U.S. shale producer BKV Corp is acquiring a Texas power generator for $430 million in a move that leverages its gas production to generate electricity, the company told Reuters. The deal comes as Texas tries to...
Energy
Reliance Industries, Bill Gates, others invest $144 million in US energy storage company Ambri Inc
Reliance Industries, along with other strategic investors like Paulson & Co Inc and tech mogul Bill Gates, has invested $ 144 million in US-based energy storage company Ambri Inc, the former announced late Monday in...
Papua New Guinea premier sees value in Santos-Oil Search merger
Papua New Guinea Prime Minister James Marape said on Thursday Australian firm Santos Ltd’s potential A$8.4 billion ($6.2 billion) takeover of local company Oil Search could produce high value for the country but...
Enel agrees to buy hydro assets from Italy’s ERG in 1 billion euro deal
Enel said it has agreed to buy hydroelectric assets from Italian renewable energy group ERG in a deal worth one billion euros ($1.19 billion). Enel’s statement confirmed what sources told Reuters earlier on Monday...
Engie to whittle down majority stake in gas network – sources
French energy group Engie is poised to sell part of its majority stake in gas network group GRTgaz to CNP Assurances and Caisse des depots, two state-backed bodies which will increase their holdings, two sources close...
JSW Energy to seek shareholder approval to raise up to Rs 5,000 crore
JSW Energy on Wednesday said it will seek shareholders approval to raise up to Rs 5,000 crore via equity shares, bonds and other such securities in its annual general meeting on August 4, 2021. The proposed resolution...
Thailand’s GPSC buys 42% in Avaada Energy for Rs 33.88 billion
Thailand based utility-Global Power Synergy Public Company (GPSC) has acquired 41.6% stake in India’s green energy company Avaada Energy Private for Thai Baht 14.82 billion (Rs 33.88 billion). GPSC’s subsidiary Global...
Saudi firm Alfanar acquires wind turbine maker Senvion India
Saudi Arabia-based Alfanar has completed 100 per cent acquisition of wind turbine maker Senvion India for an undisclosed sum. “Alfanar has today announced its entry into Indian energy sector through 100 per cent...
CCI approves Adani Green’s acquisition of entire stake in SB Energy
Fair trade regulator CCI on Wednesday approved the acquisition of entire shareholding in SB Energy by Adani Green Energy Ltd. In May, Adani Green Energy had said it has inked share purchase agreements with SoftBank...
Gazprom Export acquires Centrex gas trader from Gazprombank
Russia’s Gazprom Export has finalised its acquisition of trading group Centrex Europe Energy & Gas AG from Gazprombank, it said on Wednesday. It did not reveal the details of the deal. Russian President Vladimir...
Brazil’s Raizen to acquire Shell’s lubricant business in Brazil – filing
Brazilian energy company Raizen, a joint venture between Royal Dutch Shell Plc and local group Cosan SA, has agreed to acquire Shell’s lubricant businesses in Brazil, including a blending plant and a terminal in the...
Mercuria-backed Tailwind buys BP stake in Shearwater UK oilfield
Tailwind, a private oil producer backed by commodity trader Mercuria, has agreed to buy BP’s 27.5% stake in the Shearwater oilfield in the British North Sea, it said on Monday. BP had previously agreed to sell the...
