Professional M&A intelligence for the energy transition
Phillips 66 made a $150 million strategic minority investment in Australian battery materials company NOVONIX in August 2021, acquiring approximately 16 percent of the company. NOVONIX produces synthetic graphite anode materials for lithium-ion batteries from its Tennessee facility.
Squadron Energy, owned by Australian billionaire Andrew Forrest's Tattarang, completed the acquisition of CWP Renewables for approximately A$4 billion, creating one of Australia's largest renewable energy platforms.
Macquarie Asset Management acquired DE Shaw Renewable Investments (DESRI) in 2024 in a transaction valued at approximately $1.7 billion. DESRI manages a 6 GW portfolio of operating solar, wind, and storage projects across the U.S.
Saudi Aramco acquired a strategic minority stake in MidOcean Energy from EIG for $500 million in September 2023, marking Aramco's first international LNG investment. MidOcean is acquiring interests in four Australian LNG projects.
Woodside Energy completed its $900 million acquisition of Tellurian and the Driftwood LNG project on the U.S. Gulf Coast in October 2024. The deal gives Woodside the fully permitted 27.6 mtpa Driftwood LNG export development site in Louisiana. Driftwood LNG is a fully permitted, pre-final investment decision development opportunity located near Lake Charles, Louisiana. The […]
Woodside Energy completed its all-stock merger with BHP's petroleum business in June 2022 to create one of the world's top 10 independent E&P companies by production. The combined entity was valued at approximately $28 billion and produces approximately 200 mmboe annually.
ConocoPhillips (NYSE: COP) acquired a 10% shareholding interest in Australia Pacific LNG (APLNG) from Origin Energy for $1.65 billion. The ConocoPhillips subsidiary now owns a 47.5% interest in APLNG, with Origin Energy and Sinopec owning 27.5% and 25% interests, respectively. Based on the new 47.5% ownership interest and a full-year average Brent price of $78 […]
MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by EIG, acquired Tokyo Gas Co., Ltd.'s interests in a portfolio of Australian integrated LNG projects. The acquisition includes Tokyo Gas' interests in the Gorgon LNG, Pluto LNG and Queensland Curtis LNG projects. The portfolio benefits from experienced operators, including Chevron, Woodside and Shell, […]
Sembcorp Industries Ltd. and Chow Tai Fook Enterprises Limited agreed to acquire 100% of Australia's energy retailer and generator Alinta Energy Pty Ltd. for an around A$6.5 billion. The acquisition will give Sembcorp a major platform in Australia's energy market, combining Alinta's generation and retail operations with Sembcorp's global renewables capabilities to accelerate clean energy […]
AGL Energy sold 19.9% of its 20% equity in Tilt Renewables (Tilt) to existing shareholders and other entities led by the Queensland Investment Corporation (QIC) and the Future Fund for $750 million. AGL's investment in Tilt had a carrying value of $321 million as at June 30 2025, and the transaction is expected to result […]