Professional M&A intelligence for the energy transition
Enbridge completed its $3.0 billion acquisition of Dominion Energy's Public Service Company of North Carolina (PSNC) in September 2024. The deal added gas distribution serving approximately 600,000 customers in North Carolina.
Brookfield Renewable completed its $2.8 billion acquisition of Duke Energy Renewables in October 2023. The deal added 3.4 GW of operating wind, solar, and battery storage capacity, with an additional 6.1 GW in development across the U.S.
Canadian Natural Resources acquired Storm Resources for C$960 million in cash and stock in December 2021. Current production, before royalties, to be acquired by Canadian Natural, is approximately 136 million cubic feet per day of natural gas and 5,600 barrels per day of NGLs. The assets include properties in the high quality, liquids rich Montney […]
Canadian Natural Resources completed its C$6.5 billion acquisition of Chevron's Canadian assets in October 2024. The deal includes Chevron's 20% interest in the Athabasca Oil Sands Project and 70% operated interest in light oil assets in the Duvernay Shale.
Cenovus Energy acquired BP's 50% interest in the Sunrise oil sands project in October 2022, gaining 100% ownership. Cenovus paid C$600 million in cash, with BP also receiving Cenovus's 35% stake in the Bay du Nord project.
Suncor Energy acquired Teck Resources' 21.3% interest in the Fort Hills oil sands project for approximately C$1.0 billion in February 2023, increasing Suncor's stake to 75.4%. The deal supports Suncor's strategy to consolidate operated assets.
Suncor Energy acquired TotalEnergies' Canadian operations, including the 31.23% interest in the Fort Hills oil sands project, for C$1.47 billion in April 2023. The deal gave Suncor 100% ownership of Fort Hills. TotalEnergies EP Canada holds a 31.23% working interest in Fort Hills.
Tourmaline Oil completed its C$1.3 billion of Crew Energy in October 2024. The deal added approximately 30,000 boe/d of production and 270,000 net acres in the Montney formation in northeast British Columbia, consolidating Tourmaline's leading Montney position.
Tourmaline Oil acquired Bonavista Energy in a C$1.45 billion cash-and-stock deal in October 2023. The transaction added 60,000 boe/d of production and 350,000 net acres in the Deep Basin of Alberta.
Strathcona Resources merged with Pipestone Energy in a C$1.65 billion all-stock deal in October 2023, creating Canada's fifth-largest oil producer. The combined entity holds significant Montney and oil sands positions.