Canada

Investment , Earnings

Canada’s Imperial Oil Reports Record Operational, Financial Performance

Imperial reported solid financial fourth quarter results and introduced a new goal to achieve net-zero by 2050.

February 2, 2023

Transactions , Acquisitions & Divestitures , Mergers , Joint Ventures

Energy A&D Transactions from the Week of Feb. 1, 2023

Here’s a snapshot of recent energy deals including Diamondback Energy completing its $1.55 billion deal to acquire Midland Basin acreage and E&P Arena Energy LLC closing its acquisition of Cox Operating LLC's interests in the Eugene Island 330 and South Marsh 128 oil blocks.

February 1, 2023

Business , Unconventional , Highlights , Field Development , Deepwater , Shale Plays

Murphy Oil Posts $965 Million Income for 2022

Murphy Oil increased production and pay down debt with the help of King’s Quay project going onstream in the Gulf of Mexico and high output from new Eagle Ford wells.

January 31, 2023

Exploration & Production , Transactions

TotalEnergies EP Canada Acquiring 6.65% Additional Interest in Fort Hills Project

The acquisition is ahead of TotalEnergies’ planned spin-off of the Canadian company.

January 27, 2023

Energy Transition

Imperial Moves on CA$720 Million Investment in Renewable Diesel Facility

Imperial Oil Ltd. is moving forward with a CA$720 million (US$560 million) investment in the renewable diesel facility at its Strathcona refinery near Edmonton, Alberta, to supply British Columbia and support the province’s plan to reduce greenhouse gas emissions.

January 26, 2023

Transactions , Acquisitions & Divestitures , Mergers , Joint Ventures

Energy A&D Transactions from the Week of Jan. 25, 2023

Here’s a snapshot of recent energy deals including Chesapeake Energy’s $1.4 billion deal to sell Eagle Ford Shale acreage in the Brazos Valley region to WildFire Energy, and Matador Resource’s $1.6 billion bolt-on acquisition in the northern Delaware Basin.

January 25, 2023

Legislation , Energy Transition , Technology

Canadian Oil Group Says Federal, Provincial Tension Blocking Carbon Capture Talks

The Pathways Alliance, comprised of Cenovus Energy, MEG Energy, Suncor Energy, Canadian Natural Resources, Imperial Oil and ConocoPhillips, represent 95% of Canada's oil sands production.

January 24, 2023

Public Capital , Exploration & Production , Shale Plays , Midstream

Canadian Gas Producers to Boost Unconventional Production, Capex

Wood Mackenzie expects Canada’s largest natural gas producers —  Montney Shale producers Tourmaline Oil, Canadian Natural Resources (CNRL) and ARC Resources — to continue to grow their unconventional production in 2023 despite inflation pressures.

January 18, 2023

Business , Highlights , Field Development , Discoveries , Deepwater , Technology

E&P Highlights: Jan. 13, 2023

Here’s a roundup of the latest E&P headlines, including gas discoveries onshore the Nile Delta in the North Sea and a host of new contract awards from the past week in the upstream oil and gas industry

January 13, 2023

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Jan. 11, 2023

Here’s a snapshot of recent energy deals including Northern Oil & Gas (NOG) closed on  an upsized acquisition of working interests in Midland-Petro D.C. Partners LLC and Phillips 66 $3.8 billion deal with DCP Midstream LP.

January 11, 2023