The amount of Canadian oil and natural gas assets publicly available for sale is down roughly 75 per cent from this time last year.
November 25, 2020, 6:44 AM MST
Energy service companies appear to be pulling out of upstream oil and gas, says Binny Bagga, senior analyst of energy service research at Rystad Energy AS — at least somewhat. While in 2014 upstream oil and gas activity constituted 78 per cent of OFS revenues worldwide, this fell to 73 per cent last year. Rystad expects further drops in the future.
November 25, 2020, 6 AM MST
During the Petroleum Services Association of Canada’s (PSAC) ’s 2021 Canadian OFS activity forecast event, John Gibson, oil and gas services analyst for BMO Nesbitt Burns, said consolidation in the Canadian market has largely already occurred, and better-positioned OFS firms would prefer to let attrition run its course rather than consolidating competitors in an oversupplied market.
November 23, 2020, 11:01 AM MST
Cenovus Energy Inc. and Husky Energy Inc. have named the executive leadership team that is expected to lead the combined company.
November 20, 2020, 7:06 AM MST
Osum Oil Sands Corp. says a bid from Waterous Energy Fund (WEF) is “inadequate” and not in the best interest of the company or its shareholders.
November 19, 2020, 2:27 PM MST