Mullen Group Ltd. has acquired the Bandstra Group of Companies, including Bandstra Transportation Systems Ltd. and Babine Truck & Equipment Ltd.
April 16, 2021, 6 PM MDT
Tamarack Valley Energy Ltd. is acquiring Anegada Oil Corp., a privately held pure play Charlie Lake light-oil producer, for total net consideration of $494 million, after deducting the proceeds from the sale of a two per cent newly created gross overriding royalty (GORR) on the acquired assets.
April 12, 2021, 5:41 AM MDT
Tamarack Valley Energy Ltd. will look for further opportunities to consolidate Charlie Lake assets, following the acquisition of Anegada Oil Corp. that was announced this morning.
April 12, 2021, 10:28 AM MDT
Kelowna-based Vorsana Environmental Inc., a clean technology company focused on improving the environmental performance of the fossil fuel and industrial sectors, has purchased Calgary-based NanosTech, which has developed a field-based bitumen upgrading technology that can reduce CO2 emissions by 35 per cent and more, while leading to significant cost reductions for producers.
April 12, 2021, 6 AM MDT
Hillcrest Petroleum Ltd. has rebranded itself as Hillcrest Energy Technologies, Ltd., choosing an identity more representative of the company’s dedication to transitioning from fossil fuel production to cleantech innovation and IP development.
April 9, 2021, 6:10 AM MDT
A material increase in counterparty credit exposure is one benefit for midstream companies from consolidation in the upstream oil and gas space, says James Harbilas, executive vice-president and chief financial officer, AltaGas Ltd.
April 8, 2021, 6:23 AM MDT
Despite a recent strong uptick in merger and acquisition (M&A) activity, neither Peyto Exploration & Development Corp. nor Birchcliff Energy Ltd. are currently looking to enter the fray in a big way, the 2021 Scotiabank-Canadian Association of Petroleum Producers (CAPP) Energy Symposium heard Wednesday.
April 8, 2021, 10:21 AM MDT
Conventional oil operators are laser focused on returns on capital employed and increasing free cash flow as the COVID-19 pandemic recedes and commodity prices stabilize, three sector leaders told the Scotiabank-Canadian Association of Petroleum Producers (CAPP) Energy Symposium this week.
April 8, 2021, 9:19 AM MDT
Osum Oil Sands Corp. has entered into an amalgamation agreement with WEF Osum Acquisition Corp. (WOAC).
April 6, 2021, 1:58 PM MDT
ARC Resources Ltd. has closed its strategic Montney combination with Seven Generations Energy Ltd.
April 6, 2021, 7:15 AM MDT
Whitecap Resources Inc. announced an agreement this morning to indirectly acquire Kicking Horse Oil & Gas Ltd., a privately held indirect subsidiary of Quantum Energy Partners, for aggregate consideration of $300 million.
April 5, 2021, 5:28 AM MDT
Whitecap Resources Inc.’s acquisition of Kicking Horse Oil & Gas Ltd. announced this morning more resembles a land deal than a corporate acquisition, executives said this morning.
April 5, 2021, 10:57 AM MDT
April 5, 2021, 8:29 AM MDT
Shareholders of ARC Resources Ltd. and Seven Generations Energy Ltd. approved the merger of the two companies.
April 1, 2021, 12 AM MDT
The total enterprise value of merger and acquisition (“M&A”) transactions in the Canadian oil and natural gas industry more than doubled to approximately $20.0 billion in 2020 from $8.0 billion in 2019, a 149 per cent increase.
March 31, 2021, 7:08 AM MDT
Obsidian Energy Ltd. has allowed its offer to purchase all of the issued and outstanding common shares of Bonterra Energy Corp. to expire.
March 30, 2021, 12 AM MDT
ARETI Energy S.A. recently filed an early warning disclosure in connection with the closing of an exempt takeover bid made by Spartan Delta Corp. to acquire all of the issued and outstanding common shares in the capital of Inception Exploration Ltd. in exchange for an aggregate of 23.73 million common shares in the capital of Spartan.
March 25, 2021, 3:57 AM MDT
March 22, 2021, 9:07 AM MDT
Spartan Delta Corp. closed its recent strategic acquisitions, including the corporate acquisition of Inception Exploration Ltd. and the purchase of assets located primarily in the Simonette area of northwest Alberta and Willesden Green area of west-central Alberta.
March 19, 2021, 6:28 AM MDT
Consolidation was a recurring theme during recent oilfield services Q4 2020 results conference calls.
March 18, 2021, 12 AM MDT
Topaz Energy Corp. is “still seeing a tremendous amount of opportunity, and we’re looking for a tremendous amount of opportunity,” on the deal front, its top executive said this morning.
March 18, 2021, 9:51 AM MDT
Solar power deal making in North American and European markets saw a major uptick in 2020 and early 2021 thanks to growing demand for stakes in future generation capacity.
March 16, 2021, 9:21 AM MDT
The oilfield services sector faces a labour shortage challenge if activity materially picks up to historical levels in Western Canada, says Daniel Halyk, president and chief executive officer, Total Energy Services Inc.
March 15, 2021, 12 AM MDT
Waterous Energy Fund (WEF) has successfully completed the offer by its subsidiary, WEF Osum Acquisition Corp., to acquire up to 57 million common shares of Osum Oil Sands Corp.
March 15, 2021, 11:12 AM MDT
March 12, 2021, 8:03 AM MST