Devon Energy acquisition of Validus Energy : Devon Energy, an oil and gas producer focused on the Delaware Basin, has signed an all-cash deal worth $1.8 billion to acquire Eagle Ford Shale operator Validus Energy from Pontem Energy Capital and others. The deal gives the publicly-listed Devon Energy 42,000 net acres of acreage, in which […]
Diversified Energy Company has agreed to acquire certain upstream assets and associated facilities in Oklahoma and Texas from ConocoPhillips for $240 million. The acquisition will give Diversified Energy an interest in nearly 1,500 producing wells in an acreage of 250,000 net acres. It marks the sixth major acquisition for the company within the Central Region […]
Canadian natural gas producer Tourmaline Oil Corp. has signed a CAD 1.1 billion ($904.9 million) deal to acquire Black Swan Energy, a privately held Calgary-based energy company. The consideration is made up of 26 million shares of Tourmaline Oil Corp. and the assumption of net debt up to a maximum of CAD 350 million ($287.9 […]
Royal Dutch Shell has reached an agreement with Simply Blue Energy in late January to take part in the Emerald floating wind project in the Irish waters of the Celtic Sea. In this connection, the oil and gas giant will acquire a 51% stake in the Irish marine project developer Simply Blue Energy’s Simply Blue […]
German energy company RWE has agreed to sell a 51% stake in four of its onshore wind farms in Texas with a combined capacity of 861MW to a subsidiary of Canadian electric utility Algonquin Power & Utilities for nearly $600 million. The wind farms involved in the deal are the operating 201MW Stella Wind Farm […]
Italian oil and gas giant Eni is foraying into the UK offshore wind market by acquiring a 20% stake in the 2.4GW Dogger Bank offshore wind project A and B assets from Equinor and SSE Renewables for £405 million. Brief details of Dogger Bank offshore wind project The Dogger Bank wind project is being built, […]
Spanish energy company Naturgy has signed a deal to divest its 96.04% stake in Chilean electricity distribution company Compania General de Electricidad (CGE) for Chinese state company State Grid International Development Limited (SGI) for €2.57 billion. Established in 1905, Compania General de Electricidad supplies power to 45% of households in Chile. The company is also […]
First State Investments (FSI) has agreed to acquire a stake of 40% in US renewable energy company Terra-Gen from Energy Capital Partners (ECP) for an undisclosed price. Terra-Gen is engaged in developing, construction, and operation of utility-scale wind, solar, geothermal electrical generation, and energy storage facilities across the US. The renewable energy developer was set […]
The Carlyle Group, through its newly-established affiliate Acadia Renewable Energy, has acquired a portfolio of solar development projects, of more than 100MW, in Maine, US, from solar power producer BNRG. The acquired portfolio is made up of eight solar projects, which are being built across southern Maine with an overall investment of more than $130 […]
Foresight Group, a London-based private equity investment manager, has acquired a 94MW operating windfarm portfolio in Spain from German wind farm developer wpd, for an undisclosed price. The acquisition marks the second investment made by its subsidiary Foresight Energy Infrastructure Partners (FEIP). It is also the second acquisition from wpd, the first being a 50MW […]