Gulfport Energy Corp (GPOR.O) said it would buy acreage in Oklahoma’s SCOOP region from a privately held company for $1.85 billion. The purchase price consists of $1.35 billion in cash and about 18.8 million of...
Patterson-UTI to buy Seventy Seven Energy for $1.76 bln including debt
U.S. driller Patterson-UTI Energy Inc said on Monday it would buy its smaller counterpart Seventy Seven Energy Inc in an all-stock deal worth $1.76 billion including debt. Seventy Seven shareholders will receive 1.7725...
PE funds, promoters to exit Kiran Energy
The owners of solar power producer Kiran Energy Solar Power Pvt. Ltd has decided to sell the company outright after earlier attempts to sell a majority stake failed, two people familiar with the development said...
Italy’s Enel buys Brazil’s Celg-D for $647 million
Italy’s biggest utility Enel bought Brazilian power distribution company Celg-D from the state-run power holding company Eletrobras on Wednesday, as it presses ahead with plans to expand in Latin America. Enel SpA...
Wipro to sell EcoEnergy unit for $70 million
BENGALURU: WiproBSE 0.33 % said it agreed to sell its EcoEnergy division for $70 million as it sharpens its focus on its core IT business. Wipro EcoEnergy had revenue of about RS 67.6 crore in FY16 and has a net worth...
Tata Power to sell PT Arutmin stake for $247 million
NEW DELHI: Tata Power will sell its 30 per cent stake in Indonesia-based coal company PT Arutmin for a sharply lower consideration of USD 246.64 million after entering into revised pacts that take into account certain...
China’s Sany Group to invest $2 bn in Gujarat; signs MoU
AHMEDABAD: Chinese conglomerate Sany Group today signed a MoU with the Gujarat Government to invest a staggering $2 billion over the next five years in various energy and infrastructure projects in the state. The pact...
Renewable energy firm ACME Cleantech raises Rs500 crore
Mumbai: Delhi-based renewable energy and telecom solutions company ACME Cleantech Solutions Pvt. Ltd has raised Rs500 crore from Ajay Piramal-controlled Piramal Enterprises Ltd. The investment in ACME was done by...
Sempra quits talks on Odebrecht Peru pipeline, partners scramble
Sempra Energy (SRE.N) said Wednesday that it dropped its offer to buy a stake in Odebrecht SA’s [ODBES.UL] natural gas pipeline concession in Peru, leaving junior partners scrambling to try to save the project as...
Baytex buying northern Alberta heavy oil assets for C$65 million
Mid-sized Canadian oil producer Baytex Energy Corp has agreed to buy heavy oil production assets in the Peace River region of northern Alberta in a deal worth C$65 million ($48.35 million), the company said on Tuesday...
Hindustan Clean Energy raises $130 mn from Farallon Capital, BofAML
Hindustan Clean Energy Ltd (HCEL), the renewable energy arm of Hindustan Power Projects Pvt. Ltd (HPPPL), has raised $130 million in debt funding from US-based hedge fund Farallon Capital Management and Bank of America...
Brookfield Asset proposes to take 50-60 percent stake in TerraForm Power
Brookfield Asset Management Inc (BAMa.TO) proposed on Friday to take a 50-60 percent stake in bankrupt solar company SunEdison Inc (SUNEQ.PK) unit TerraForm Power Inc (TERP.O), a week after it expressed interest in...
