Here’s a snapshot of recent energy deals including Oasis Petroleum’s $510 million midstream deal plus the acquisition of a Pioneer Natural Resources oilfield service subsidiary by oil mogul George Kaiser.
The flurry of M&A deals underscores the Canadian energy sector’s desire to grow to benefit from the rebound in oil prices as global fuel demand picks up. It also reflects smaller companies betting on economies of scale.
By 2023, 26% of Alberta’s electricity capacity will come from renewable sources, up from 16% in 2017.
Svante has now attracted more than $175 million in total funding since it was founded in 2007.
Enbridge wants Ottawa to back is court filings against efforts by the State of Michigan to shut down the oil pipeline.
Here’s a snapshot of recent energy deals including the closing of the $465 million acquisition of Williston Basin private operator Bruin E&P by Enerplus plus a merger agreement between Houston-based oilfield services provider Frank’s International and Expro Group.
Germany and Canada agreed on March 16 to explore the joint development of green hydrogen from Canadian hydroelectric power for export to Germany.
BMO will set an intermediate target of net-zero emissions for 2030, and is also targeting a 30% reduction in greenhouse gas emissions in its operations by 2030 from a 2019 baseline, Canada’s fourth-largest lender said in a statement.
Here’s a snapshot of recent energy deals including the closing of Riley Exploration Permian’s all-stock merger with Tengasco plus Chevron’s $1.32 billion buyout of Noble Midstream.
Brookfield last month launched a hostile CA$7.1 billion (US$5.6 billion) bid with the same CA$16.50-per-share offer that Inter Pipeline had previously rejected as inadequate.