Oil and Gas
Baytex Energy Acquires Ranger Oil
Baytex Energy closed its acquisition of Ranger Oil Corp. for around $2.5 billion, which included net debt of approximately US$650 million.
Acquisition
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Power and Utilities
Adani Group Acquires Holcim's Cement and Energy Operations in India
Adani Group completed the acquisition of Holcim's Indian cement businesses ACC and Ambuja Cements in September 2022 in a transaction valued at $10.5 billion.
Renewable Energy
Masdar Acquires Saeta Yield
Masdar completed the acquisition of Saeta Yield from Brookfield Asset Management for approximately $1.4 billion. Saeta Yield owns 745 MW of operating wind capacity and 538 MW of operating solar capacity.
Oil and Gas
Aramco Acquires Valvoline's Global Products Business
The Saudi Arabian Oil Company (Aramco) completed the acquisition of the Valvoline (NYSE: VVV) global products business for $2.65 billion.
Renewable Energy
Chevron Acquires Renewable Energy Group
Chevron completed its acquisition of Renewable Energy Group (REG) for $61.50 per share in an all-cash transaction valued at about $3.15 billion, or approximately $2.75 billion net of cash acquired. REG was the largest U.S. producer of biodiesel and a producer of renewable diesel.
Renewable Energy
Equinor ASA Acquires BeGreen A/S
Equinor ASA acquired Danish solar developer BeGreen A/S, marking the company's entry into European utility-scale solar development.
Energy Technology
Plug Power Acquires Joule Processing
Plug Power acquired Joule Processing, a Texas-based engineering and process design firm, for approximately $160 million in cash and stock.
Energy Technology
Linde plc Acquires nexAir LLC
Linde (NYSE:LIN; FWB:LIN) acquired the remaining interests in nexAir LLC, one of the largest independent packaged gas distributors in the U.S. with 2022 sales of approximately $400 million.
Renewable Energy
Squadron Energy Acquires CWP Renewables
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.
Renewable Energy
Adani Green Energy Acquires SB Energy India
Adani Green Energy completed the acquisition of SB Energy India from SoftBank Group and Bharti Group for an enterprise value of $3.5 billion.