(EnergyAsia, August 19, Tuesday) — Shell’s C$5.9 billion takeover of Canada’s Duvernay Oil could trigger more mergers and acauisitions in the country’s oil sector. (US$1=C$1.06). Duvernay produces some 25,000 barrels of oil equivalent (BOEs)/ day, about 90% of it as natural gas. It plans to boost output to 70,000 BOE/ day by 2012. The company,…
CANADA: More deals could follow Shell’s takeover of Duvernay Oil
Posted on August 18, 2008 by EnergyAsia