ReNew Energy, India's energy company, has offered to be privatized in a $2.82 billion deal
Filings with the U.S. Securities And Exchange Commission show that some of the largest investors in ReNew Energy Global are offering to take the company public. The proposed deal values the generator, according to calculations, at $2.82 Billion.
Enbridge Sells Stakes in French Offshore Wind Projects
Canadian energy infrastructure firm Enbridge has reached a deal to sell 49% of its 50% interest in three offshore wind projects under development in France to the Canada Pension Plan Investment Board (CPP Investments).The deal includes initial proceeds of over C$100 million (USD 71…
Petrobras Nears Terms Over TAG Pipeline Sale
Brazil’s state-controlled oil company Petróleo Brasileiro could present a new sale and purchase agreement (SPA) before the end of December for the sale of the Transportadora Associada de Gás (TAG) pipeline, after a Brazilian Supreme Court injunction in July stalled the sale.The sale of TAG…
Shell Sells Upstream Interests in Ireland for $1.3bln
Shell Overseas Holdings, an affiliate of Royal Dutch Shell plc, has completed the sale of its shares in Shell E&P Ireland Limited (SEPIL), which holds a 45% interest in the Corrib gas venture, for up to $1.30 billion, to Nephin Energy Holdings Limited (NEHL)…
ReNew Power Buys Ostro Energy
ReNew Power, backed by Goldman Sachs and Canada Pension Plan Investment Board (CPPIB), said on Monday it has acquired Ostro Energy Private Ltd, backed by London-based Actis LLP, in one of India's biggest renewable energy deals. ReNew did not disclose financial details…
Shell Working to Fix Gas Disruption at Corrib Field
Royal Dutch Shell and Gas Networks Ireland (GNI) are working to remove unodourised gas that entered the network from the country's Corrib gas field and has curbed output since last week, Shell said. Due to a technical problem at the Shell-operated Bellanaboy Bridge gas terminal in Ireland…
Energy Capital-led Consortium to buy Calpine Corp
Debt-laden power producer Calpine Corp said it agreed to be acquired by a consortium of investors led by Energy Capital Partners for $5.6 billion. Calpine's shares were up 10.5 percent at $14.93 in premarket trading on Friday. The $15.25 cash per share offer…
Shell Exiting Ireland Upstream Sector
Royal Dutch Shell said it is selling its stake in the Corrib gas venture in Ireland for up to $1.23 billion, marking its exit from the upstream business in Ireland. The buyer is a unit of Canada Pension Plan Investment Board and the deal includes…
Court: $1.8B Gas Transport Tariff Row
A Norwegian court will hear an appeal next week by four firms seeking to overturn a ruling that upheld a government decision to cut offshore gas transportation tariffs. The firms - owned by Allianz, UBS, the Abu Dhabi Investment Authority and…
Devon to Sell Western Canada Pipeline Stake to CPPIB
Devon Energy Corp said it would sell its 50 percent stake in a pipeline in Western Canada for $1.1 billion to a portfolio company of Canada Pension Plan Investment Board, completing the U.S. oil and natural gas producer's divesture program.
Canada Pension Plan to Invest $450 million in LongPoint Minerals
The Canada Pension Plan Investment Board said on Wednesday it will invest $450 million (C$570 million) in LongPoint Minerals, a company that invests in oil and gas mineral and royalty interests in the United States. CPPIB, which is Canada's biggest public pension fund…
Canadian Natural to Sell Royalty Assets to PrairieSky
Canadian Natural Resources Ltd will sell most of its royalty assets to PrairieSky Royalty Ltd in a C$1.8 billion ($1.4 billion) deal, joining other oil producers in shedding assets to weather a slump in crude prices. The deal comes just a week…
Norway wins $1.8 bln Pipeline Row
Gassled partners have six weeks to decide on appeal. An Oslo court ruled on Friday in favour of Norway in a lawsuit involving a group of international investors who argued that Norway's decision to cut natural gas pipeline tariffs would cost…
Global Investors Move Against Norway on Gasline
A group of international investors is suing Norway in an attempt to overturn its decision to cut gas pipeline tariffs, arguing the fee reduction will cost them 15 billion crowns ($1.9 billion) in lost earnings through 2028. Challenging Norway's reputation as a predictable place to do business…
Ontario to Sell 60% of Hydro One in IPO
Ontario Premier Kathleen Wynne said on Thursday her Liberal government would sell up to 60 percent of the province's electrical utility Hydro One, but would limit minority shareholders to 10 percent stakes. Canada's most populous province will continue to regulate electricity rates…
Rebels Delay Finish of Peru Natgas Pipeline Expansion
The expansion of Peru's main natural gas pipeline has been delayed by nearly a year because of threats posed by insurgents and is now set to wrap up in the first quarter of 2016, the pipeline operator said on Tuesday. Expansion work is now 55…
