Professional M&A intelligence for the energy transition
Chevron completed the acquisition of all outstanding public common units of Noble Midstream Partners LP for $1.32 billion. The take-private transaction consolidated Chevron's gathering and processing assets in the DJ and Permian Basins.
Aramco completed the acquisition of a 10% strategic stake in Rongsheng Petrochemical Co. Ltd. for approximately $3.6 billion.
Aramco completed the acquisition of a 40% equity stake in Gas & Oil Pakistan Ltd. (GO). GO, a downstream fuels, lubricants and convenience stores operator, is one of the largest retail and storage companies in Pakistan.
The Saudi Arabian Oil Company (Aramco) completed the acquisition of the Valvoline (NYSE: VVV) global products business for $2.65 billion.
Iberdrola formed a joint venture with Kansai Electric Power on the 315 MW Windanker offshore wind project in the German Baltic Sea, with Kansai acquiring a 49% stake.
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.
Abu Dhabi National Energy Company PJSC (TAQA) announced the completion of its agreement to acquire Sustainable Water Solutions Holding.
ADNOC acquired Mubadala Investment's 24.9% stake in Austrian energy major OMV AG. Financial details were not disclosed.
Tokyo Gas America Ltd., a subsidiary of Tokyo Gas, decided to acquire all shares of Rockcliff Energy II, a portfolio company of Quantum Energy Partners, through its ownership interest in TG Natural Resources.
Hawaiian Electric Industries (NYSE - HE), the parent company of Pacific Current, announced the closing of the sale of Pacific Current's 60-megawatt Hamakua Energy Plant on Hawai'i Island to a subsidiary of Harbert Management Corp.