Receive our newsletter – data, insights and analysis delivered to you
  1. Deals Analysis
January 27, 2021

Oil & gas industry M&A deals in Q4 2020 total $10.01bn in Canada

By Baghmar P

Total oil & gas industry M&A deals in Q4 2020 worth $10.01bn were announced in Canada, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

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 $1.66bn.

Canada held a 13.7% share of the global oil & gas industry M&A deal value that totalled $73.03bn in Q4 2020.

In terms of deal activity, Canada recorded 27 deals during Q4 2020, marking a rise of 3.9% over the previous quarter and a drop of 22.9% over the last four-quarter average.

Content from our partners
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager
The important role of antifoam agents in oil-gas separation and amine treating

Canada oil & gas industry M&A deals in Q4 2020: Top deals

The top five oil & gas industry M&A deals accounted for 95.9% of the overall value during Q4 2020.

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

The top five oil & gas industry deals of Q4 2020 tracked by GlobalData were:

1) The $7.77bn merger of Cenovus Energy and Husky Energy

2) The $703.13m acquisition of Torc Oil and Gas by Whitecap Resources

3) AltaGas Idemitsu Joint Venture’s $541.73m acquisition of Petrogas Energy

4) The $478.23m acquisition of Jupiter Resources by Tourmaline Oil

5) Tourmaline Oil’s acquisition of Modern Resources for $108.06m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

 

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU