Canada’s Oil Patch On Track For Biggest M&A Wave In A Decade ...Middle East

Nearly a decade ago, the Canadian Oil Patch recorded a major asset sale and consolidation wave as oil majors exited the oil sands in favor of higher margins in U.S. shale oil as well as environmental concerns amid the ESG investing craze. To wit, Shell Plc (NYSE:SHEL) sold the majority of its oil sands interests to Canadian Natural Resources Ltd. (NYSE:CNQ) in 2017 a transaction valued at roughly $11.1 billion CAD ($8.5 billion USD), while Cenovus Energy (NYSE:CVE) acquired most of ConocoPhillips'(NYSE:COP) Canadian assets for C$17.7 billion (approximately…

Hence then, the article about canada s oil patch on track for biggest m a wave in a decade was published today ( Thursday 24/09/2026 - 02:05 AM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Canada’s Oil Patch On Track For Biggest M&A Wave In A Decade )

Also on site :

• Marketo Co-Founder Jon Miller Launches Phave, Marketing Automation That Reasons Instead of Following Rules
• AI Training More Than Doubled This Year, but 56% of Employees Report No Time at Work to Build the Skills, Workera Research Finds
• Starbucks celebrates this Saudi National Day with a limited-edition cup and artistic journey through heritage