Evaluate Energy’s latest M&A report analyzing global upstream activity shows that just $9.8 billion of new oil and gas M&A deals were agreed to during the first quarter of 2019.
April 30, 2019, 6 AM MDT
April 29, 2019, 4:17 AM MDT
Chevron Corporation’s top executive remains convinced that his company’s US$33 billion offer for Anadarko Petroleum Corporation will ultimately prove successful over rival Occidental Petroleum Corporation’s $57 billion bid, a battle that could result in the first hostile battle for a major oil company in years.
April 26, 2019, 10:46 AM MDT
April 24, 2019, 7:14 AM MDT
An examination of Chevron’s purchase of Anadarko Petroleum Corporation indicates the deal will result in a 48 per cent combined production increase across two of its core U.S. positions.
April 16, 2019, 8:06 AM MDT
Chevron Corporation unveiled a US$33 billion takeover of Anadarko Petroleum Corp. on Friday, bolstering its position in shale oil and liquid natural gas production with the biggest industry merger since Royal Dutch Shell plc bought BG Group in 2016.
April 12, 2019, 6:27 AM MDT
Energy industry analysts are supportive of Chevron Corporation’s announcement Friday morning that it is buying shale resource major Anadarko Petroleum Corp. for US$50 billion, saying it gives Chevron a dominant position in the Permian and in the deepwater Gulf of Mexico.
April 12, 2019, 10:17 AM MDT
April 12, 2019, 6 AM MDT
The total enterprise value of merger and acquisition (“M&A”) transactions in the Canadian oil and natural gas industry in 2018 dropped 73 per cent year-over-year, plummeting to $11.9 billion.
March 27, 2019, 6 AM MDT
Divestco Inc. announced that, in connection with its creditor protection proceedings under the Companies' Creditors Arrangement Act (CCAA), it has received approval from the Court of Queen's Bench of Alberta to commence its supervised sales solicitation process (SSP), to be carried out by Divestco and its financial advisor Grant Thornton Corporate Finance Inc. (GTCFI),
March 27, 2019, 11:07 AM MDT
PVT Group has completed the acquisition of Rockwater Energy Solutions Canada Inc.
March 25, 2019, 8:47 AM MDT
Divestco Inc. has appointed Steve Sinclair-Smith, the company's current chief operating officer, as a new director of the company.
March 20, 2019, 8:26 AM MDT
Pengrowth Energy Corporation’s top executive says the company is undertaking a strategic review to “evaluate various pathways to maximize Pengrowth's enterprise value and align it to the value of our two long-life low-decline assets.”
March 6, 2019, 10:40 AM MST
Connacher Oil and Gas Limited announced the termination of the plan sponsorship agreement with East River Oil and Gas Ltd.
February 19, 2019, 12 AM MST
Aureus Energy Services Inc. has acquired all of the outstanding shares of Amperage Energy Inc.
February 14, 2019, 6 AM MST
Encana Corporation has completed its acquisition of Newfield Exploration Co. in an all-stock transaction.
February 14, 2019, 8:04 AM MST
Encana Corporation and Newfield Exploration Co. announced that the proposals necessary for the companies’ planned strategic combination were approved at a special shareholder meetings held today.
February 12, 2019, 8:24 AM MST
On Feb. 1, 2019, Connacher Oil and Gas Limited and East River Oil and Gas Ltd. said that there’s been an extension of the time to complete the restructuring transaction to March 29, 2019.
February 4, 2019, 3:56 AM MST
Ensign Energy Services Inc. and Trinidad Drilling Ltd. announced that at a meeting, holders of common shares of Trinidad approved the amalgamation of Trinidad and Ensign Holdings Inc., a wholly-owned subsidiary of Ensign.
February 1, 2019, 12 AM MST
In another year where North American deals dominated upstream M&A activity, Evaluate Energy’s latest Global M&A review shows that Canada saw US$11.2 billion in new deals announced in 2018. The full M&A review can be downloaded at this link.
January 28, 2019, 6 AM MST
Despite some positive signs of stability in oil and gas markets during 2018, the overall M&A spend in the upstream sector globally fell to its lowest level in at least a decade. The value of announced upstream deals reached just $132 billion; a 12% decline on the $151 billion recorded the year prior even though oil prices enjoyed their best year since the 2014 price downturn.
January 24, 2019, 12 AM MST
For our annual forecast of upcoming M&A activity, Sayer Energy Advisors will look back on our predictions from January 2018 to see how they stood up throughout the year, while also outlining our predictions for the upcoming year.
January 23, 2019, 7:41 AM MST
January 23, 2019, 11:40 AM MST
Shawcor Ltd. will acquire all of the issued and outstanding common shares of ZCL Composites Inc. by way of a court-approved plan of arrangement, for a purchase price of $10 per share, payable entirely in cash.
January 21, 2019, 3:35 AM MST
January 18, 2019, 11:13 AM MST