Energy / oil & gas

EIG-led consortium closes acquisition of minority take in Aramco Oil Pipeline

An investor group led by EIG has closed its previously announced acquisition of a 49 percent stake in Aramco Oil Pipeline for $12.4 billion.

Brookfield offers cash option in Inter Pipeline bid: Reuters

Brookfield Infrastructure Partners has revised its offer for Inter Pipeline to include an all-cash consideration option, instead of a mix of cash and stock, Reuters reported.

Ara Partners buys renewable energy firm Anesco

Ara Partners has acquired Anesco Holdings, the parent company of Anesco Group.

Tourmaline to buy PE-backed Black Swan Energy for C$1.1bn

Tourmaline Oil Corp has agreed to acquire Black Swan Energy, Calgary-based exploration and development company operating in the liquids-rich Montney region.

WEF merges Osum Oil Sands with Strathcona Resources

Waterous Energy Fund has amalgamated Osum Oil Sands with portfolio company Strathcona Resources, creating a new Calgary-based oil and gas producer called Strathcona.

EPP buys LES Project Holdings

Energy Power Partners has acquired LES Project Holdings from Aria Energy.

CDPQ to increase Énergir stake with Enbridge's C$1.14bn sale

Caisse de dépôt et placement du Québec has agreed to increase its majority stake in Énergir, a Montreal-based diversified energy business.

Ontario Teachers', IFM close C$2.8bn acquisition of Enwave

Civitas to buy CPPIB-backed Crestone for $1.3bn: Reuters

Civitas Resources, the US oil and gas producer being formed through the merger of Bonanza Creek Energy and Extraction Oil & Gas, has agreed to buy Crestone Peak Resources for $1.3 billion, including debt, sources told Reuters.

PE-backed Shermco acquires Sigma Six and Innovative Electric

Shermco, which is backed by Gryphon Investors, has acquired two Washington-based electrical specialty businesses: Sigma Six Solutions and Innovative Electric.