MILAN: Zenith Energy Ltd. has acquired a 5 MWp photovoltaic development project in the Puglia region of southern Italy, the company announced Tuesday, expanding its solar development pipeline to 178.5 MWp. The acquisition includes about 5 hectares of land near a motorway in an area classified as suitable for solar PV development under Italian regulations….
LONDON: Zenith Energy Ltd. announced Thursday it has acquired a new solar project in Italy’s Puglia region and will restart production at a natural gas field, citing heightened geopolitical tensions and expected price increases. The international energy company said the photovoltaic development project has an expected installed capacity of 10 megawatts peak. The site includes…
LONDON: Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA) announced Wednesday the acquisition of a second agrivoltaic solar energy development project in Italy’s Lazio region, strengthening its footprint in one of the country’s most strategic areas for renewable energy. The acquisition includes 10 hectares of farmland designated for a 5-megawatt peak (MWp) agrivoltaic installation. The €650,000…
SYDNEY: Global investment firm KKR has signed definitive agreements to acquire Zenith Energy, an independent power producer specializing in hybrid power solutions, from a consortium of investors. Zenith’s founder and management will retain a minority stake in the company. The deal positions Zenith for long-term growth, supported by strong sector fundamentals and macroeconomic tailwinds. The…
LONDON, UK: Zenith Energy, a Canadian oil and gas company, has announced a deal to buy 50% of Devonian Petroleum Limited, a UK-based private oil company with exploration rights in Kazakhstan, for about $5 million. Devonian owns 99% of DP Energy, a local subsidiary that holds a joint exploration and production contract for the Akkudukski…
LONDON, UK: Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy production and development company, has signed a second MOU (memorandum of understanding) with a company incorporated in Kazakhstan to evaluate the potential acquisition of two oil development assets. The Seller holds a 100% interest in the two contiguous oil development assets located in…
OSLO, NORWAY: Zenith Energy (OSE: ZENA), the international energy production and development company, has signed an MOU with a company incorporated in Kazakhstan securing a period of exclusivity for a duration of ninety days to evaluate a potential acquisition. The seller in Kazakhstan holds a 100% interest in an oil production asset located in the…
LONDON, UK: Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy production and development company, has announced that it has signed a binding memorandum of understanding (MOU) with Jala Capital Investments, LLC, a company incorporated in the State of Texas, to acquire a 90% interest in an oil and gas lease in Crockett County,…
LONDON, UK: Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy production company with assets in Africa and Europe, has announced that it has entered into an agreement with Stateside Energy LLC, an Oklahoma-based oil and gas operator, to acquire and operate a portfolio of oil production and development licences in Oklahoma, as well…
LONDON, UK: Zenith Energy (LON: ZEN) announced that Zenith Overseas Assets Holdings, its fully owned subsidiary, has entered into a share purchase agreement for the acquisition of a 100 percent interest in the issued, allotted, outstanding and fully paid-up share capital of Canadian North Africa Oil & Gas Ltd. (CNAOG) (previously named CNPC International (Tunisia)…
LONDON: Zenith Energy Ltd. has made a binding offer to wholly acquire a company holding a 100% interest in two oil and gas production and development concessions in Tunisia, which has now been accepted. Terms The Offer is represented by a mix of cash payments and assumption of debt by Zenith for a total consideration…
LONDON: Zenith Energy Netherlands has signed an extension agreement in respect of the conditional sale and purchase agreement (SPA) it signed with KUFPEC (Tunisia) Limited (KUFPEC), a 100% subsidiary of Kuwait Foreign Petroleum Exploration Company K.S.C.C, a subsidiary of the State of Kuwait’s national oil company, for a participation in, inter alia, the North Kairouan…