Tag: Energy sector
China: State-owned energy giants merge
China’s top coal miner Shenhua will take over China Guodian, another of the country’s top five state power producers, in a deal that will...
US: Sempra Energy bids US$9.45bn for Oncor beating Buffett offer
Sempra Energy has reached a deal to buy Oncor for US$9.45 billion after swooping in to snatch the power-transmission company away from Warren Buffett’s...
US: Westar Energy and Great Plains agree to US$14b merger
he parent company of Kansas City Power & Light (KCP&L) has struck a new merger deal with Kansas’s largest electric utility aimed at resolving...
US: Judge blocks radioactive waste merger
On Wednesday a federal judge blocked the proposed merger of Dallas, Texas, based Waste Control Specialists and its biggest rival, Energy Solutions.
Judge Sue L....
US: With $8.2Bn buy, EQT becomes America’s biggest Natural Gas producer
Natural gas company EQT confirmed today that it will acquire Rice Energy in a $6.7 billion cash and stock deal that will create powerhouse...
UK: Wood keen to keep Amec’s nuclear unit in £2.2bn merger
Wood Group, the UK oilfield services specialist, which is in the midst of a £2.2bn ($2.8bn USD) takeover of rival Amec Foster Wheeler, is...
Australia: State energy company selling $5.6bn stake
A consortium led by Macquarie Group is buying a controlling stake in one of Australia’s biggest public energy companies in a deal that will...
Germany: Energy group wants out of Uniper
German energy group E.ON plans to quickly sell its remaining stake in Uniper, the power plant and trading unit it spun off last year...
EU: GE and LM Wind Power complete $1.65Bn merger
GE has completed its $1.65 billion acquisition of LM Wind Power, a Denmark-based technology developer and manufacturer of rotor blades for the wind energy...
US: Kansas regulators reject Great Plains’ $12.2Bn merger bid for Westar
The attempt to merge Kansas City-based Great Plains Energy and Topeka-based Westar Energy suffered a huge setback Wednesday, with the Kansas Corporation Commission unanimously...