Italian energy group Eni has completed the sale of a 30% stake sale in the Ivory Coast’s Baleine offshore project to global commodity trader Vitol, it said in a statement on Thursday. The Baleine project is now...
Saipem’s investors approve merger with Norwegian oil contractor Subsea7
Shareholders in Italy’s Saipem approved on Thursday a planned merger with Norwegian rival Subsea7, paving the way to the creation of a leading global player in offshore energy services. All the investors attending...
Waaree Energies to pick up 76% in smart electric meters company Racemosa for Rs 53 crore
Solar PV module maker Waaree Energies on Friday said it will acquire a 76% stake in Racemosa Energy India for ₹53 crore. Founded in 2018, Racemosa Energy India is a Maharashtra-based manufacturer of smart electric...
Statkraft signs agreement to sell solar, wind projects in India to Serentica
Statkraft, Europe’s largest producer of renewable energy, has signed an agreement to sell parts of its renewable energy portfolio in India to Serentica Renewables. The agreement with Serentica Renewables includes a...
Waaree Energies acquires 64% stake in Kotsons Private Ltd to enter the transformers business
Waaree Energies Limited, India’s largest solar module manufacturer, has acquired a 64% equity stake in Kotsons Private Limited through a primary capital infusion of about Rs 192 crores, making Kotsons a subsidiary of...
ExxonMobil considers sale of European chemical plants, FT reports
ExxonMobil is seeking to offload its European chemical plants in the UK and Belgium as the sector reels from the impact of U.S. tariffs and competition from China, the Financial Times reported on Thursday, citing people...
Waaree Energies to acquire 64% stake in Kotson’s for Rs 192 crore
Waaree Energies on Tuesday said that its board has approved a proposal to acquire a 64 per cent equity stake in Kotson’s Pvt Ltd for a total consideration of Rs 192 crore. Kotson’s Private Limited...
Crescent Energy nears deal for US shale peer Vital Energy, sources say
Crescent Energy is in advanced talks to acquire smaller peer Vital Energy, people familiar with the matter said on Friday, in a deal that would give the energy producer an extensive position in the Permian Basin. Terms...
Cenovus to acquire MEG Energy in C$7.9 billion oil sands expansion deal
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...
