Equinor and Virginia Electric and Power Co secure lease areas in Central Atlantic offshore wind auction
Acquiring Company
Equinor
Acquired Company
Dominion Energy
Norway
RichmondEnergyOil And GasRenewable EnergyBiomass Energyoil & energyEnergyOil And GasFinancial ServicesFinanceRenewable EnergyMiningBiomass EnergyDescription
Equinor and Virginia Electric and Power Co have provisionally won lease areas in the Central Atlantic offshore wind auction in the US. Equinor secured the OCS-A 0557 lease area, while Virginia Electric and Power Co won the OCS-A 0558 lease area. The auction yielded almost USD 93 million, and the lease sale could accommodate up to 6.3 GW of offshore wind capacity.
Quick answer
Equinor is acquiring Dominion Energy, announced August 15, 2024. Equinor is based in Norway.
- How much did Equinor pay for Dominion Energy?
- The deal value was not disclosed.
- What does Equinor do?
- A prominent player in the oil and gas industry, focusing on production and exploration.
- Where are Equinor and Dominion Energy based?
- Equinor is based in Norway. Dominion Energy is based in Richmond, Virginia, United States.
- Who are the decision-makers at Equinor?
- Fundz holds 3 contacts at Equinor. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Energy and Oil And Gas
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Dominion Energy to acquire second offshore wind lease area off coast of North Carolina from Avangrid (July 8, 2024)
- Suncor Energy Inc. to acquire TotalEnergies EP Canada Ltd's oil sands assets (July 3, 2024)
- Adani Energy Solutions Ltd acquires Khavda Phase-IV Part-A transmission project to evacuate 7GW renewable energy (September 2, 2024)
- AM Green Technology and Solutions B.V. acquires Chempolis Oy and Fortum 3 B.V. to advance bio-fuel technology (September 23, 2024)
- Oando Plc completes acquisition of Eni's Nigerian Agip Oil Co. (August 22, 2024)
- Diversified Energy finalizes acquisition of Crescent Pass to strengthen offshore portfolio (August 16, 2024)
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Frequently asked
Who acquired Dominion Energy?
Dominion Energy was acquired by Equinor, based in Norway. The deal was reported on August 15, 2024. A prominent player in the oil and gas industry, focusing on production and exploration. The company holds various assets across different regions, primarily in Europe and the Middle East. Equinor is publicly traded (EQNR) and operates in Energy.
When did Equinor acquire Dominion Energy?
Equinor's acquisition of Dominion Energy was reported on August 15, 2024. Equinor and Virginia Electric and Power Co have provisionally won lease areas in the Central Atlantic offshore wind auction in the US. Equinor secured the OCS-A 0557 lease area, while Virginia Electric and Power Co won the OCS-A 0558 lease area. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Dominion Energy do?
Dominion Holdings Inc. is an investment holding company that emerged from BDO Unibank's leasing arm. The company is transitioning towards acquiring stakes in mining corporations. It was rebranded from BDO Leasing and Finance Inc. It is publicly traded (D), operating in Energy, and is based in Richmond.
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