M&A Deal Summary |
|
|---|---|
| Date | 2022-08-05 |
| Target | Suncor Energy Norge |
| Sector | Energy Services and Equipment |
| Buyer(s) | Sval Energi |
| Sellers(s) | Suncor |
| Deal Type | Divestiture |
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Sval Energi was established with the aim of building an energy company with a broad asset base. Currently, Sval Energi holds interests in Gassled, an offshore gas transmission system, and in the Polar led pipeline. As a new generation energy company, Sval sees the need to reduce the industry’s carbon footprint, the world's need for clean energy and also recognizes the profitable business opportunities that arise in the ongoing energy transition. Sval Energi is based in Stavanger, Norway.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Divestiture) | 3 of 3 |
| Country (Norway) | 4 of 4 |
| Year (2022) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-12-08 |
Spirit Energy Norway
Stavanger, Norway Spirit Energy Norway is an independent exploration and production company, based in Stavanger, Noway. |
Buy | $1.1B |
| Category | Company |
|---|---|
| Founded | 1917 |
| Sector | Energy Services and Equipment |
| Employees | 14,906 |
| Revenue | 52.2B CAD (2023) |
Suncor is an integrated energy company. Suncor's operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing under the petro-canada brand. Suncor was incorporated in 1917 and is based in Calgary, Alberta.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Divestiture) | 4 of 4 |
| Country (Norway) | 1 of 1 |
| Year (2022) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-18 |
Svante
Burnaby, British Columbia, Canada Svante offers companies in emissions-intensive industries a commercially viable way to capture large-scale CO2 emissions from existing infrastructure, either for safe storage or to be used for further industrial use in a closed-loop. With the ability to capture CO2 directly from industrial sources at less than half the capital cost of existing solutions, Svante makes industrial-scale carbon capture a reality. Svante is based in Burnaby, British Columbia. |
Buy | - |
