Professional M&A intelligence for the energy transition
Abu Dhabi Investment Authority (ADIA), through wholly owned subsidiary Tasaheel Investment Holdings, acquired a 10% interest in Sempra Infrastructure Partners for $1.79 billion in April 2022. Sempra Infrastructure owns LNG export assets including Cameron LNG and the development-stage Port Arthur LNG.
Investment firm KKR acquired a 20% interest in Sempra Infrastructure Partners for a $3.4 billion. Sempra Infrastructure Partners owns, among other assets: an LNG portfolio consisting of up to 45 million tonnes per annum of LNG export capacity in development, construction or operation on the North American Pacific and Gulf Coasts; a renewable portfolio consisting […]
QatarEnergy acquired participating interests in three exploration blocks offshore the Oriental Republic of Uruguay from BG International Limited, a subsidiary of Shell. Under the agreements, QatarEnergy acquired an 18% interest in block OFF-4, while Shell held 32%, and APA (the operator) retained the remaining 50%. QatarEnergy also acquired a 30% interest in block OFF-2, which […]
Woodside Energy completed its $900 million acquisition of Tellurian and the Driftwood LNG project on the U.S. Gulf Coast in October 2024. The deal gives Woodside the fully permitted 27.6 mtpa Driftwood LNG export development site in Louisiana. Driftwood LNG is a fully permitted, pre-final investment decision development opportunity located near Lake Charles, Louisiana. The […]
ConocoPhillips (NYSE: COP) acquired a 10% shareholding interest in Australia Pacific LNG (APLNG) from Origin Energy for $1.65 billion. The ConocoPhillips subsidiary now owns a 47.5% interest in APLNG, with Origin Energy and Sinopec owning 27.5% and 25% interests, respectively. Based on the new 47.5% ownership interest and a full-year average Brent price of $78 […]
MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by EIG, acquired Tokyo Gas Co., Ltd.'s interests in a portfolio of Australian integrated LNG projects. The acquisition includes Tokyo Gas' interests in the Gorgon LNG, Pluto LNG and Queensland Curtis LNG projects. The portfolio benefits from experienced operators, including Chevron, Woodside and Shell, […]