Cenovus Energy to Acquire Athabasca Oil Corporation

Emera to Acquire Canadian Utilities in Merger of Equals

October 6, 2026

Utilities

Emera agreed to acquire all outstanding shares of Canadian Utilities in an all-share merger of equals, creating a larger utility with an expected enterprise value of approximately $72 billion. The transaction is subject to shareholder, court, regulatory and stock exchange approvals and is expected to close in the third or fourth quarter of 2027.

InPlay Oil Corp. to Acquire Private Oil and Gas Producer for C$54.25M

August 5, 2026

Oil & Gas

InPlay Oil Corp. entered into a definitive arrangement agreement to acquire a private, arm’s-length oil and gas producer for cash consideration of $54.25 million (subject to closing adjustments). The acquisition is expected to add about 1,400 boe/d of production (85% light oil and NGLs) and expand InPlay’s Belly River position, with the deal expected to close by the end of August 2026.

Shell Acquires ARC Resources Ltd.

April 27, 2026

Oil & Gas

Shell plc agreed to acquire all outstanding shares of ARC Resources Ltd. in a cash-and-share transaction announced on April 27, 2026, with an enterprise value initially estimated at approximately US$16.4 billion. The acquisition closed on September 2, 2026, adding ARC’s Montney oil and gas production and reserves to Shell’s Canadian portfolio and supporting its production growth and integrated LNG strategy.

Ovintiv Completes Acquisition of NuVista Energy for $2.7 Billion

February 3, 2026

Energy

Ovintiv completed its acquisition of all common shares of NuVista Energy Ltd. in a cash-and-stock transaction valued at about $2.7 billion. The deal adds roughly 140,000 net acres and about 930 net 10,000-foot equivalent well locations in the oil-rich Alberta Montney, with expected 2026 production averaging about 100 MBOE/d.

Cenovus Energy to Acquire MEG Energy in $7.9 Billion Deal; Strathcona to Purchase Vawn Thermal Project From Cenovus

October 27, 2025

Oil & Gas

Cenovus Energy entered into a definitive arrangement agreement to acquire MEG Energy in a $7.9 billion deal (inclusive of assumed debt), to be paid 75% in cash and 25% in Cenovus common shares, with the transaction expected to close in the fourth quarter of 2025 subject to approvals. Strathcona Resources simultaneously signed a voting support agreement to vote its MEG shares in favor of the Cenovus–MEG transaction, and announced it will purchase Cenovus’s Vawn thermal project and certain undeveloped thermal lands for initial consideration of $75.0 million plus up to $75.0 million in contingent consideration.

ExxonMobil Acquires Denbury Inc.

November 2, 2023

Energy

Exxon Mobil Corporation completed its all‑stock acquisition of Denbury Inc. in a transaction valued at $4.9 billion, with Denbury shareholders receiving 0.84 shares of ExxonMobil per Denbury share. The deal adds Denbury's ~1,300 miles of CO2 pipelines, onshore sequestration sites and Gulf Coast/Rockies oil and gas operations (over 200 million boe of proved reserves and roughly 46,000–47,000 boe/d of production), strengthening ExxonMobil's Low Carbon Solutions and CCS capabilities.