Cold Winter Temperatures Give Rise to a Hot M&A Market for the Canadian Oil and Gas Sector


It was the biggest deal of 2012: Chinese state-owned firm CNOOC Limited’s takeover of Calgary oil and gas producer Nexen Inc. Although there were a total of 260 deals closed over the course of the year, it was CNOOC Limited’s CDN$14.95 billion transaction and another megadeal — PETRONAS’ CDN$5.5 billion acquisition of Progress Energy — that helped lift 2012 transaction values to approximately CDN$49.5 billion.
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Oil and Gas: Mid-Year Job Trend Report


As 2013 is viewed (quantifiably) as a drastic reduction in M&A activity down to $205 billion from $349 billion in 2012, it did have an interesting effect on positions related both to the deal market as well as operating market in job growth for 2014. Many experts came into 2014 predicting that we will not necessarily reach the marks set in 2012, we will see an increase over 2013. Mid-year data suggests that we are on that path.
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The Time is Right to Build a Stronger Workforce


New strategy needed to develop operations employees
 
In recent years, the energy industry has focused significant attention and resources on developing the next generation of scientists and engineers. The ongoing effort to support science, technology, engineering and math study and career choices– appears to be paying off.
 
But is the energy industry falling behind in developing another component of its workforce, one that is arguably just as important?
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What Next for Advanced Analytics?


It would be difficult to argue with the success that upstream exploration companies have enjoyed in the past century. But is that an argument against change? After all, given that success, why should companies continue to innovate and adapt? The business models in practice years ago are rapidly shifting due to the influx of new technology and data. In a way, the past has set the stage for the next act, as a prologue does in a play.
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