EU approves Shell’s buyout of energy supplier

The EU has approved Shell’s plans to buy independent energy supplier Impello. The supplier services household customers in the UK and Germany, active under the brand First Utility. The approval means Shell will be able to enter the UK’s domestic energy market. Among other markets, Shell has activities in the trading and wholesale supply of […]

TELCA-winning firm bought out in new deal

A procurement services firm has bought a non-domestic energy consultancy. Inprova Group, which is based in Cheshire, has acquired West Sussex business Energy & Carbon Management (E&CM), which won ELN’s Consultancy of the Year award at TELCA 2017. E&CM provides energy broker and consultancy services, such as commercial gas and electricity procurement, energy risk management […]

Shell to go solar with new US investment

Shell has announced it is to acquire a 44% stake in a US solar firm. The energy giant announced it has signed an agreement with the Silicon Ranch Corporation, with consideration for the shares to be between $193 and $217 million, depending on the firm achieving its predetermined milestones. Shell’s interest includes an existing portfolio […]

Energy consultant acquisition complete

Lancashire-based LG Energy Group (LGE) has announced the acquisition of Liverpool firm Guild Energy. The energy consultation, intelligence and procurement business bought the gas and power advisors for an undisclosed sum. LGE Managing Director, Asif Rizvi, said: “The acquisition of Guild Energy further enhances our customer offering as the merger of mall and medium-sized enterprises […]

Business alliance signs hydro deal and announces green goal

A business alliance has signed a new hydropower deal as part of its new target to build 1GW of green power generation in the next three years. SIMEC Energy, which is part of the GFG Alliance, is to acquire clean power developer and operator Green Highland Renewables (GHR) from Ancala Partners. The acquisition of GHR, […]

EU approves scrap metal merger

The EU has approved the acquisition of a scrap metal processing and recycling business by a waste disposal firm. TSR Recycling will be bought and solely controlled by Remondis, who currently jointly manage the company with Alfa Acciai S.p.A. Both TSR Recycling and Remondis are based and operate from Germany. They both belong to the Rethman […]

French energy giant Total to buy Maersk Oil for $7.45bn

Total has agreed to buy Maersk Oil in a $7.45 billion (£5.8bn) deal. The French oil giant will acquire 100% of the Danish exploration and production company from A.P. Moller Maersk Group when the deal is approved. It will see A.P. Moller Maersk receive a consideration of $4.95 billion (£3.8bn) in Total shares and Total […]

Canadian services firm buys into UK oil & gas

A Canadian mining and energy services company has bought a British oil and gas firm. Hatch has bought the employee-owned g3baxi partnership (g3) in a transaction which it says will enhance the skills and expertise of both companies and improve project delivery over the short, medium and long term. g3 has extensive knowledge and understanding of upstream facilities, […]

BP to sell North Sea pipelines to INEOS for $250m

INEOS is to buy the Forties Pipeline System (FPS) and associated facilities from BP. The chemical firm has agreed to pay BP up to $250 million (£199.5m) for the business, with half up-front and half coming over the next seven years. The 235-mile FPS links 85 North Sea oil and gas assets to the UK […]

IT solutions firm buys energy broker

A telecommunications and IT solutions firm has bought an energy broker. Arrow Business Communications Limited’s acquisition of London’s Pulse Business Energy marks its entry into the business energy market and will bring its total turnover up to £26 million. The move is Arrow’s eighth acquisition in the last seven years and makes it one of the few […]