Web Analytics
Home » Posts tagged with » Canada

Calima Energy to acquire Canadian oil and gas company Blackspur Oil

Calima Energy to acquire Canadian oil and gas company Blackspur Oil

Australia-based Calima Energy has agreed to acquire Canadian oil and gas company Blackspur Oil for CAD 17 million ($13.35 million). Calima Energy will also assume Blackspur Oil’s net debt of $43 million. Blackspur Oil has producing oil and natural gas assets in the Brooks and Thorsby areas in Alberta. The assets’ 2P reserves are 22.5 […]

ARC Resources, Seven Generations Energy sign $6.3bn merger deal

ARC Resources, Seven Generations Energy sign $6.3bn merger deal

Canadian oil and gas companies ARC Resources and Seven Generations Energy have agreed to merge in an all-stock deal worth nearly CAD 8.1 billion ($6.38 billion) with an objective to become a leading producer in the Montney Formation in the country. Apart from the Montney region in Alberta and northeast British Columbia, ARC Resources’ operations […]

Canada’s Whitecap Resources and TORC Oil & Gas to merge in $703m deal

Canada’s Whitecap Resources and TORC Oil & Gas to merge in $703m deal

Canadian oil and gas companies Whitecap Resources and TORC Oil & Gas have inked an all-stock merger deal worth nearly CAD 900 million ($703.4 million) to create a light oil weighted producer in Western Canada, valued at $3.12 billion. As part of the deal, Whitecap Resources will assume TORC Oil & Gas’ net debt of […]

Headwater Exploration acquires Cenovus’ Marten Hills oil assets for $78m

Headwater Exploration acquires Cenovus’ Marten Hills oil assets for $78m

Cenovus Energy has completed the previously announced CAD100 million ($78.2 million) sale of its Marten Hills oil assets in Alberta, Canada to rival Canadian oil and gas company Headwater Exploration. As per the deal announced last month, Headwater Exploration paid Cenovus Energy CAD35 million in cash, while issuing 50 million of its common shares plus […]

Keystone XL pipeline project : Natural Law Energy to acquire 12% stake for $763m

Keystone XL pipeline project : Natural Law Energy to acquire 12% stake for $763m

Natural Law Energy (NLE) has agreed to acquire a stake of 12% in the $8 billion Keystone XL pipeline project from TC Energy for CAD 1 billion ($763.7 million). The deal follows a memorandum of understanding (MOU) signed by the parties in September 2020 to allow Natural Law Energy to invest in the pipeline project as […]

Equinor, BP report Cappahayden and Cambriol oil discoveries offshore Canada

Equinor, BP report Cappahayden and Cambriol oil discoveries offshore Canada

Equinor and its partner BP Canada have pulled off a couple of oil discoveries offshore Newfoundland, Canada through the drilling of the Cappahayden and Cambriol prospects in the Flemish Pass Basin. However, Equinor said that it is too early to give any specific information on the volumes estimated at the Cappahayden and Cambriol hydrocarbon discoveries. Paul McCafferty – Equinor […]

Cenovus Energy to acquire Canadian rival Husky Energy for $2.9bn

Cenovus Energy to acquire Canadian rival Husky Energy for $2.9bn

Cenovus Energy acquisition of Husky Energy : Cenovus Energy has signed an all-stock deal worth around CAD 3.8 billion ($2.9 billion) to acquire rival Canadian oil and gas company Husky Energy. The operations of Cenovus Energy include oil sands projects across northern Alberta in Canada. The company also has natural gas and oil production in […]

Africa Oil secures license extension for Kenyan blocks

Africa Oil secures license extension for Kenyan blocks

Africa Oil, a Canadian oil and gas company, has secured license extension from the Kenyan government for Blocks 10BB and 13T. As per the terms of the extension, the joint venture partners, which includes Tullow Oil, hold the right to extend the second exploration period for the 10BB and 13T licence blocks until 31 December […]

Whitecap Resources to acquire NAL Resources from Manulife Financial

Whitecap Resources to acquire NAL Resources from Manulife Financial

Whitecap Resources has signed an all-stock deal worth around CAD155 million ($118.6 million) to acquire rival Canadian oil and gas company NAL Resources from a fully-owned subsidiary of Manulife Financial. NAL Resources has oil and gas assets across Alberta and Saskatchewan and is presently producing nearly 27,000 boe/d, of which 55% is oil and natural […]

WEF merges Cona Resources, Strath Resources to form Strathcona Resources

WEF merges Cona Resources, Strath Resources to form Strathcona Resources

Waterous Energy Fund (WEF), a Canadian energy investment firm, announced that a couple of its portfolio companies – Cona Resources and Strath Resources have merged to create Strathcona Resources, an oil-weighted producer in North America. Based in Calgary, Canada, Strath Resources is focused on developing its core oil and natural gas asset in the Kakwa […]

Page 1 of 3123