaged assets” with the highest potential future value, including developments in Guyana and the U.S. Permian Basin, targeted exploration in Brazil and Chemicals projects to grow high-value performance products.
November 30, 2020, 2:58 PM MST
In the third quarter, Razor Energy Corp. continued the process of selectively restarting its heavy oil and light oil wells that were shut in during the second quarter of 2020 due to lower prices.
November 27, 2020, 7:48 AM MST
The amount of Canadian oil and natural gas assets publicly available for sale is down roughly 75 per cent from this time last year.
November 25, 2020, 6:44 AM MST
Tudor, Pickering, Holt & Co. (“TPH”) has been retained by TAQA North Ltd. to advise on the divestment of selected assets in Alberta and British Columbia.
November 25, 2020, 6:57 AM MST
November 20, 2020, 7:08 AM MST
Osum Oil Sands Corp. says a bid from Waterous Energy Fund (WEF) is “inadequate” and not in the best interest of the company or its shareholders.
November 19, 2020, 2:27 PM MST
November 16, 2020, 8:45 AM MST
Razor Energy Corp. (“Razor” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of certain non-core oil and natural gas interests located in the Chin Coulee, Enchant/Retlaw, Badger, Majorville and Jumpbush areas of southern Alberta (the “Properties”).
November 16, 2020, 8:35 AM MST
Highwood Oil Company Ltd. has entered into an agreement with an arm's-length Alberta based, private oil and gas exploration and production company to divest its Red Earth field for a total transaction value of $2 million cash, prior to customary closing adjustments.
November 16, 2020, 6 AM MST
Peyto Exploration & Development Corp. says the recent spate of merger and acquisition (M&A) activity in Western Canada and elsewhere in North America doesn’t come as a surprise given the prolonged weak industry conditions.
November 12, 2020, 1:59 PM MST
While there have been periods in recent years where experts predicted a wave of merger and acquisition activity would take hold because of volatile industry conditions, it’s rarely played out that way in reality.
November 10, 2020, 8:53 AM MST
Headwater Exploration Inc. is acquiring 100 per cent of Cenovus Energy Inc.’s assets in the Marten Hills area of Alberta for $100 million.
November 9, 2020, 5:28 AM MST
Enercapita Energy Ltd. (“Enercapita” or the “Company”) has engaged Sayer Energy Advisors to assist with the sale of certain oil and natural gas assets located in the Vegreville area, specifically in the Bruce, Viking and Willingdon areas of central Alberta (the “Properties”).
November 9, 2020, 8:48 AM MST
Given the spate of mergers and acquisitions (M&A) in Canada and the U.S., an ARC Resources Ltd. executive says the company is examining the deal market, but so far it has not found the right opportunity.
November 6, 2020, 9:27 AM MST
Pembina Pipeline Corporation generally benefits from upstream consolidations such as Tourmaline Oil Corp.’s recent-announced acquisition of Jupiter Resources Ltd. and Modern Resources Inc., says Pembina’s top brass.
November 6, 2020, 10:38 AM MST
Canadian upstream activity sprung to life in Q3 with a series of deals agreed involving ConocoPhillips, Canadian Natural Resources Limited and Whitecap Resources Inc., based on Evaluate Energy’s latest M&A report, available here.
November 5, 2020, 6 AM MST
Given the recent surge in North American merger and acquisition (M&A) activity including the blockbuster merger between Cenovus Energy Inc. and Husky Energy Inc., Canadian Natural Resource Limited’s top official believes it’s a trend that’s set to continue.
November 5, 2020, 11:47 AM MST
Rake Resources Ltd. (“Rake” or the “Company”) has engaged Sayer Energy Advisors to assist it with a sale of the shares of the Company.
November 4, 2020, 9:06 AM MST
November 4, 2020, 8:06 AM MST
November 4, 2020, 7:54 AM MST
Waterous Energy Fund (WEF) intends to launch a formal takeover bid through a subsidiary of WEF to the shareholders of Osum Oil Sands Corp. to acquire up to a maximum of 52.5 million of Osum's outstanding common shares, representing 40 per cent of the outstanding common shares of Osum.
November 3, 2020, 12 AM MST
Weak demand related to COVID-19 is hurting company finances and resulted in a series of U.S. upstream deals much more akin to friendly mergers than aggressive takeovers.
November 3, 2020, 7:59 AM MST
Journey Energy Inc. announced asset sales this afternoon, which includes unloading its newly commissioned 4.2-megawatt power project in the Countess area.
November 2, 2020, 2:12 PM MST
InPlay Oil Corp. recently closed a strategic Cardium asset acquisition in its Pembina area of operations for $1.9 million (net of adjustments).
November 2, 2020, 6:25 AM MST
Suncor Energy Inc.’s CEO Mark Little says that although merger and acquisition (M&A) activity is “starting to take off” the company will continue to “remain steadfast” in following its three criteria that must exist before any deals will be considered.
October 29, 2020, 10:44 AM MDT