Energy acquisition news : US electric and natural gas utility CenterPoint Energy has struck a deal of about $6 billion to acquire its rival natural gas utility Vectren. CenterPoint acquisition of Vectren is expected to result in a top energy delivery, infrastructure and services company catering to over 7 million customers in the US. The […]
Energy acquisition news : EnergyAustralia has agreed to acquire Ecogen Energy, the owner of the 510MW Newport gas-fired power plant and the 440MW Jeeralang gas-fired power plant, for AUD 205 million ($157.38 million). The Australian power and gas utility will buy Ecogen Energy and its 950MW gas-fired power plants in Victoria from IFM Investors, an […]
Eni has signed a couple of concession agreements to acquire a stake of 5% and 10% in the Lower Zakum offshore oil field and the Umm Shaif and Nasr oil, condensate and gas offshore fields, respectively in offshore Abu Dhabi for a price of around $875 million. The stakes bought from ADNOC are for duration […]
Oil and gas industry news : Italian oil and gas company Eni has struck a deal to divest a stake of 10% in the Shorouk concession, offshore Egypt, containing the super-giant Zohr gas field to Mubadala Petroleum for a sum of $934 million. The UAE-based Mubadala Petroleum is a 100% owned subsidiary of Mubadala Investment […]
Energy acquisition news : Engie North America has signed a deal to acquire SoCore Energy, a Chicago-based solar energy company from Edison International for an undisclosed price, in a move to expand its solar portfolio in the US. Engie acquisition of SoCore Energy includes 150MW of solar power assets that are either in operation or […]
Energy acquisition news : The Australian government has struck a deal worth more than AUD6 billion ($4.65 billion) with the New South Wales (NSW) and Victorian governments to buy out their stakes in Snowy Hydro, an Australian hydropower company. Snowy Hydro has a hydro power generation of 5,500MW, which includes the Snowy Mountains Scheme that […]
Energy acquisition news : Northstar Offshore Ventures has purchased certain oil and gas assets located in the outer continental shelf of the Gulf of Mexico from PetroQuest Energy. Based in Texas, Northstar Offshore Ventures is a 100% owned subsidiary of Orinoco Natural Resources, a Virginia-based natural resources company. The assets acquired by Northstar Offshore Ventures […]
Energy acquisition news : Investment company Actis has acquired a 110MW solar power plant in Chile named as the El Pelicano Solar Plant from California-based solar energy company SunPower. Financial terms of Actis acquisition of El Pelicano solar power project were not disclosed. The relatively new solar plant in Chile, which uses SunPower Oasis power […]
Wind industry news : Quinbrook Infrastructure Partners has acquired six operating US wind farms with a combined capacity of 223MW from subsidiaries of NextEra Energy Resources for an undisclosed price. The wind farms that are part of the transaction are located in Pennsylvania, California and West Virginia, and range from 9 to 66MW, as per […]
Energy acquisition news : Brookfield Business Partners alongside its institutional partners has struck a deal to acquire bankrupt US-based nuclear power company Westinghouse Electric Company from Japanese conglomerate Toshiba Corporation for $4.6 billion. As per the deal terms, the Bermuda-based asset management company will purchase almost all of Westinghouse Electric’s global business as well as […]