Canada’s Secure Energy Services Inc said on Tuesday it would buy waste management services firm Tervita Corp in an all-stock deal valued at C$478 million ($379.5 million), the latest consolidation in the country’s oil...
QEP shareholder rejects Diamondback’s proposed buyout offer
QEP Resources Inc shareholder Glazer Capital LLC on Tuesday rejected Diamondback Energy’s proposed acquisition of QEP, calling the deal value “materially inadequate.” Glazer Capital, which owns about 5.7% of QEP’s...
Eni could list minority stake in new retail-renewable business – source
Energy group Eni is looking to spin off its new retail and renewable energy business next year and could list a minority stake to raise money to bankroll the company’s energy transition, an industry source close to the...
Mytrah Energy explores merger for SPAC listing
Mytrah Energy India Pvt. Ltd is exploring a merger with other green energy firms in India to create a bigger entity ahead of a US listing plan through the special purpose acquisition company (SPAC) route option, said...
Brazil’s antitrust watchdog approves ethanol co Biosev acquisition by Raizen
Brazil’s antitrust watchdog CADE approved the acquisition of ethanol producer Biosev SA by Raizen, a joint venture between Brazilian ethanol producer Cosan SA and Royal Dutch Shell PLC. The cash and stock deal was...
Total sells part of wind and solar portfolios to French banks
French energy group Total has agreed to sell off stakes in some wind and solar farms to Credit Agricole Assurances and Banque des Territoires, which Total said would boost its cash flow and return on equity. The oil and...
GIP looks at Vector Green InvIT to raise $100 million
US-based Global Infrastructure Partners (GIP) is exploring an infrastructure investment trust (InvIT) for its Indian green energy platform, Vector Green Energy, to raise around $100 million in equity, two people aware...
Shell to divest Kaybob assets to Canada’s Crescent Point for C$900 million
Shell had earlier this month said its oil output peaked in 2019 as it undertakes its largest overhaul yet to expand renewables and low-carbon businesses under growing investor pressure to battle climate change. The...
Canada’s Arc Resources agrees to buy Seven Generations for $2.2 billion
Canada’s ARC Resources Ltd on Wednesday agreed to buy Seven Generations Energy Ltd for C$2.7 billion ($2.2 billion) in an all-stock deal to create the country’s sixth-largest energy company, as oil producers strive to...
Equinor sells U.S. Bakken shale assets, posts record loss for 2020
Norway’s Equinor has agreed to sell its assets in the U.S. Bakken shale oil province after a decade of multibillion-dollar losses and criticism for poor investment decisions. Equinor will sell the assets in the states...
EnQuest to buy Suncor assets for $325 million with refinanced debt
Oil producer EnQuest agreed to buy Suncor’s 27% stake in the Golden Eagle fields for $325 million, roughly equivalent to its market capitalisation, on the back of a planned debt refinancing and equity raise, it said on...
Marubeni to hasten planned sale of stakes in coal-fired power plants: CFO
Japanese trading house Marubeni plans to hasten the planned sale of its stakes in coal-fired power plants worldwide to reflect a growing global move toward decarbonisation, its Chief Financial Officer (CFO) Takayuki...
