Canada

North Sea

Taqa mulls sale of assets in UK and Canada

Taqa is considering options for its oil and gas assets in the UK and elsewhere, including a potential sale, as the state-owned utility focuses more on power generation, people familiar with the matter said.

Americas

Deal with Li Ka-shing gives Canadian oil giant a Biden hedge

Cenovus Energy Inc. is getting more than just a rival Canadian oil producer with its acquisition of Husky Energy Inc. It’s also shoring up its defenses against an anti-oil sands movement that could get a boost if Joe Biden is elected as the next president of the U.S.

Americas

Cenovus to create Canada oil giant with $2.9bn Husky deal

Cenovus Energy Inc. agreed to buy Husky Energy Inc. in a C$3.8 billion ($2.9 billion) all-stock deal that will combine two of the largest players in Canada’s beleaguered oil-sands industry, which is struggling after the slump in crude prices.

Oil & Gas

European gas demand under pressure

The impact of coronavirus has not been felt as strongly by the gas industry as oil, Rystad Energy’s CEO Jarand Rystad has said, although increasing LNG production seems set to keep prices under pressure this year.