Sunday, October 19, 2025

Gas Assets News

Eni will launch a joint venture with Petronas Gas in 2026

Guido Brusco said that Eni's gas joint venture will be up and running by the end of next year. He is the chief operating officer for global natural resources at Eni. Both companies announced in January that they would be moving forward with the project of developing gas assets in Malaysia, Indonesia and other countries. Petronas said it could take up to two years for regulatory approval, but the exact timeline was unclear. Brusco, speaking at a London industry conference, said that the project would produce 300,000 barrels of oil equivalent per day (boe), and plans to increase to 500,000 boe.

Occidental CEO: Chemical divestiture to improve core oil and gas business

CEO Vicki Hollub said in an interview with the Associated Press on Thursday that Occidental Petroleum would be better positioned to invest in the core oil and natural gas business following the divestiture of a chemical unit. The company will also be able replace the cash flow lost from the division within two and a quarter years. Occidental shares fell more than 7% after Occidental announced earlier that day that they would sell their OxyChem division to Warren Buffett’s Berkshire Hathaway unit for $9.7billion and use the money to pay down debt. Some analysts pointed out that the division is expected to drive future growth.

TotalEnergies sells 50% of its North American solar portfolio and invests in U.S. Gas assets

TotalEnergies said it would sell half of its North American solar portfolio for $950 million in a deal announced on Monday. It also stated that it plans to invest in US gas-producing assets, which will help it secure future supplies. The sale of the stakes is in line with the strategy of the French oil giant to develop renewable energy projects, then sell them to raise cash to invest in its natural gas portfolio. The company announced that it would receive $950 millions from the sale of its assets to investment firm KKR, as well as a refinancing by a bank.

Sempra Sells 45% Stake in Infrastructure Unit, Approves Port Arthur LNG Expansion

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Sempra said on Tuesday it would sell a 45% stake in its infrastructure unit for $10 billion, and has approved a $14 billion expansion of Port Arthur LNG project in Texas, sending the utility's shares to their highest in nearly seven months.The stake sale to KKR, along with Canada Pension Plan Investment Board, implies an equity value of $22.2 billion for Sempra Infrastructure Partners, which houses liquefied natural gas assets and related pipeline and storage infrastructure.A KKR-led consortium will hold 65% of the unit…

Sempra sells 10 billion dollars stake in infrastructure unit and approves Port Arthur expansion

Sempra, a U.S. utility company, announced on Tuesday that it would sell its infrastructure unit to a third party for $10 billion. It also approved a $14 billion project expansion in Texas at Port Arthur LNG. The company is selling a 45% stake in Sempra Infrastructure Partners to KKR, Canada Pension Plan Investment Board and other investors. Sempra Infrastructure Partners owns liquefied gas assets, pipelines and storage facilities. Private equity firms are rushing to buy power infrastructure assets, as electricity consumption reaches record levels. This is primarily due to data centers that run AI operations and domestic usage.

JERA in Talks to Buy $1.7b of US Natural Gas Assets

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Japan's top power generator JERA is in advanced talks to buy natural gas production assets in the U.S. for around $1.7 billion, people familiar with the matter said, the latest example of the Asian nation investing in America's energy sector.JERA emerged as the top bidder for the assets owned by GEP Haynesville II, a joint venture between Blackstone-backed GeoSouthern Energy and pipeline operator Williams Companies, after banks solicited offers in recent weeks, the people said, asking not to be identified because the discussions are private.The deal would mark JERA's first foray in shale gas production…

Al Mansour Holdings, Qatar, bets on Zimbabwean energy in a deal with Australia's Invictus

Al Mansour Holdings, a Qatari investment company, has acquired a 19.9% stake of Invictus Energy in Australia and will contribute up to $500m to the development of the Cabora Bassa Gas Project in Zimbabwe. The equity stake acquired for A$37.8m ($24.56m) will be used to fund short-term projects, including drilling the Musuma-1 priority well. Al Mansour Holdings will form a joint-venture with Invictus called Al Mansour Oil & Gas. This venture will be led by Sheikh Mansour Bin Jabor Bin Jassim Al Thani. It will acquire oil and natural gas assets in Africa.

Sources say that Raisa Energy is selling US oil and gas assets worth $1.5 billion, according to sources.

People familiar with the matter say that Raisa Energy, a private investment firm, is selling an oil and gas package across several U.S. Shale basins. The package could fetch up to $1.5 billion. These sources, who asked not to be identified because the process was confidential, said that the sale is still in its early stages and that the final price may fluctuate depending on the market conditions and other variables. TPH, a boutique advisory firm Perella Weinberg Partners' energy-focused investment bank, advises Raisa in this effort, according to the statement. Raisa declined to comment on a request for a statement.

Eni CEO: Italy's Eni is considering increasing the share buyback.

Claudio Descalzi, the chief executive of Italian energy company Eni, said that if positive trends continue in the first half of this year then it is possible to increase their share buyback program later this year. A weaker dollar and lower oil prices weighed down on the company's second-quarter adjusted profit. This was despite a better than expected performance in its gas business. The results exceeded analysts' expectations. The company's net debt decreased and it improved its full-year targets for its Gas and LNG division as well as cost-saving measures.

Iberdrola raises $5.9 billion to fund grid investment

Iberdrola, Europe's biggest utility, announced a capital increase of 5 billion euros ($5.87 billion), to fund power grid investments in Britain and the United States. The company intends to increase its annual investment to 15 billion euros. This is an increase from the current level of 12 billion euros. It will build on its shift to upgrading and expanding electricity grids in countries with steady and healthy returns, such as America and Britain. The company's new strategy will be funded by the cash raised along with debt, operating funds, asset sales, and partnerships.

