Harbour Energy Acquires Majority of Wintershall Dea Upstream Business; L1 Takes Minority Stake

Tier 1 Energy Solutions Takes Minority Stake in Winterhawk Well Abandonment Ltd.

February 28, 2020

Oil & Gas

Tier 1 Energy Solutions Inc. has agreed to acquire a minority equity interest in Winterhawk Well Abandonment Ltd., a developer of a patented controlled casing expansion technology for environmentally responsible oil and gas well abandonment. The companies also entered an operating agreement under which Tier 1 will provide deployment support services and wireline diagnostics to aid commercialization and field deployment of Winterhawk's technology.

Vår Energi Acquires ExxonMobil's Upstream Assets in Norway

December 10, 2019

Energy

Vår Energi has completed the acquisition of ExxonMobil's Norway upstream assets for a cash consideration of roughly USD 4.5 billion, a deal that effectively doubled the company's production on the Norwegian Continental Shelf. The portfolio adds interests in more than 20 producing fields (about 150,000 boepd additional), increases reserves to ~1,900 million boe and transfers some ~33–50 ExxonMobil employees to Vår Energi, reinforcing the company's position as the second-largest operator on the NCS.

Energy Infrastructure Partners Increases Stake to Majority in BayWa r.e.

February 24, 2025

Energy

Energy Infrastructure Partners (EIP) has agreed to invest €150 million in BayWa r.e. via a capital increase, raising its ownership from 49% to 65% and becoming the company’s majority shareholder. The transaction is part of a broader recapitalization and restructuring of BayWa r.e. to support its transformation, strengthen its balance sheet and refocus on profitability and core renewable-energy markets.

TotalEnergies Acquires SapuraOMV Upstream Gas Interests in Malaysia

December 10, 2024

Oil & Gas

TotalEnergies completed the acquisition of the upstream gas interests held by OMV and Sapura (each 50%) in SapuraOMV Upstream, giving it operated stakes in blocks SK408 and SK310 offshore Sarawak. The deal strengthens TotalEnergies' upstream gas position in Malaysia and secures additional feed for the Bintulu LNG plant while keeping production costs and emissions intensity low.

LetterOne (L1 New Energy) Invests in Plastic Energy

November 7, 2021

Environmental Services

LetterOne, via its new energy arm L1 New Energy, has made an equity investment in Plastic Energy to accelerate the chemical recycling company’s growth and global plant rollout. The funding will support expansion beyond Plastic Energy’s two operational plants in Spain — including a plant under construction in the Netherlands and developments in France — and helps explore a potential UK facility with Nestlé.

Helix Energy Solutions Acquires Alliance Group of Companies

May 17, 2022

Energy

Helix Energy Solutions Group completed the acquisition of 100% of the equity interests in the Alliance group of companies, a Louisiana-based offshore shallow-water decommissioning and support-services provider, for $120 million in cash plus potential earnouts. The deal expands Helix's decommissioning and life-of-field maintenance capabilities and increases its presence on the Gulf of Mexico shelf as part of its Energy Transition strategy.