Acquisitions and Divestitures News in Canada

Beach Successful in La Bella Bid
2/13/2019 - Australian operator Beach Energy has emerged as the successful cash bidder for the La Bella gas field in the Otway basin off the coast of Victoria. ...
Husky Considering Sale of Non-Core Downstream Assets
1/8/2019 - Husky Energy (HSE) announced it will undertake a strategic review and will potentially sell its Canadian retail and commercial fuels business and its Prince George Refinery. ...
BHP Successful in Bids for Blocks in the Offshore Orphan Basin
11/8/2018 - the Canada Newfoundland and Labrador Offshore Petroleum Board announced that BHP has been successful in its bids to acquire a 100% participating interest in, and operatorship of, two exploration licen...
Equinor Successful Bids for Three New Licences in Canda
11/7/2018 - Equinor and its partners were the successful bidders for new exploration parcels in the prolific Jeanne d’Arc basin, offshore Newfoundland. ...
Pieridae and Ikkuma to Complete a Business Combination
8/26/2018 - Pieridae Energy and Ikkuma Resources have entered into a definitive agreement dated August 23, 2018 providing for the acquisition by Pieridae of all of the issued and outstanding shares of Ikkuma to b...
Cenovus Reaches Agreement to Sell Pipestone Business for $625 Million
8/9/2018 - Cenovus Energy Inc. and one of its subsidiaries have entered into an agreement to sell the general partnership that holds the Pipestone and Wembley natural gas and liquids business in northwestern Alb...
Calima Energy Completes Montney Farm-in Transaction
8/8/2018 - Calima Energy Limited has advised that following the successful completion of the takeovers of TSV Montney Ltd (“TSVM”) and TMK Montney Ltd (“TMKM”), the Company will own a 100% working interest in 72...
Trans Mountain Pipeline System Project to Be Sold for C$4.5B
5/29/2018 - Kinder Morgan, Inc. (KMI) announced that the Kinder Morgan Canada Limited (KML) board of directors has agreed to the purchase of the Trans Mountain Pipeline system and the expansion project (TMEP) by ...
Vermilion Energy Acquires Oil Assets in Southeast Saskatchewan & Southwest Manitoba
1/15/2018 - Vermilion Energy has entered into an arrangement agreement to acquire a private southeast Saskatchewan producer ('Privateco') for total cash consideration of $90.8 million. Under the terms of the Arr...
Atlantis Sells FORCE Stake to DP Energy
1/5/2018 - Atlantis, a global leader in the tidal power sector, is pleased to announce that it has agreed to sell its stake in its Canadian joint venture to its partner DP Energy, a leading renewable energy deve...
Questerre Energy consolidates Antler assets through acquisition
11/27/2017 - Questerre Energy has closed an acquisition of producing Bakken/Torquay oil assets in the Antler area of southeast Saskatchewan. ...
Cenovus Reaches Agreement to Sell Interest in Weyburn Asset for $940 Million
11/13/2017 - Cenovus Energy has entered into an agreement to sell its majority interest in the Weyburn carbon-dioxide enhanced oil recovery operation in Saskatchewan for cash proceeds of $940 million. The sale is ...
Cenovus Reaches Agreement to Sell Palliser Assets for $1.3B
10/19/2017 - Cenovus Energy Inc. (CVE) has entered into an agreement to sell its Palliser crude oil and natural gas assets in southeastern Alberta to Torxen Energy and Schlumberger for cash proceeds of $1.3 billio...
Tangle Creek Energy Closes Transformational Acquisition
10/17/2017 - Tangle Creek Energy Ltd. (Tangle Creek) has closed an acquisition of assets primarily in the Waskahigan and Kaybob areas of Alberta. Included in the acquisition is approximately 2,500 boe/d of product...
Eros Enters into Joint Operating Agreement in Saskatchewan
10/5/2017 - Eros Resources Corp. (Eros) has entered into a Joint Operating Agreement (the “Agreement”) with Westcore Energy Ltd. (“Westcore” or “WTR”) and Saturn Oil + Gas Inc. (“Saturn” or “SMI”) to develop thre...
Petronas' Canadian Unit to Sell Oil & Gas Asset in Alberta
10/5/2017 - Progress Energy, the Canadian unit of Malaysian state energy firm Petroliam Nasional Berhad, said it was looking to sell its Deep Basin oil and gas asset in the Canadian province of Alberta. Reuters r...
Cenovus Agrees to Sell Pelican Lake Assets forApprox. $1B
9/5/2017 - Cenovus Energy Inc. (CVE) has entered into a definitive agreement to sell its Pelican Lake heavy oil operations, as well as other miscellaneous assets in northern Alberta, for gross cash proceeds of $...
Sempra Renewables Acquires California Solar project from Canadian Solar Subsidiary Recurrent Energy
8/9/2017 - Recurrent Energy, a wholly owned subsidiary of Canadian Solar Inc. ("Canadian Solar") (CSIQ), announced that Sempra Renewables LLC, a unit of Sempra Energy (SRE), has acquired its 200 MWac/281 MWp Gre...
Cenovus Expects Up to C$2.5b from Weyburn & Palliser Sales
7/13/2017 - Canadian oil and gas producer Cenovus Energy Inc has hired investment banks to sell the Weyburn and Palliser oil assets, which it hopes would fetch as much as C$2.5 billion ($2 billion), according to ...
Centrica Agrees the Sale of its Canadian E&P Business
6/9/2017 - The CQ Energy Canada Partnership, the Canadian E&P joint venture in which Centrica owns a 60% interest, is to be sold to a consortium comprising MIE Holdings Corp, The Can-China Global Resource Fund a...

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