Professional M&A intelligence for the energy transition
Stonepeak acquired a majority stake in Ørsted's U.S. onshore wind portfolio of operating assets. The portfolio consists four U.S. onshore wind farms with a total capacity of 957 MW. It includes four wind farms across three states: the Ford Ridge Wind project in Illinois, the Helena Wind and Western Trail Wind projects in Texas, and […]
Nova Clean Energy announced the acquisition of HyFuels, a more than 1 gigawatt portfolio of mid-to-late-stage wind and solar development projects as well as an earlier stage green ammonia project. HyFuels is located on the Texas Gulf Coast. HyFuels has a current project footprint of about 25,000 acres. Nova acquired HyFuels from BNB Renewable Energy, a […]
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 […]
Serica Energy Plc (AIM: SQZ) has completed the acquisition of Prax Upstream Limited (PUL) from Prax Exploration & Production. The deal involved a payment of £14.5 million ($18.9 million), with Serica also assuming $34 million in cash held by PUL. The acquisition adds the Lancaster field, currently producing about 5,900 barrels of oil equivalent per […]
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 […]
Sempra (NYSE: SRE) agreed to sell a 45% equity interest in Sempra Infrastructure Partners, an energy infrastructure platform, to affiliates of KKR, with Canada Pension Plan Investment Board. Subject to adjustments, the deal proceeds of $10 billion implies an equity value of $22.2 billion and an enterprise value of $31.7 billion for Sempra Infrastructure Partners. Before adjustments, Sempra is […]
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 […]