Canada

Acquisitions & Divestitures , Trends

Energy A&D Transactions from the Week of Sept. 16, 2020

Here’s a snapshot of recent energy deals including BP’s $1.1 billion acquisition of U.S. offshore wind assets plus Northern Oil and Gas’ entry into the Permian Basin.

September 16, 2020

Acquisitions & Divestitures , Trends

Energy A&D Transactions from the Week of Sept. 9, 2020

Here’s a snapshot of recent energy deals including the sale of Schlumberger’s fracking business, OneStim, to Liberty Oilfield Services and the dissolution of Ovintiv’s Duvernay Shale JV with PetroChina.

September 9, 2020

Field Development

Canada’s Husky Energy to Review West White Rose Project

A full review of the scope, schedule and cost of the project is critical, given the minimum one-year delay to first oil caused by the COVID-19 pandemic, the company said.

September 9, 2020

Public Capital , Shale Plays , Acquisitions & Divestitures , Joint Ventures

Ovintiv, PetroChina Split Duvernay Assets in JV Breakup

The partnership dates back to December 2012 when PetroChina agreed to pay Ovintiv, going by Encana at the time, CA$2.18 billion for a 49.9% stake in its Duvernay shale prospect.

September 2, 2020

Restructurings , Public Capital , Shale Plays , Technology , Acquisitions & Divestitures

Shareholder Wilks Brothers to Launch Hostile Takeover Bid for Calfrac

Wilks Brothers, led by oil billionaires Dan and Farris Wilks, has been acquiring stakes in hard-hit U.S. service firms, previously making two bids for Calfrac's U.S. operations that were rejected.

September 2, 2020

Exploration & Production , Pipelines

Imperial Shuts Kearl Oil Sands Output after Pipeline Spill

Timing to restart production is unknown, the company said in a release. Imperial is majority owned by U.S. major Exxon Mobil Corp.

September 2, 2020

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Sept. 2, 2020

Here’s a snapshot of recent energy deals including Panhandle Oil and Gas’ entry into the Haynesville Shale through the acquisition of two packages of royalty acreage from Red Stone Resources.

September 2, 2020

Public Capital , Acquisitions & Divestitures , Mergers

Canadian Oil Producer Whitecap to Boost Position With Multimillion-dollar Deal

The deal marks growing interest in mergers among smaller Canadian oil producers to bolster their portfolios, as uncertainty about future oil demand persists.

August 31, 2020

Investment , Health, Safety & Environment

ESG Reporting: How CPP Investment’s New Policy Affects Energy Companies

Investment management organizations are stepping up their commitment to the role ESG plays in long-term value creation, but what are the broader implications for the oil and gas industry? 

August 28, 2020

Public Capital , Unconventional , Shale Plays

Equinor Halts US Shale Drilling for 2020 Amid Significant Job Cuts

Equinor plans to not drill any new unconventional wells this year in the U.S., where it has acreage in the Bakken and Marcellus shale formations, a spokesman for the Norway-based oil and gas company said.

August 26, 2020