Berkshire Hathaway energy unit MidAmerican Power Holdings has agreed to buy wind turbines with an estimated value of more than $1bln from Siemens.
IFM Investors has agreed to invest $1.3 billion in equity funding for the proposed three-train Freeport LNG natural gas liquefaction and export plant in Texas, sourced from a consortium of project finance ledners. The funding in question will go towards development of the second train, with construction lasting an estimated 51-54 months. The deal is expected to close in mid-2014.
Cabot Oil & Gas has agreed to supply Japan’s Sumitomo with around 350 MM cubic feet per day of natural gas from the Marcellus shale for 20 years via the Cove Point LNG plant, scheduled to come onstream in 2017.
South Africa’s Sasol and Canada’s Talisman have sold a portion of their Montney Shale acreage in British Columbia to Progress Energy, wholly owned by Malaysia’s Petronas, for C$1.5bln. Purchased assets include about 127,000 acres producing around 11,000 barrels per day of oil equivalent as of October 1.
The UK’s Centrica is selling three natural gas-fired power plants in Texas to Blackstone for $685MM. The three plants have a combined capacity of 1,295MW.
Chesapeake Energy has sold some of its Pennsylvania leases to Chief Oil & Gas for $500MM, according to the Scranton Times-Tribune.
Penn Virginia has announced the sale of Eagle Ford shale assets to an affiliate of ArcLight Capital Partners for $100MM. The company plans to use the proceeds to fund its 2014 capital budget. Assets include a natural gas gathering and gas lift system and around 119 miles of pipeline.
American Energy Capital Partners, affiliated with ousted Chesapeake Energy chief executive Aubrey McClendon, has filed to hold an initial public offering with the goal of raising $2 bln. AECP plans to offer 100 million units at $20 per unit.
Shell and truck manufacturer Caterpillar have agreed to test a new engine and fuel mix that includes LNG to evaluate its potential use in reducing both fuel costs and emissions at oil sands projects in Alberta, Canada. Caterpillar is designing a “dual fuel” oil sands mining truck in which LNG displaces most of the diesel, and Shell will retrofit existing trucks from its fleet and provide fueling infrastructure.
EDF Renewable Energy has agreed to buy the 200 megawatt Longhorn North Wind Project in Texas from Renewable Energy Systems Americas. Construction will begin this year, in time to be eligible for the production tax credit, and is scheduled for completion by end-2014.
Kinder Morgan unit Tennessee Gas Pipeline Company has signed a 15-year agreement with National Fuel Gas Company subsidiary Seneca Resources to ship 158,000 dekatherms per day of natural gas to eastern Canada on the $29MM Niagara Expansion project, with an in-service date of November 1, 2015.
Vaisala, A Finnish firm that develops products for environmental and industrial measurement. has agreed to buy renewable energy assessment and forecasting services firm 3TIER for 10.7MM euros (roughly $14.6MM).
