Canada’s Cenovus Energy announced on Friday it will acquire MEG Energy in a C$7.9 billion ($5.68 billion) cash-and-stock deal, ending weeks of speculation that it would emerge as a white knight for MEG, which is...
Cenovus in talks with Canadian Indigenous groups to buy MEG Energy, Bloomberg News reports
Cenovus Energy is in talks with Canadian Indigenous groups to jointly buy MEG Energy, Bloomberg News reported on Tuesday, citing people familiar with the discussions. A group of First Nations and Metis communities...
Australia’s Santos extends due diligence deadline for $18.7 billion ADNOC-led offer
Santos said on Monday it had extended the period of exclusive due diligence to an international consortium led by Abu Dhabi’s National Oil Company (ADNOC), which had offered $18.7 billion for Australia’s...
Chevron share rises as it clinches Hess acquisition after winning Exxon legal battle
Chevron has officially closed its massive $55 billion acquisition of Hess, sealing the deal just days after winning a pivotal arbitration battle against Exxon Mobil. The long-awaited transaction not only strengthens...
Inox Neo Energies acquires Skypower Solar India
Inox Clean Energy on Monday said its arm, Inox Neo Energies, has completed the acquisition of Skypower Solar India for an enterprise value of Rs 265 crore. Skypower Solar India has a portfolio comprising 50 MW (AC)/ 57...
AM Green to buy 17.5% stake in Greenko from Orix for $1.28 billion
Japanese financial group Orix Corporation has agreed to sell its 17.5% equity stake in Greenko Energy Holdings for $1.28 billion to AM Green (AMG), an entity promoted by Greenko co-founders Anil Chalamalasetty and...
Edelweiss Infra fund eyes exit from solar asset venture with Engie
Edelweiss Infrastructure Yield Plus (EIYP), a fund managed by the Edelweiss Group, is planning to sell its entire 74% stake in the 1.2 GW solar platform it co-owns with French utility Engie and has mandated Standard...
NCLT clears merger of Inox Wind units
Inox Wind Energy Limited (IWEL) on Wednesday said it has received final approval from the National Company Law Tribunal, Chandigarh bench, for its merger with Inox Wind Limited (IWL). The merger is seen as an important...
British Columbia Investment buys stake in KKR’s Pinnacle Towers
Global investment firm KKR said on Monday that British Columbia Investment Management Corp (BCI) will acquire a minority stake in Pinnacle Towers, an Asia-based digital infrastructure platform with a focus on the...
ONEOK buys remaining stake in Delaware Basin JV for $940 million
U.S. pipeline operator ONEOK (OKE.N) said on Tuesday that it had bought the remaining stake in Delaware Basin JV from NGP XI Midstream Holdings in a cash-and-stock deal valued at $940 million. By acquiring the remaining...
Shell-BP merger’s key ingredient is time
Wael Sawan must feel like it’s Groundhog Day. In recent weeks Shell’s (SHEL.L) chief executive has been fielding one question over and over again: whether he’s considering merging his $198 billion group with struggling...
Shell to buy TotalEnergies’ stake in Nigeria deepwater field for $510 million
TotalEnergies has signed an agreement with Shell to sell its 12.5% interest in the Bonga oil field, offshore Nigeria, for $510 million. The OML118 Production Sharing Contract (PSC) is located deep offshore at ~74 mi...
