Energy
Canada’s Oil Patch On Track For Biggest M&A Wave In A Decade
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.
Summary
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.
AI summaries can be wrong sometimes—always verify important details using the source article.
How AI & Automation are usedMore from Energy
Continue reading recent Energy coverage
- New National Sierra Club Report Spotlights We Energies Failing the Clean Energy Transition Amid Data Center SurgeContinue reading
- NEW REPORT: Mississippi Power Failing to Lower Costs & PollutionContinue reading
- BMW fast-tracks the new i3, with reservations now opening next weekContinue reading
- China's Newest Power Plant Swaps Steam for Supercritical CO2Continue reading
Support HappeningNow
Independent AI-powered news analysis is reader-supported. Your contribution helps cover infrastructure, summaries, and continued platform development.
Support HappeningNow