Wednesday, 7 October 2026

Ithaca Energy agreed to buy stakes held by Suncor in the Terra Nova and White Rose fields off Canada, according to Offshore Magazine.

The purchase is Ithaca Energy's first international acquisition, Offshore Magazine reported.

The assets carry 103 MMboe of proved and probable reserves, according to Offshore Magazine. The fields also leave room for future infill drilling, step-out wells, and exploration, Offshore Magazine reported.

The stakes include the West White Rose development and assets with an estimated reserve life of about 17 years, according to Offshore Magazine.

Cenovus Energy plans to pay about CAD 5.7 billion to acquire Athabasca Oil Corp, according to Oil & Gas Journal.

The deal would add roughly 45,000 boe/d to Cenovus Energy's production, Oil & Gas Journal reported.

The transaction is expected to be funded roughly 70% with cash and 30% with Cenovus shares, and should close by the end of this year, according to Oil & Gas Journal.

Centalion Group, previously Gunvor Group Ltd., has bought upstream and midstream natural gas assets stretching across Texas and Louisiana from Silver Hill Energy Partners, Oil & Gas Journal reported.

Silver Hill, based in Dallas, runs a Haynesville and Bossier position that pumps about 300 MMcfd net across roughly 72,000 net acres, with about 300 gross operated development locations still to drill, according to Oil & Gas Journal.

The deal also hands Centalion midstream and saltwater-disposal capacity, long-term gathering and transportation contracts, and flow-assurance infrastructure tied to the acreage.

The purchase follows Centalion's financial backing earlier this year of Western Natural Resources' acquisition of Haynesville gas-producing assets, and the company said it fits its Gulf Coast natural gas focus.

Iberdrola surpassed NextEra Energy as the world's largest power provider by market capitalization on Tuesday, reaching above EUR 141 billion, according to Semafor Net Zero.

The Spanish electric utility and renewable energy developer edged past the Florida-based company to take the top spot, Semafor Net Zero reported.

A spokesperson attributed Iberdrola's growing strength to its broader global footprint, which includes assets in Europe, North and South America, and Australia, according to Semafor Net Zero.