Acquisition
JERA Nex bp has completed the acquisition of Sumitomo Corporation’s stakes in the Nobelwind and Northwester 2 offshore wind farms.
[Read more…] about JERA Nex bp increases ownership in Northwester 2 and NobelwindVietnamese steelmaker Hoa Phat invests in offshore wind
Wind Energy
Vietnamese steel giant Hoa Phat Group has invested VND600 billion (US$22.78 million) to acquire a 30-percent stake in Song Hau Offshore Wind Power JSC.
[Read more…] about Vietnamese steelmaker Hoa Phat invests in offshore windAnother key step forward for Gennaker
Strategic Partnership
Skyborn Renewables and Stadtwerke München (SWM) have agreed to form a strategic partnership for the Gennaker offshore wind project, with SWM acquiring a 25% stake.
[Read more…] about Another key step forward for GennakerBlackRock buys 5% stakes of Samsung Heavy Industries
General – Shareholder
Global asset manager BlackRock has become a major shareholder in Samsung Heavy Industries by raising its stake above 5%.
[Read more…] about BlackRock buys 5% stakes of Samsung Heavy IndustriesVaalco takes 60% stake in 102-MMboe West Africa field
Fossil Energy – Stake
Vaalco Energy reported initial production of approximately 2,000 bopd from a new development well offshore Gabon and confirmed operatorship of a potentially material offshore project in Côte d’Ivoire.
[Read more…] about Vaalco takes 60% stake in 102-MMboe West Africa fieldBulgaria takes 10% stake in Black Sea oil and gas exploration consortium
Fossil Energy – Bulgaria
“The cheapest gas is our gas,” energy minister Stankov says as Bulgaria acquires a 10% stake in the Black Sea consortium exploring for oil and natural gas in the Han Asparuh offshore block.
[Read more…] about Bulgaria takes 10% stake in Black Sea oil and gas exploration consortiumShell completes acquisition deep-water Bonga field
Fossil Energy – Nigeria
Shell Nigeria Exploration and Production Company (SNEPCo), has completed the previously announced agreement and increased its stake in the OML 118 Production Sharing Contract (OML 118 PSC) from 55% to 65%.
[Read more…] about Shell completes acquisition deep-water Bonga fieldBerlin to set aside € 7.6 bln to acquire stake in TenneT Germany
General – Acquisition
The German government is considering acquiring a 25.1% minority stake in electricity grid operator TenneT’s German unit, an economy ministry spokesperson said last week.
[Read more…] about Berlin to set aside € 7.6 bln to acquire stake in TenneT GermanyOcean Winds sells 20% stake in French OWF to Allianz
Wind Energy – Stakes
Ocean Winds, the 50:50 joint venture between Portugal’s EDP Renováveis and France’s Engie, has agreed to sell a 20.25% stake in its 500 MW Îles d’Yeu et Noirmoutier offshore wind farm in France to Allianz Global Investors for $232 million.
[Read more…] about Ocean Winds sells 20% stake in French OWF to AllianzShell increases interest in deep-water Bonga field
Fossil Energy – Nigeria
Shell Nigeria Exploration and Production Company signed an agreement with TotalEnergies EP Nigeria on May 28 to acquire its 12.5% stake in the OML 118 Production Sharing Contract.
[Read more…] about Shell increases interest in deep-water Bonga field