CS - People & Companies - August 2019Bonavista Energy announced the retirement of Michael Kanovsky from its board after 21 years. Industry veteran David Carey has succeeded Kanovsky as lead director. Also joining the board is Mary Hemmingsen, who has 25 years of industry experience. Delphi Energy Corp. named Darwin Little interim CFO. Little has more than 35 years of experience in financial management, asset development and project management, and most recently served as finance VP and CFO of NEP Canada, where he helped...
Aug 21, 2019
Q2 upstream deal activity driven by corporate takeoversWhile still relatively quiet overall, there was a steady trickle of deals in the Canadian upstream deal market during Q2. The main story of the quarter was uncertainty in the future, both from ongoing weakness in commodity prices and regulatory doubts following a surprising leftward lurch in the government of Alberta. This led a number of smaller producers to find certainty by selling themselves to larger organizations, while buyers narrowed their attention to the highest-quality assets,...
Jul 10, 2015
Aspenleaf strikes again with $360 million Coral Hill dealMarking its second attempt to gain a foothold in the light oil-producing Swan Hills area of north-central Alberta, privately held Aspenleaf Energy has signed an arrangement agreement to acquire Coral Hill Energy Ltd. Coral Hill shareholders will be able to choose $2.80 or 2.8 Class A Aspenleaf common shares per Coral Hill share held, subject to a maximum of ~115.8 million Aspenleaf shares. Coral Hill is being advised by FirstEnergy Capital, which puts the deal value at $360 million on its...
Dec 09, 2014
InternationalDeals - People & Companies Briefs - October 17, 2016London investment firm Clayton, Dubilier & Rice hired former BG and Statoil CEO Helge Lund as an operating advisor to its funds. Lund oversaw BG’s sale to and integration with Shell. During his 10 years with Statoil, he oversaw the US$30 billion acquisition of Norsk Hydro’s oil and gas unit. He also served as CEO of engineering and construction firm Aker Kvaerner and as COO and CFO of the pharmaceutical business of healthcare and energy firm Hafslund Nycomed.ExxonMobil VP and...
Oct 17, 2016