France’s TotalEnergies is seeking to sell a third of its 60% stake in the Laggan Tormore gas field in the British North Sea, which is expected to raise around $300 million, six industry and banking sources said...
AGEL arm acquires 40 MW solar asset in Odisha
Adani Renewable Energy (MH) has acquired a 40 MW operating solar project in Odisha. “Adani Renewable Energy (MH) Energy Limited, a wholly-owned subsidiary of NSE 0.24 % Limited, has completed the acquisition of...
Russia’s Sibur, TAIF embark on completion of merger, eye IPO
Russia’s Sibur and TAIF on Friday entered the final stages of merging their petrochemical businesses as they gear up for an eventual initial public offering (IPO) of the combined entity. Dmitry Konov, head of Sibur...
Renewable gas producer Archaea surges in debut after SPAC deal
Shares of Archaea Energy jumped as much as 9.2% on the largest U.S. renewable natural gas producer’s debut on the New York Stock Exchange on Thursday, a sign of rising investor support for alternative, cleaner sources...
Promoters plan Sterling & Wilson solar stake sale
Shapoorji Pallonji-backed Sterling and Wilson Solar is said to be in sale talks with bulge-bracket private equity funds including Canadian funds such as Brookfield and CPPIB as well as Indian conglomerates such as Adani...
Enbridge buys N. America’s biggest oil export hub in $3-bln Moda deal
Canadian pipeline operator Enbridge Inc said on Tuesday it was buying logistics company Moda Midstream Operating LLC for $3 billion in cash, acquiring an export terminal in Texas that loaded more than a quarter of all U...
No takers for Videocon’s energy biz; September 30 new deadline for resolution
A consortium of lenders is yet to receive any bids for the sale of debt-laden Videocon group’s energy business, even though a couple of firms had expressed interest earlier. Following this, the Committee of Creditors...
Lenders fail to receive bids for Videocon group’s energy business
Lenders to Videocon group’s energy business have extended the deadline for submitting the resolution plan till 30 September after it failed to receive any bids from potential applicants, according to two bankers aware...
Iraq and Total sign $27 bln energy projects deal
France’s Total will build four giant energy projects in southern Iraq under a $27 billion deal signed in Baghdad on Sunday, the country’s oil minister said. The company will start with an initial investment...
UK’s Octopus buys Dulacca wind farm in Australia from RES
UK renewables investment firm Octopus Group has bought a 180 megawatt wind farm project in Queensland, Australia from Britain’s RES, the companies said on Tuesday. They did not disclose the sale price for the Dulacca...
Reliance Industries eyes billion-dollar REC buy from ChemChina for solar push
Reliance Industries (RIL) is close to acquiring REC Group, the largest solar panel manufacturer in Europe, for $1-1.2 billion from China National Chemical Corp (ChemChina), said people aware of the matter. The purchase...
ReNew Power completes merger with US-based RMG II
ReNew Power Pvt Ltd (ReNew Power) on Tuesday said it has completed “business combination” with US-based RMG Acquisition Corporation II (RMG II). ReNew Power in February had announced merger with blank-check...
