Cenovus-Husky deal creates new Canadian oil major, stokes hunger for deals

Cenovus Energy’s acquisition of Husky Energy creates a new Canadian-owned major oil producer and lends the long-struggling oil patch greater stability during its biggest crisis in decades, with investors betting on further deals. The C$3.8 billion ($2.9 billion) combination announced Sunday, the largest Canadian oil and gas deal in nearly four years based on enterprise [Read more]

Source: BOE Report

Topaz Energy Corp. completes $230.5 million initial public offering

CALGARY, AB, – Topaz Energy Corp. is pleased to announce it has completed its previously announced initial public offering consisting of a treasury offering by the Company and a secondary offering by its majority shareholder Tourmaline Oil Corp. (“Tourmaline” or the “Selling Shareholder”) of an aggregate of 17,731,000 common shares (“Common Shares”) at a price [Read more]

Source: BOE Report

Commodity Tracker: 5 charts to watch this week

How is energy demand faring across different sectors and regions amid the evolving coronavirus pandemic? In this week’s Commodity Tracker, S&P Global Platts editors look at global aviation, Chinese fuels consumption, Brazilian power demand and European refining, as well as US LNG output.

1. Lift in air travel helps jet fuel but demand still far from normal


Global flights vs jet fuel demandWhat’s happening? ...

Source: Platts - The Barrel Blog News Feed