Acquisitions and Divestitures News in Canada

Sale of Cenovus's Marten Hills Oil Assets to Headwater Exploration Closes
12/2/2020 - Cenovus Energy Inc. and Headwater Exploration Inc. are pleased to announce the closing of the acquisition by Headwater of Cenovus's assets in the Marten Hills area of Alberta. Pursuant to the transact...
Inter Pipeline Closes Majority Sale of its European Storage Business
11/12/2020 - Inter Pipeline Ltd. announced the successful closing for the majority of its European bulk liquid storage business to the CLH Group for cash consideration of £420 million, subject to customary closing...
Completion of Gain Acquisition and Harvard Sale
9/4/2020 - i3 Energy plc is pleased to announce that, following the completion of the re-admission as set out in the announcement of 11th August 2020, the Company has now completed the acquisition of all the pet...
Kelt Announces Completion of the Sale of Its Inga Assets
8/21/2020 - Kelt Exploration Ltd. (“Kelt”) has completed its previously announced disposition of oil and gas assets in its Inga/Fireweed/Stoddart Division (the “Inga Assets”), located in British Columbia, to Cono...
Canadian Natural Resources Announces Acquisition of Painted Pony Energy
8/10/2020 - Canadian Natural Resources Limited (“Canadian Natural”) announces it has entered into a definitive arrangement agreement with Painted Pony Energy Ltd. (“Painted Pony”) relating to the acquisition of a...
Hillcrest Acquires 100% Working Interest in West Hazel
7/30/2020 - Hillcrest Petroleum Ltd. is pleased to announce it will increase its working interest percentage in the West Hazel field to 100% by acquiring the remaining working interest its Joint Venture Partner. ...
Disposal of Ausable Reef Gas Assets to Levant
7/8/2020 - Solo, the AIM investing company targeting attractive production and development opportunities within the European energy market, provides the following update further to its announcement on 22 March 2...
Gain Energy Announces Production Acquisition
7/6/2020 - i3 Energy plc, an independent oil and gas company with assets and operations in the UK, is pleased to announce the following update.

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Advantage Closed Glacier Gas Plant Transaction for $100M
7/2/2020 - Advantage Oil & Gas Ltd. has successfully closed the previously announced sale of a 12.5% interest in the Glacier Gas Plant to Topaz Energy Corp. ("Topaz") and received $100 million cash proceeds (see...
TC Energy Completes Partial Monetization & Project Financing Transactions for Coastal GasLink
5/25/2020 - TC Energy Corporation has completed the sale of a 65 per cent equity interest in the Coastal GasLink Pipeline Project (Coastal GasLink or the Project). In addition, the Coastal GasLink Pipeline Limite...
Regulatory Decision for Alberta Foothills Assets Transfer of Licenses
5/15/2020 - Pieridae Energy Limited (Pieridae) (PEA) issued the following statement from CEO Alfred Sorensen with respect to the Alberta Energy Regulator’s (AER) decision to deny the application to transfer licen...
Whitebark Terminates Wizard Lake Oilfield Residual Interest Acquisition Agreement
3/30/2020 - As announced on 18 December 2019, the acquisition of the Wizard Lake assets would proceed in stages. Stage 1 was completed on 23 December 2019 with SBE moving to 60% ownership1. WBE/SBE has the right ...
International Petroleum Completes Acquisition of Light Oil Assets
3/6/2020 - International Petroleum Corp has announced the closing of the previously announced acquisition of Granite Oil Corp. The Acquisition includes total proved plus probable ('2P') reserves of 14.0 million ...
Calima Secures Tommy Lakes Infrastructure
2/19/2020 - Calima Energy Limited (CE1) (Calima) owns and operates drilling and production rights in British Columbia (”Calima Lands”). The Company is pleased to announce it has entered into an agreement to acqui...
C-NLOPB Releases Results for 2019 Calls for Bids
11/6/2019 - The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) is announcing the results of Call for Bids NL19-CFB01 (Exploration Licences, South Eastern Newfoundland Region) and Call for Bid...
Husky Energy Closes Sale of Prince George Refinery
11/1/2019 - Husky Energy (HSE) has closed the sale of its 12,000 barrel-per-day Prince George Refinery to Tidewater Midstream and Infrastructure for $215 million in cash, plus a closing adjustment of approximatel...
Fugro Succeeds with New Seep Survey License Sales Offshore Newfoundland
7/10/2019 - Fugro and partner Amplified Geochemical Imaging (AGI), are reporting recent success selling multiple licences for data from frontier regions offshore east coast Canada. The data were acquired during t...
Devon Energy Completes Sale of Canadian Business
6/27/2019 - Devon Energy Corp. has completed the sale of its Canadian business to Canadian Natural Resources Limited for CAD $3.8 billion, or USD $2.8 billion. Devon received net proceeds of USD $2.5 billion, aft...
Shell Sells Foothills Sour Gas Assets to Pieridae Energy Limited
6/26/2019 - Shell confirms it has sold its Foothills sour gas assets to Pieridae Energy Limited, an experienced Canadian operator. ...
Questerre Executes Agreement to Acquire Quebec Assets
3/7/2019 - Questerre Energy Corporation has executed a definitive purchase and sale agreement with a senior exploration and production company to acquire all their assets in Quebec. This follows the letter of in...

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