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
Return Energy Inc. will acquire substantially all of Bellatrix Exploration Ltd.’s assets for cash consideration of $87.4 million plus the assumption of certain liabilities estimated to be approximately $14.8 million, for a total purchase price of $102.2 million.
April 23, 2020, 6:08 AM MDT
Chinook Energy Inc. received shareholder and court approval for an earlier announced deal where Tourmaline Oil Corp. will acquire all the issued and outstanding common shares of Chinook.
April 20, 2020, 3:57 PM MDT
In response to the current global environment and lower anticipated customer demand, Horizon North Logistics Inc. is taking a series of steps to mitigate negative impacts, including reducing its sustaining capital spending by 38 per cent to $13 million, which includes a pause on mat manufacturing.
March 27, 2020, 7 AM MDT
The total enterprise value of merger and acquisition (“M&A”) transactions in the Canadian oil and natural gas industry dropped 34 per cent, falling to approximately $8.0 billion in 2019 from the $12.1 billion recorded in the previous year.
March 25, 2020, 8:31 AM MDT
Saturn Oil & Gas Inc. has secured a fixed price hedge on production of 400 bbls/d oil at C$65.40/bbl through February 2021.
March 25, 2020, 7:03 AM MDT
March 19, 2020, 2 PM MDT
The outlook for merger and acquisition (M&A) activity in the Canadian oil and gas space is murky in light of current market conditions dominated by the double-whammy of a Saudi Arabia-Russia induced price war and the demand destruction caused by the global coronavirus pandemic.
March 18, 2020, 6 AM MDT
Horizon North Logistics Inc. has announced plans to join with Dexterra Integrated Facilities Management to create a “pan-Canadian” support services company.
March 16, 2020, 10:48 AM MDT
International Petroleum Corporation closed its acquisition of Granite Oil Corp.
March 6, 2020, 8:27 AM MST
Headwater Exploration Inc. (formerly Corridor Resources Inc.) has completed its previously announced financing transactions for aggregate gross proceeds of $50 million, the appointment of a new management team and the reconstitution of the board of directors.
March 4, 2020, 6:24 PM MST
Tourmaline Oil Corp. has announced three transactions that significantly increases its acreage position in the northeast B.C. Montney fairway while investing only 10 per cent of the proceeds that the company received by selling assets to Topaz Oil Corp. in November 2019.
February 24, 2020, 9:11 AM MST
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