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Enbridge closes $3.3B simplification deal; Dominion offloads noncore assets

European Energy Insights February 2021

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Global M&A Infographic Q1 2021

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Q1 2021 Global Capital Markets Activity: SPAC IPOs, Issuance in Consumer Discretionary Sector Surge

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COVID-19 Impact & Recovery: Private Equity


Enbridge closes $3.3B simplification deal; Dominion offloads noncore assets

Enbridge closes $3.3B simplification merger with Spectra Energy Partners

Enbridge Inc. closed the acquisition of all outstanding common units of Spectra Energy Partners LP valued at $3.3 billion, bringing Enbridge one step closer to its corporate simplification goal.

Report: Chrysaor eyes $2.5B acquisition of Chevron's assets in UK North Sea

Chrysaor Holdings Ltd. has tapped the services of two investment banks to serve as advisers ahead of talks to purchase oil major Chevron Corp.'s oil and gas fields in the U.K. North Sea for more than $2.5 billion, Reuters reported, citing industry and banking sources.

Enbridge units schedule meeting to vote on planned roll-up

Enbridge Energy Partners LP and Enbridge Energy Management LLC scheduled a special meeting with their unit holders to vote on both entities' merger into sponsor Enbridge.

Total sells 4% stake in Ichthys LNG project to Inpex for $1.6B

French oil major Total SA announced that it will sell a 4% interest in the Ichthys LNG project offshore western Australia to Inpex Corp. for US$1.6 billion.

Dominion completes sale of noncore assets, raises dividend

Dominion Energy Inc. completed a series of transactions involving the sale of noncore assets.

Qatar Petroleum buys stake in 3 blocks offshore Mozambique from Exxon affiliate

Qatar Petroleum signed an agreement with an affiliate of U.S. oil major Exxon Mobil Corp. to purchase a 10% interest in three offshore exploration blocks in the Mozambique for an undisclosed amount.

EnLink Midstream schedules shareholders meeting to vote on planned MLP roll-up

EnLink Midstream LLC scheduled a special meeting of shareholders on Jan. 23, 2019, to vote on the previously announced all-stock deal to roll up its master limited partnership EnLink Midstream Partners LP.

Project Halo wins Gupta's South African mining assets with 3.05B-rand bid

Project Halo, a South African consortium, has submitted the winning bid of 3.05 billion South African rand for three major assets owned by the Gupta family-linked Tegeta Exploration and Resources Pty Ltd., which has been in administration since February, Bloomberg News reported.

International Petroleum closes BlackPearl Resources acquisition

International Petroleum Corp. closed the previously announced acquisition of fellow Canada-based producer BlackPearl Resources Inc. in an all-stock deal.

Natural Resource Partners completes sale of construction aggregates business

Natural Resource Partners LP announced it completed the sale of VantaCore Partners LP, its construction aggregates business segment, for $205 million.

Eni Norge, Point Resources complete merger to form Vår Energi

Italian oil major Eni SpA subsidiary Eni Norge AS completed the previously announced merger with Point Resources AS to form a Norway-based exploration and production company called Vår Energi AS.

Equity firm Lonestar adds Texas acreage left by drillers in Permian push

A private equity firm focused on exploration and production secured funding to acquire Texas acreage, mostly previously owned by Chesapeake Energy Corp., to be used for its drilling program starting in January 2019.

Buckthorn Partners takes majority stake in wellbore cleanup specialist Coretrax

London-based private equity firm Buckthorn Partners LLP, which invests in the oilfield services sector, invested an undisclosed amount in Coretrax Technology Ltd. to become its majority shareholder.

Showa Shell, Idemitsu Kosan complete approvals for business integration

Japanese refiners Showa Shell Sekiyu K.K. and Idemitsu Kosan Co. Ltd. secured the necessary approvals for their business integration from both domestic and foreign competition authorities.

Equinor completes sale of 17% stake in Alba field offshore Scotland

Norwegian integrated oil and gas company Equinor completed the sale of its 17% stake in the Alba fields in the U.K. Continental Shelf to Verus Petroleum UK Ltd.

China ZhenHua Oil to take 4% stake in ADNOC onshore concession

Abu Dhabi National Oil Co., or ADNOC, said that China ZhenHua Oil Co. Ltd. subsidiary North Petroleum International Co. Ltd. acquired a 4% stake in an onshore concession previously held by CEFC China Energy Co. Ltd. for an undisclosed amount.