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Sunday, Oct 25th, 2020

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‘Inflection point’: Oilpatch companies scramble to find new partners to scale up, access capital after commodity rout

Two proposed deals highlight uptick in consolidation and could be a harbinger of more transactions in coming weeks CALGARY — Two proposed deals Monday by mid-sized oil and gas companies highlight a recent uptick in consolidation in the depressed Canadian oilpatch and could be a harbinger of more transactions in the coming weeks, according to […]

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Equinor beefs up Bay du Nord subsea scope

Norwegian operator adds wells to suspended Canadian project, and indicates project sanction is a possibility for 2021 Norway’s Equinor has fleshed out plans for a beefed-up, 40-well subsea production system at its suspended Bay du Nord project off Canada and indicated a final investment decision on the US$5 billion scheme could come as early as […]

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