Acquiring Company
Ithaca Energy
Acquired Company
Suncor Energy
Aberdeen
CalgaryEnergyOil And GasEnergyOil And GasRenewable EnergyBiomass Energyoil & energyDescription
Ithaca Energy PLC has entered an agreement to acquire offshore oil assets from Suncor Energy Inc. for $860 million, with potential additional consideration related to oil prices. The acquisition aims to expand Ithaca Energy's operational footprint in East Coast Canada, adding substantial production and reserves. This marks Ithaca Energy's first international acquisition and aligns with its growth strategy to diversify its asset base.
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Frequently asked
Who acquired Suncor Energy?
Suncor Energy was acquired by Ithaca Energy, based in Aberdeen. The deal was reported on October 5, 2026. Ithaca Energy is a British oil and gas company developing fields in the North Sea. The company focuses on increasing value and production through the acquisition of high-quality assets. Ithaca Energy is publicly traded (ITHEY) and operates in Energy.
When did Ithaca Energy acquire Suncor Energy?
Ithaca Energy's acquisition of Suncor Energy was reported on October 5, 2026. Ithaca Energy PLC has entered an agreement to acquire offshore oil assets from Suncor Energy Inc. for $860 million, with potential additional consideration related to oil prices. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Suncor Energy do?
Suncor Energy Inc. is a Canadian oil-sands producer and integrated energy company. The company is involved in the development and production of oil and gas, and the generation of renewable energy. It is publicly traded (SU), operating in Energy, and is based in Calgary.
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