Whitecap Resources Inc. is well positioned to seize opportunities as the oil and gas industry enters a consolidation phase, says chief executive officer Grant Fagerheim.
July 30, 2020, 11:06 AM MDT
The COVID-19 pandemic had a major impact on global M&A activity in the upstream oil and gas sector in the second quarter, according to a new report released today by Evaluate Energy in partnership with Deloitte.
July 27, 2020, 8:32 AM MDT
July 21, 2020, 8:05 AM MDT
July 20, 2020, 7:10 AM MDT
July 17, 2020, 8:02 AM MDT
ATB Financial, which acquired the Class B shares of AltaCorp Capital earlier this year, has brought that team together with some ATB capital market specialists, creating ATB Capital Markets to provide access to capital for local companies.
July 14, 2020, 11:10 AM MDT
Fulfilling asset retirement obligations associated with acquisitions is very important for Spartan Delta Corp., says top brass, as the company produces more than 25,000 boe/d from recently-bought Alberta assets.
July 10, 2020, 9:17 AM MDT
While energy sector consolidation is important, it will be difficult for these transactions to happen in the near-term given current market volatility and uncertainties surrounding the timing and shape of a recovery, a conference heard this week.
July 9, 2020, 12 AM MDT
Even before the pandemic, there was a downward trend in energy-sector consolidations in the number and size of deals both globally and in Canada, says Binny Bagga, senior analyst of energy service research at Rystad Energy AS.
July 6, 2020, 9:39 AM MDT
July 6, 2020, 3:42 PM MDT
Spartan Delta Corp.’s current production is estimated at 26,000 boe/d, primarily from the Ferrier and Willesden Green areas, compared to 25,000 boe/d (30 per cent oil and natural gas liquids) estimated at the time of closing the Bellatrix Exploration Ltd. transaction five weeks ago.
July 6, 2020, 5:59 AM MDT
Longshore Resources Ltd. has closed the consolidation transaction, previously announced on June 8, 2020, whereby it has acquired all of the outstanding shares of Rifle Shot Oil Corp., Steelhead Petroleum Ltd. and Primavera Resources Corp.
July 3, 2020, 7:02 AM MDT
Toscana Energy Income Corporation has entered into an arrangement agreement with i3 Energy plc under which i3 Energy will directly acquire all of the issued and outstanding common shares in the capital of Toscana.
June 23, 2020, 12 AM MDT
Advantagewon Oil Corp. says it has signed and entered into a purchase agreement to acquire Opulence Resources Inc., an Alberta-based private company, for $25,000.
June 22, 2020, 10:15 AM MDT
The number of distressed Canadian exploration and production companies entering into a strategic alternatives process is likely to continue to rise as the COVID-19 pandemic’s devastating impact on market conditions continues to reverberate and survival mode takes hold.
June 18, 2020, 8:50 AM MDT
Longshore Resources Ltd. has entered into an agreement with Rifle Shot Oil Corp., Steelhead Petroleum Ltd. and Primavera Resources Corp. to acquire all of their outstanding shares as part of a consolidating transaction.
June 8, 2020, 12 AM MDT
The seismic shift in energy demand witnessed during COVID-19 is altering the mindset of oil companies, shifting the motivation for green investment decisions to hard-wired financial gain.
June 3, 2020, 8:33 AM MDT
Spartan Delta Corp. closed the acquisition of substantially all of the assets of Bellatrix Exploration Ltd.
June 1, 2020, 8:15 PM MDT
Horizon North Logistics Inc. completed its transaction with 10647802 Canada Limited, operating as Dexterra Integrated Facilities Management, a subsidiary of Fairfax Financial Holdings Limited.
May 29, 2020, 10:35 AM MDT
Imperial Oil Limited has faced many challenges over its 140-year history — pandemic flus, world wars and global recessions. Over that time, the company has met adversity, demonstrated resilience and emerged stronger because of it. The current downturn will be no different, says president and CEO Brad Corson.
May 4, 2020, 12 AM MDT
Bellatrix Exploration Ltd., which is being acquired by Return Energy Inc., is a party to joint venture agreements with O’Chiese First Nation that give the company the right to develop oil and gas deposits underlying the reserve, says the First Nation.
May 4, 2020, 7:28 AM MDT
In Q1 2020, a total of just US$21 billion in new upstream oil and gas M&A deals were agreed against a torrid backdrop of COVID-19 demand decline and an industry price war.
April 29, 2020, 6:40 AM MDT
In an article penned by Sayer Energy Advisors in April of 2018 we posed the question; “Will Increased Strategic Alternatives Processes Kick-Start Consolidation?”.
April 29, 2020, 7:20 AM MDT
Return Energy Inc. — which will soon be renamed Spartan Delta Corp. with the acquisition of Bellatrix Exploration Ltd.’s assets — has increased its previously announced financing of subscription receipts.
April 27, 2020, 8:17 AM MDT
2019 was a very positive year for the Latin American upstream industry, according to analysis provided in the latest report released by Evaluate Energy, the Daily Oil Bulletin and Sproule.
April 24, 2020, 7:35 AM MDT