Deloitte Sees Canadas Oilpatch as Ripe for Deals Once Turmoil Blows Over

A tanker loaded with the first cargo of Canadian liquefied natural gas departs from Kitimat, B.C., in this June 30, 2025 photo provided by LNG Canada. The Canadian Press/Handout LNG CanadaIt might be a busy market for mergers and acquisitions in Canada’s oilpatch later this year, provided the geopolitical mayhem eases enough for buyers and sellers to find common ground on price, says a partner at consulting firm Deloitte.In a report published Wednesday, Deloitte said deal activity seemed to be on the upswing heading into this year after a decade-long lull. But with the U.S.-Israel war on Iran shaking global oil markets, the outlook now is much more hazy.