Skip to main content

Canada’s oil and gas M&A deals total US$10.01 billion in 4Q20

Published by
World Pipelines,


Total oil and gas industry M&A deals in 4Q20 worth US$10.01 billion were announced in Canada, according to GlobalData’s deals database.

The value marked an increase of 468.3% over the previous quarter and a rise of 504.2% when compared with the last four quarter average of US$1.66 billion.

Canada held a 13.7% share of the global oil and gas industry M&A deal value that totalled US$73.03 billion in 4Q20. In terms of deal activity, Canada recorded 27 deals during 4Q20, marking a rise of 3.9% over the previous quarter and a drop of 22.9% over the last four quarter average.

Top deals

The top five oil and gas industry M&A deals accounted for 95.9% of the overall value during 4Q20.

The combined value of the top five oil and gas M&A deals stood at US$9.6 billion, against the overall value of US$10.01 billion recorded for the month.

The top five oil and gas industry deals of 4Q20tracked by GlobalData were:

  • The US$7.77 billion merger of Cenovus Energy and Husky Energy.
  • The US$703.13 million acquisition of Torc Oil and Gas by Whitecap Resources.
  • AltaGas Idemitsu Joint Venture’s US$541.73 million acquisition of Petrogas Energy.
  • The US$478.23 million acquisition of Jupiter Resources by Tourmaline Oil.
  • Tourmaline Oil’s acquisition of Modern Resources for US$108.06 million.

Read the article online at: https://www.worldpipelines.com/business-news/05022021/canadas-oil-and-gas-ma-deals-total-us1001-billion-in-4q20/

You might also like

Know the advantages of trenching versus excavating

Trencher or excavator? For pipeline distribution, power, water, sewer, gas and underdrain installations, as well as other heavy-duty trenching applications, both machines can do the work, yet excavators continue to be more prevalently used. But, this seems to be largely due to tradition. In fact, many contractors will tell you that they still install product with an excavator because that’s the way they’ve always done it.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Canada pipeline news