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David French

FILE PHOTO: Holding tanks are pictured at Colonial Pipeline's Linden Junction Tank Farm in Woodbridge, New Jersey, U.S., May 10, 2021. REUTERS/Hussein Waaile/File Photo
BusinessFinanceFuelNewsOilTransmission

Some Colonial Pipeline owners eye stake sales at $10 billion-plus company valuation, sources say

Some of Colonial Pipeline's owners are exploring divesting their stakes, hoping they can fetch prices that would value the largest U.S. fuel transportation...

FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015.  REUTERS/Nick Oxford/File Photo
BusinessFinanceFuelLiquefied Natural GasLiquefied Petroleum GasNewsOil

How Devon Energy missed out on the US oil and gas mega-deal wave

US oil and gas producer Devon Energy has lost bids in the last 12 months because its shares were spurned as acquisition currency

FILE PHOTO: The sun sets behind power lines above the plains north of Amarillo, Texas, U.S., March 14, 2017. REUTERS/Lucas Jackson/File Photo
BusinessElectricityGeothermalNatural GasNewsUtilities

Power producer Calpine explores options including $30 billion sale, sources say

By David French (Reuters) – The investment firms that took U.S. power plant operator Calpine Corp private six years ago are exploring options...

FILE PHOTO: A general view of electric lines as demand for power surges during a period of hot weather in Houston, Texas, U.S. June 27, 2023. REUTERS/Callaghan O’Hare/File Photo
BusinessElectricityInfrastructureNewsUtilities

US utility Allete goes private in $6.2 billion deal

A partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners to acquire US utility Allete for $6.2 billion, including debt

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