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ARTICLE · 15 JANUARY 2014

2014 Energy M&A Trends In Canada

Stikeman Elliott LLP
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Whether measured by volume or aggregate value, 2013 was a weaker year for energy-related M&A than 2012, continuing a four-year decline in activity in the sector.

CanadaEnergy and Natural Resources
Glenn Cameron
Glenn Cameron
Susan Hutton
Susan Hutton
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Whether measured by volume or aggregate value, 2013 was a weaker year for energy-related M&A than 2012, continuing a four-year decline in activity in the sector. There was a noteworthy lack of public company M&A in 2013 and nothing to match the marquee deals of 2012: PETRONAS' $6B acquisition of Progress Energy or CNOOC Limited's $20B acquisition of Nexen. In spite of that, 2013 still saw a significant number of large and complex transactions, including Suncor's sale of its conventional natural gas properties for $1B to Centrica and Qatar Petroleum, Progress/PETRONAS' $1.5B acquisition of Talisman Energy's Farrell Creek and Cyprus properties and Exxon Mobil/Imperial Oil's $750M acquisition of part of ConocoPhillips' non-producing Clyden oil sands acreage.

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