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Acquisitions and Divestitures News in Canada

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...
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...

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