Janice Buckingham, KC Janice Buckingham, KC

Chevron Canada Limited on the sale of its interest in the Athabasca Oil Sands Project and the Kaybob Duvernay Shale Gas Project to Canadian Natural Resources Limited for US$6.5 billion

On October 7, 2024, Chevron Canada Limited announced its sale to Canadian Natural Resources Limited of Chevron’s 20% interest in the Athabasca Oil Sands Project and 70% interest in the Kaybob Duvernay Shale Gas Project, as well as certain other oil sands and petroleum and natural gas rights...

Lead Office: Calgary Date Announced: October 7, 2024 Value: $6.5 billion

ConocoPhillips in its acquisition of the remaining Surmont interest from TotalEnergies EP Canada Ltd. for approximately $3.7 billion

On October 4, 2023, ConocoPhillips closed the acquisition of the remaining 50% interest in the Surmont oilsands project (“Surmont”) from TotalEnergies EP Canada Ltd. for approximately $3.7 billion plus contingent payments of up to $0.4 billion. The transaction gives...

Lead Office: Calgary Date Closed: October 4, 2023 Value: $3.7 billion

Manulife Financial in the sale of its subsidiary NAL Resources Limited to Whitecap Resources Inc.

On January 4, 2021 Whitecap Resources Inc., completed the previously announced strategic combination with NAL Resources Limited in an all-stock deal valued at approximately $155 million. Whitecap entered into an agreement to acquire NAL from The Manufacturers Life Insurance Company, a...

Lead Office: Calgary Date Closed: January 4, 2021 Value: $155 million

Suncor Energy Inc. in its takeover of day-to-day operations at Syncrude oil sands mining joint venture

On November 23, 2020 Suncor Energy Inc. (through 2 Affiliates), together with the other Syncrude joint venture owners: Imperial Oil Resources Limited, CNOOC Oil Sands Canada, and Sinopec Oil Sands Partnership, have agreed in principle for another Suncor Affiliate to take over the...

Lead Office: Calgary Date Closed: -- Value: -

Delphi Energy Corp. in its restructuring transaction under the CCAA

On October 16, 2020, Delphi Energy Corp. completed a corporate restructuring implemented pursuant to a plan of compromise and arrangement under the Companies’ Creditors Arrangement Act and the Canada Business Corporations Act (the Plan). Under the Plan, among other things,...

Lead Office: Calgary Date Closed: October 16, 2020 Value: -

ConocoPhillips in it acquisition of Montney acreage from Kelt Exploration Ltd. 

On August 21, 2020, ConocoPhillips purchased oil and gas assets in the Inga/Fireweed/Stoddard region of British Columbia from Kelt Exploration Ltd. for gross cash proceeds of $510 million, prior to closing adjustments, plus the assumption of approximately $41 million in certain...

Lead Office: Calgary Date Closed: August 21, 2020 Value: $510 million

Suncor in its US$15 million investment in LanzaTech

On June 20, 2020, Suncor completed a US$15 million investment in LanzaTech, the global leader in gas fermentation technology. The funds will be used to build a demonstration plant that will produce 10 million gallons per year of sustainable aviation fuel and renewable diesel. Suncor Energy...

Lead Office: Calgary Date Closed: June 20, 2020 Value: US$15 million

Athabasca Oil Corporation in the sale of its Leismer pipeline and Cheecham storage terminal to Enbridge

On December 10, 2018, Athabasca Oil Corporation announced the sale of its Leismer pipeline and Cheecham storage terminal to Enbridge and negotiations of priority transportation and storage services agreements on such pipelines and tanks. This transaction unlocked value for shareholders while...

Lead Office: Calgary Date Closed: January 15, 2019 Value: $265 million

KANATA in its joint venture with TAQA North to expand the Valhalla Facility

On December 14, 2018, KANATA Energy Group Ltd., together with its joint venture partner TAQA North Ltd., announced the successful completion and start-up of the Valhalla Sour Gas Processing Facility. The facility processing capacity was expanded to include additional liquids handling and...

Lead Office: Calgary Date Closed: December 14, 2018 Value: -

Chevron Canada Limited in connection with the sale of a subsidiary that owns a Canadian downstream fuel business to Parkland Fuel Corporation for approximately $1.46 billion

On October 1, 2017, Chevron Canada Limited completed an agreement with Parkland Fuel Corporation for the shares of Chevron Canada R&M ULC, which operates a Canadian integrated downstream fuel business, for a total value of approximately $1.46 billion. The acquisition included 129...

Lead Office: Calgary Date Closed: October 1, 2017 Value: $1.46 billion