Canada

  • Whitecap to Buy TORC Oil for $430 MM

    Whitecap to Buy TORC Oil for $430 MM

    Wednesday, 9th December 2020

    Canadian Oil Producer Whitecap Resources Inc has agreed to buy TORC Oil and Gas Ltd in an all-stock deal valued at $430.81 million (mm).

  • Canada’s Tourmaline Acquires 2 Companies Worth $585 MM

    Canada’s Tourmaline Acquires 2 Companies Worth $585 MM

    Thursday, 5th November 2020

    Canadian oil and gas producer, Tourmaline Oil Corporation (Tourmaline), has acquired fellow oil and gas company, Jupiter Resources, in an all-stock deal reported at approximately $476 million, inclusive of debt.

  • Canada Ramping Up Production to End Year on a High 

    Canada Ramping Up Production to End Year on a High 

    Monday, 2nd November 2020

    Canadian producers are rigorously producing extra crude in an attempt to try and offset a dire year for the Canadian oil industry.

  • Cenovus, Husky Announce Merger

    Cenovus, Husky Announce Merger

    Monday, 26th October 2020

    Cenovus Energy and Husky Energy have announced a transaction to create a new integrated Canadian oil and natural gas company with an integrated upstream and downstream portfolio which will provide increased funds.

  • Alberta Set to Increase Production Ahead of Schedule

    Alberta Set to Increase Production Ahead of Schedule

    Sunday, 25th October 2020

    Canada’s most prolific oil-producing province, Alberta, is set to increase its crude production in December ahead of schedule as coronavirus-related shutdowns ease congestion.

  • Ofinitiv Cancels JV with PetroChina

    Ofinitiv Cancels JV with PetroChina

    Wednesday, 2nd September 2020

    One of the largest independent producers of crude oil and condensate in North America, Ovintiv Canada ULC, has finalized an agreement with PetroChina Canada (PCC) to terminate the parties' joint venture (JV) and transfer the ownership and operation of certain Duvernay shale assets in west-central Alberta.

  • ConocoPhillips Completes Montney Acreage Acquisition

    ConocoPhillips Completes Montney Acreage Acquisition

    Sunday, 23rd August 2020

    US supermajor ConocoPhillips has announced its completion of the Montney acreage acquisition in Canada from Kelt Exploration for a total of $390 million.

  • Aker Solutions Extends EPC Contract in Canada

    Aker Solutions Extends EPC Contract in Canada

    Wednesday, 29th July 2020

    Aker Solutions has been awarded a five-year engineering, procurement, and construction (EPC) contract extension by ExxonMobil for the Hebron platform in Canada.

  • Saudi-Canada Dispute Will Not Affect Oil Supplies: Al-Falih

    Saudi-Canada Dispute Will Not Affect Oil Supplies: Al-Falih

    Thursday, 9th August 2018

    Saudi Arabia’s petroleum exports worldwide will not be affected by the ongoing diplomatic dispute between the kingdom and Canada, Energy Minister Khalid Al-Falih affirmed on Thursday.

  • Oil Rises on Iran Supply Concerns

    Oil Rises on Iran Supply Concerns

    Wednesday, 27th June 2018

    Oil prices rose on June 27 after US officials ramped up pressure on its allies to end imports of Iranian crude by November.