Professional M&A intelligence for the energy transition
Diamondback Energy (NASDAQ: FANG) subsidiary Viper Energy acquired certain mineral and royalty interests from subsidiaries of Diamondback Energy in a drop-down transaction valued at about $4.45 billion. The deal includes $1 billion in cash and approximately 69.6 million operating company units issued by Viper's operating subsidiary. The OpCo units will be issued alongside an equal […]
Shell plc has completed the sale of its Singapore Energy and Chemicals Park to CAPGC Pte. Ltd., a joint venture between Chandra Asri Capital Pte. Ltd. and Glencore Asian Holdings Pte. Ltd. The transaction was executed through the sale of shares in Aster Chemicals and Energy Pte. Ltd., a subsidiary of Shell Singapore, transferring ownership […]
Shell completed the sale of Shell Petroleum Development Company of Nigeria Ltd. (SPDC) to Renaissance. Renaissance now controls SPDC's 30% stake in the SPDC JV, an unincorporated joint venture with the government-owned Nigerian National Petroleum Corporation (55%), Total Exploration and Production Nigeria Ltd (10%) and Agip Energy and Natural Resources (Nigeria) Limited (5%). SPDC, which […]
Energetický a průmyslový holding, a.s. (EPH) completed the acquisition of an additional 50% stake in Slovak Power Holding B.V. (SPH) from Enel Produzione S.p.A. EPH now owns a 100% stake in SPH, which in turn owns a 66% majority stake in Slovenské elektrárne, a.s. (Slovenské elektrárne), Slovakia’s largest electricity producer. Slovenské elektrárne generated 20.8 TWh […]
Phillips 66 (NYSE:PSX) subsidiary Phillips 66 Continental Holding GmbH agreed to divest a 65% interest in its Germany and Austria retail marketing business, including JET-branded sites. The buyer is a consortium owned by subsidiaries of investment firms Energy Equation Partners and Stonepeak. Phillips 66 will retain a non-operated 35% interest in the business through a […]
DT Midstream (NYSE: DTM) acquired a portfolio of three FERC-regulated natural gas transmission pipelines from ONEOK (NYSE: OKE) for $1.2 billion. The pipelines have a total capacity of more than 3.7 Bcf/d with approximately 1,300 miles across seven states in the attractive Midwest market region. DT Midstream bought 100% operating ownership in Guardian Pipeline, Midwestern […]
Infinity Natural Resources (NYSE: INR) acquired upstream and midstream assets in the Ohio Utica Shale from Antero Resources and Antero Midstream for $1.2 billion. The addition of these assets will enhances the company's position in the core Ohio Utica Shale, adding approximately 71,000 net horizontal acres in the core of the Utica Shale concentrated in […]
Denmark-based Ørsted completed the divestment of a 50% stake in its 2.9 GW Hornsea 3 offshore wind farm to Apollo-managed funds. The deal is valued at about DKK 39 billion (around $5.9). It covers the acquisition of a 50 % equity ownership share and the commitment from Apollo to fund 50 % of the payments […]
ERS Infrastructure closed €770 million in new debt facilities at Borealis Spain Parent B.V., the holding company for OMERS ~25% stake in Exolum. Exolum is a Spanish-headquartered global energy logistics infrastructure company providing specialised solutions to support the energy transition in which OMERS has been directly invested since 2016. The company owns the transmission pipeline […]
Sunoco LP (NYSE: SUN) and SunocoCorp LLC (NYSE: SUNC) acquired TanQuid GmbH & Co. KG for about €500 million, including approximately €300 million of assumed debt. TanQuid is Germany's largest independent terminal operator with a portfolio of 15 terminals located in Germany and one terminal located in Southwestern Poland. This infrastructure serves an important role […]