United Bankshares acquisition of Carolina Financial : United Bankshares, the parent company of United Bank, has signed a deal worth around $1.1 billion to acquire Carolina Financial, the parent company of CresCom Bank. Carolina Financial, based in Charleston, South Carolina, has approximately $3.9 billion in assets and its subsidiary CresCom Bank has 62 locations in […]
Advisor Group acquisition of Ladenburg Thalmann : Advisor Group, a US wealth management company, has agreed to acquire Ladenburg Thalmann Financial Services, a publicly-traded diversified financial services company, for around $1.3 billion. According to the terms of the transaction, Advisor Group will buy each of the shares of Ladenburg Thalmann for $3.50 in cash, which […]
Zurich Insurance Group has completed its previously announced 80% stake acquisition in Asuransi Adira Dinamika Insurance (Adira Insurance), an Indonesian property and casualty insurer. The Swiss insurer acquired the stake from Bank Danamon Indonesia and an undisclosed minority stakeholder in a deal worth up to IDR6.15 trillion (about $414 million at the time of signing […]
Woodside Petroleum and its partners have submitted the development and exploitation plan and exploitation authorization request for the Sangomar oil field to Senegalese authorities. The Sangomar field, which was formerly known as SNE field, was discovered in 2014. The Senegalese oil field, which is contained in the Rufisque, Sangomar and Sangomar Deep Blocks, spans 7,490km² […]
The European Bank for Reconstruction and Development (EBRD) is providing support to Egypt’s greener oil and gas sector with a $50 million loan to upgrade the oil refinery owned by Suez Oil Processing Company (SOPC). The proceeds from the loan will be utilized for improvements of the operational efficiency of the Egyptian oil refinery which […]
Edison will invest €370 million to develop the Presenzano thermoelectric power plant, a 760MW natural gas-powered thermoelectric power plant in the Italian province of Caserta. The Italian energy company has given a contract to Ansaldo Energia for the construction of the Presenzano power project in Presenzano. The new thermoelectric power plant will feature an Ansaldo […]
Infrastructure and Energy Alternatives (IEA) has revealed winning of a construction contract for the 300MW Thunderhead Wind Energy Center (Thunderhead Wind Project) in Nebraska, US from Invenergy. The Thunderhead wind farm is being developed by Invenergy in the Antelope and Wheeler counties. Work on the Nebraska wind farm began in November 2019 with completion expected […]
German energy company innogy has given a contract to marine specialists Partrac for its 857MW Triton Knoll offshore wind farm in the UK, as per the wind industry news. Under the contract, the UK-based coastal and marine geoscience company will supply, install and maintain navigation and metocean equipment for the offshore wind project whose offshore […]
Southeastern Trail expansion project FERC approval : The Williams Companies has been granted a certificate of public convenience and necessity for the Southeastern Trail project from the US Federal Energy Regulatory Commission (FERC). Southeastern Trail is an expansion of the Transco pipeline system aimed at giving additional pipeline capacity to cater to the Mid-Atlantic and Southeastern […]
Aker Solutions and EDP Renewables are joining forces with Wind Power Korea to develop a floating wind farm in South Korea, which will have an initial capacity of 500MW. The floating wind project will be built off the coast of Ulsan Metropolitan City. The consortium formed by the companies follows the investment made by EDP […]