Woodside's second-quarter revenue beats estimates on Sangomar output; trims 2025 outlook

Australia's Woodside Energy reported a stronger-than-expected 8% rise in second-quarter revenue on Wednesday due to robust output from Senegal's Sangomar project, though it marginally lowered its annual production forecast following an asset divestment. Woodside agreed in late March to sell offshore oil and natural gas assets in Trinidad and Tobago, including production facilities and interests within the shallow-water Angostura and Ruby fields of the Greater Angostura Project to Perenco. The top gas producer in the country posted revenues of $3.28 Billion for the three-month period ended June 30.

CPC Corp Looks to Buy US Shale Gas Assets

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Taiwan's state-owned energy company CPC Corp is in early stage discussions to buy shale-gas producing assets in the United States, three sources familiar with the matter said, in a bid to secure natural gas supplies to fuel Taiwan's economy.If a deal is struck, CPC would join a growing list of Asian companies taking ownership of U.S. natural gas assets, gaining exposure to the commodity at a time that the United States is expanding its export capacity by building more liquefied natural gas plants.Taiwan would also be gaining political leverage with the Trump administration, which has linked increasing imports of U.S.

TotalEnergies UK Assets to Be Bought by Prax Remain Unsold

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The TotalEnergies West of Shetland offshore assets it agreed to sell to Prax Group last year remain under the French oil major's ownership, it said on Wednesday, so will not be subject to disposals resulting from liquidation proceedings affecting the British company."The transaction to sell our West of Shetland asset to Prax has not yet completed and as such we remain the operator of the Shetland Gas Plant and related fields," TotalEnergies EP UK said in its statement.TotalEnergies had agreed to sell Prax a portfolio of mature offshore fields producing about 7…

Energy companies race to Southeast Asia for gas to meet AI power demand

Energy companies are investing in gas exploration and production to meet the rising demand for power from a growing population and the proliferation of data centers in this region. As countries pursue different paths of energy transition, European majors are pivoting back to conventional fuels that are more profitable. Southeast Asian governments also want to increase the affordability of local gas to improve economic growth and energy security. Anwar Ibrahim, Malaysia's Prime Minister, said that Shell had…

ADNOC consortium targets Australia's Santos

Abu Dhabi National Oil Company's (ADNOC) is looking to expand its global gas business and has proposed a $18,7 billion takeover bid of Australia's Santos, the second largest independent gas producer. Santos has supported the plan. Here are some key details about Santos, including its production and reserves (measured in millions of barrels of oil-equivalent (mmboe)), its domestic and foreign oil and gas assets and its long-term LNG deals. 2024 Production (mmboe). Santos is the operator of Darwin LNG, Gladstone LNG and PNG LNG in Australia. It also holds stakes in the undeveloped Papua LNG Project in Papua New Guinea.

Utility Vistra buys natural gas assets worth $1.9 billion for power needs

Vistra, a utility, announced on Thursday that it will acquire seven natural-gas generation facilities with a combined power of 2,600 megawatts from Lotus Infrastructure Partners, for $1.9 billion. The move is part of its efforts to meet the growing demand for electricity. According to the U.S. Energy Information Administration, electricity consumption will reach record levels in 2025-2026 due to the surge in demand from data centres looking to match Big Tech AI ambitions. Vistra reported that the deal included five combined cycle gas-turbine facilities and two combustion turbo turbine facilities spread across PJM New England…

Kayne Anderson raises $ 2.25 billion for the third Energy Income Fund

Kayne Anderson announced that it has closed its third Energy Income Fund with $2.25 Billion of capital committed. This is far more than the initial target, as investors have shown renewed interest in oil and gas assets. According to a Kayne Private Energy Income Fund III statement, the fund will invest in private companies that produce oil and gas from wells with stable cash flow. This kind of production is suitable for income-focused strategies. Investors are paid a regular portion of earnings from an investment, in addition to the traditional private equity returns generated by assets increasing in value.

National Bank of Ukraine: Ukraine will need $2.9 billion in 2025 to purchase gas

Ukraine's National Bank stated on Friday that the country will need $2.9 billion in gas imports by 2025, after Russian missiles and drones damaged Ukrainian gas production plants. In the late winter and spring of 2016, Russia repeatedly attacked Ukrainian gas assets located in the east. This caused a drop of at least 40% in gas production. A certain amount of capacity has been recovered. The bank stated in a recent report that although production would gradually improve, it wouldn't be enough to meet the needs of industry, utilities, and households.

REFILE-ConocoPhillips plans layoffs as part of broad restructuring

ConocoPhillips plans to reduce staff. The company announced this on Tuesday. This is part of a broader effort to control costs and streamline operations following its $23 billion purchase of Marathon Oil. Job cuts are a sign of the pain that the oil and gas sector is experiencing as it faces higher costs and lower revenue due to prices hovering around $63 per barrel. Many companies claim they can't drill profitably at oil prices below $65 per barrel. Chevron, SLB and other oil giants announced their own layoffs in the first half of this year.

Bloomberg News reports that Abu Dhabi's ADNOC is considering a bid for Aethon US natgas assets.

Bloomberg News, citing sources familiar with the situation, reported Friday that Abu Dhabi's state oil company ADNOC was considering a bid to acquire natural gas assets from investment firm Aethon Energy Management, which could be worth up to $9 billion. ADNOC is acquiring a number of companies in the gas and chemical industries, which it sees as important pillars to its future growth. The energy giant purchased a stake and a supply contract for 20 years in NextDecade’s liquefied gas export project located in Texas.