Professional M&A intelligence for the energy transition
Equinor acquired Suncor Energy's UK for $850 million. The deal will add approximately 15,000 barrels of oil equivalent per day in equity share in 2023 and create synergies with Equinor’s existing operations.
Reliance New Energy Solar Limited (RNESL), a subsidiary of Reliance Industries, completed the acquisition of REC Solar Holdings AS from China National Bluestar (Group) Co. for $771 million enterprise value. REC Solar is one of the world's leading solar cell, panel, and polysilicon manufacturing companies, with industry-leading heterojunction (HJT) cell technology and 25 years of […]
Scatec ASA acquired SN Power AS, the international hydropower platform of Norfund (the Norwegian Investment Fund for Developing Countries), for $1.17 billion.
Hanwha Solutions acquired a 16.67 percent stake in Norwegian polysilicon producer REC Silicon ASAfor $160 million.
Aker BP ASA completed its combination with Lundin Energy's oil and gas business in a cash-and-share transaction valued at approximately $13.9 billion, creating one of the largest publicly listed pure-play E&P companies in Europe. Under the deal, Lundin shareholders received $2.22 billion in cash plus 271 million Aker BP shares.
DNO ASA, the Norwegian oil and gas operator, acquired 100 percent of the shares of Sval Energi Group AS from HitecVision for a cash consideration of $450 million based on an enterprise value of $1.6 billion.
Halliburton Company completed the acquisition of Optime Subsea, a Norwegian provider of subsea well intervention and installation technologies. The transaction expands Halliburton's subsea services offering with Optime's CITS (Compact Intervention Tubing Severance) and ROCS (Remotely Operated Controls System) technologies, addressing growing demand for cost-effective subsea well access globally.