Just as environmental, social and governance (ESG) performance and reporting has gained an increasingly strong foothold in the day-to-day business of operating in the western Canadian oil and gas sector, it has also gained in importance for companies looking to engage in merger and acquisition (M&A) activity.
February 18, 2020, 6:32 AM MST
Mullen Group Ltd. is not ruling out putting its energy services businesses on the market as it continues to evolve into a logistics-focused company.
February 14, 2020, 9:22 AM MST
Stable oil prices and one mega deal between Occidental Petroleum Corporation and Anadarko Petroleum Corporation resulted in 2019 seeing the highest annual M&A spend for upstream assets worldwide since the price downturn took hold in late 2014.
February 4, 2020, 6:46 AM MST
Tourmaline Oil Corp. plans to become bigger through mergers and acquisitions that would give it a bigger piece of the gas supply over the next couple of years, an investor conference in Banff heard Wednesday.
January 30, 2020, 12 AM MST
Data available in the latest upstream M&A report from Evaluate Energy shows that 2019 was another year dominated by deals for assets in the United States.
January 30, 2020, 7:37 AM MST
Merger and acquisition (M&A) activity in the upstream Canadian oil and gas sector was historically weak in 2019 but could be primed for a moderate rebound this year, say industry insiders.
January 29, 2020, 7:33 AM MST
Sayer Energy Advisors’ annual outlook and forecast of forthcoming mergers and acquisitions (“M&A”) activity in the oil and natural gas industry will outline our predictions for 2020.
January 29, 2020, 6 AM MST
Stable oil prices and one mega deal between Occidental Petroleum Corporation and Anadarko Petroleum Corporation resulted in 2019 seeing the highest annual M&A spend for upstream assets worldwide since the price downturn took hold in late 2014.
January 28, 2020, 7:33 AM MST
Frac Shack Inc. has acquired all the operating assets of the Sandtinel Group of Companies for an undisclosed amount.
January 24, 2020, 7:46 AM MST
International Petroleum Corp. is acquiring Granite Oil Corp. for total equity and debt consideration of US$59 million (C$77.2 million).
January 20, 2020, 12 AM MST
January 17, 2020, 8:13 AM MST
Cona Resources Ltd. completed its acquisition of Pengrowth Energy Corporation for approximately C$740 million.
January 7, 2020, 6:58 AM MST
January 3, 2020, 8:27 AM MST
Pengrowth Energy Corporation has received a final order of the Court of Queen’s Bench of Alberta approving Cona Resources Ltd.’s acquisition of all of the outstanding common shares of Pengrowth.
December 20, 2019, 12 AM MST
White Water Management Inc. has acquired Catalyst Production Systems Ltd., a completion water treatment and production chemical company.
November 19, 2019, 10:47 AM MST
Pengrowth Energy Corporation’s top executive says the company had little choice in making the controversial decision to sell to Cona Resources Ltd. for five cents a share in a deal valued at $740 million
November 7, 2019, 6:54 PM MST
Evaluate Energy’s latest global M&A review shows how easing oil prices prompted a sluggish response among upstream M&A dealmakers in Q3 2019. The quarter saw just US$31 billion in new deals agreed – a 66 per cent drop on Q2 2019 and a 36 per cent decline compared to Q3 2018. The total also stands 21 per cent lower than the average quarterly spend of US$40 million over the past five years.
October 31, 2019, 5:22 AM MDT
The amount of Canadian oil and natural gas assets available for sale currently is more than double the value versus the same time last year.
October 30, 2019, 6 AM MDT
Mullen Group Ltd.’s chief executive officer believes 2020 will be the year of consolidation and attrition in the oil and gas sector.
October 25, 2019, 8:01 AM MDT
Tomahawk Energy Services LP has acquired Enmapp Pipeline Data, whose suite of mobile technologies, advanced geospatial consulting, field-proven data collection and quality assurance support services for both new pipeline construction projects and pipeline integrity management programs fit with Tomahawk’s overall agenda.
October 24, 2019, 11:19 AM MDT
October 15, 2019, 7:43 AM MDT
There has been a recent wave of announcements made by publicly-traded oil and natural gas companies related to share buy-backs. This is unusual, in that until recently, buying back stock has not been a significant use of capital in the Canadian energy industry.
September 25, 2019, 9:53 AM MDT
Analysts with GMP FirstEnergy speculated about the future of Tervita Corporation on Thursday following a report by MergerMarket that the company is considering an outright sale.
September 20, 2019, 9:49 AM MDT
September 11, 2019, 3:11 PM MDT
Razor Energy Corp. has completed the acquisition of Little Rock Resources Ltd.
September 11, 2019, 2:58 PM MDT