Professional M&A intelligence for the energy transition
Reliance Industries acquired 100% of the equity in MSKVY Nineteenth Solar SPV Limited and MSKVY Twenty-second Solar SPV Limited from MSEB Solar Agro Power Limited.
Vista Energy, S.A.B. de C.V. subsidiary Vista Energy Argentina S.A.U acquired 100% of the capital stock of Petronas E&P Argentina S.A., which holds a 50% working interest in La Amarga Chica unconventional concession, located in Vaca Muerta, Argentina, from Petronas Carigali Canada B.V. and Petronas Carigali International E&P B.V.
Scatec ASA acquired SN Power AS, the international hydropower platform of Norfund (the Norwegian Investment Fund for Developing Countries), for $1.17 billion.
ProFrac Holding completed the acquisition of U.S. Well Services in a stock-and-cash transaction valued at approximately $316 million.
Williams Companies acquired NorTex Midstream, a natural gas pipeline and storage asset located in north Texas, from an affiliate of Tailwater Capital for $423 million. NorTex owns three natural gas storage facilities in North Texas with combined working gas capacity of 36 Bcf and approximately 80 miles of pipelines.
Kinder Morgan completed the acquisition of STX Midstream from NextEra Energy Partners for $1.82 billion. STX Midstream owns approximately 462 miles of natural gas pipelines including the Eagle Ford Express system and the Carrizo Pipeline serving Eagle Ford, South Texas, and Mexican demand markets.
Eaton completed its $600 million acquisition of Royal Power Solutions in 2022. Royal Power Solutions designs and manufactures high-precision electrical connectivity components used in EV powertrains, battery systems, and broader electrical connectivity applications.
Shell completed the acquisition of Pavilion Energy from Temasek Holdings in April 2025. Pavilion is a Singapore-based LNG trading and supply business with a contracted LNG supply portfolio of approximately 6.5 million tonnes per year.
Repsol completed the acquisition of U.S. renewables developer ConnectGen from Quantum Capital Group in December 2023 for $768 million plus contingent payments.
Engie completed the acquisition of two hydropower plants in Brazil. The acquisition of the Santo Antônio do Jari Hydropower Plant in the states of Amapá and Pará and the Cachoeira Caldeirão Hydropower Plant in the state of Amapá, will add a further 612 MW of installed capacity to the company's generator park.