In the Canadian oil & gas industry, there were 26 M&A deals announced in Q3 2023, worth a total value of $3.4bn, according to GlobalData’s Deals Database. The $1.1bn acquisition of Carbon Engineering by Occidental Petroleum was the industry’s largest disclosed deal. GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals report for Q3 2023 uncovers key trends behind the oil & gas market M&A deals and helps gain a comprehensive understanding of the disruptive themes driving most notable to deals. Buy the report here.
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In value terms, M&A activity in Canada decreased by 26% in Q3 2023 compared with the previous quarter’s total of $4.6bn and fell by 39% as compared to Q3 2022. Related deal volume increased by 100% in Q3 2023 versus the previous quarter and was 35% lower than in Q3 2022.
The top-ranked financial advisors supporting these M&A deals in Canada in Q3 2023 were National Bank of Canada; Royal Bank of Canada; Bank of Montreal with 8, 8, 7 deals respectively.
The top-ranked legal advisorss supporting these M&A deals in Canada Q3 2023 were Stikeman Elliott; Blake, Cassels & Graydon; Fasken Martineau DuMoulin with 5, 4, 4 deals respectively.
For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.
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