‎“Oil Price”: Energy sector attracts activity in deals by the end of ‎‎2023‎

The energy sector witnessed a boom in concluding deals at the end of the year, according to a recent report on the American “Oil Price” website, which specializes in oil and energy news, as companies diversify their investment portfolios, and major oil and gas companies invest in renewable energy projects and clean technologies. ‎

The report pointed to a number of prominent deals in the energy field, including Saudi Arabia’s ACWA Power green hydrogen deal with Egypt worth $4 billion. Also, the Japanese company “Tokyo Gas” acquired the American company Rockcliffe for a value of $2.7 billion.

In a move aimed at expanding shale gas operations in the United States. In the same context, Canadian asset management company Brookfield Asset Management announced plans to sell renewable energy assets worth 1.5 billion euros ($1.64 billion), including debt. The assets to be sold include wind and photovoltaic power plants located in Spain and Portugal. Its subsidiary SAITA owns 28 wind farms and 10 photovoltaic parks.

However, its seven solar thermal plants are not part of the sale. Mexican billionaire Carlos Slim also strengthened his investment portfolio in oil exploration companies, months after he acquired a stake in an oil project. Control Impresario has pumped $327 million into the Talos and Harbor exploration companies.

In the same context, the UAE “ADNOC” signed a liquefied natural gas agreement, which includes the supply of no less than one million tons annually of liquefied natural gas for a period of 15 years with the Singaporean “ENN” LNG company.

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