Latest news with #Caturus
Gulf Business
3 days ago
- Business
- Gulf Business
Mubadala Energy closes Caturus stake deal in US
Image: Supplied Abu Dhabi's Mubadala Energy has completed a strategic investment in US natural gas through a partnership with private equity firm Caturus is developing an integrated US natural gas and liquefied natural gas (LNG) export platform, combining upstream operations under Caturus Energy — previously Kimmeridge Texas Gas — with Commonwealth LNG, a planned 9.5 million tonnes per annum export terminal near Cameron, Louisiana. Commonwealth LNG has appointed Technip Energies for engineering, procurement and construction work and expects a final investment decision later this year. The project has signed long-term binding offtake deals with Glencore, Japan's JERA and Malaysia's PETRONAS. Deal marks Mubadala energy's entry into US energy market The deal marks 'Today's announcement is further evidence of our international growth strategy in action,' said Mansoor Mohammed Al Hamed, managing director and CEO of Mubadala Energy. 'The platform's integrated and responsible approach aligns with our plans to invest across the gas value chain in key global energy hubs where we can play a proactive role in balancing energy security and transition priorities while creating long-term value for our shareholder.' Ben Dell, managing partner at Kimmeridge, said Mubadala Energy's investment was 'a strong endorsement of our strategy at Caturus' and that the partners aimed to create 'the only fully integrated natural gas independent'. As part of the deal, Mubadala Energy appointed COO Adnan Bu Fateem and SVP for Non-Operated Assets Khaled Al Tamimi to Caturus' board of managers. Bu Fateem said the company's active investment approach would help 'shape the strategic direction of this platform to ensure the commercial, operational and sustainability priorities are met.' The transaction closed after clearance from the Committee on Foreign Investment in the United States (CFIUS).
The National
4 days ago
- Business
- The National
Abu Dhabi's Mubadala closes first US energy investment with natural gas and LNG deal
Abu Dhabi's Mubadala Energy has closed a US natural gas investment agreement by acquiring a stake in a company backed by alternative asset manager Kimmeridge, marking its first significant investment in the US energy market and advancing its global growth strategy. The energy arm of the UAE capital's sovereign wealth fund now owns a 24.1 per cent equity stake in New York-based Kimmeridge's SoTex HoldCo, which has been rebranded to Caturus, Mubadala said on Friday. The transaction was first announced in April. Caturus is building an integrated natural gas and LNG export platform in the US through its upstream operations under Caturus Energy, formerly Kimmeridge Texas Gas, and Commonwealth LNG, a 9.5 million metric tonne per annum (mtpa) liquefied natural gas export terminal that will be located near Cameron, Louisiana. "The platform's integrated and responsible approach aligns with our plans to invest across the gas value chain in key global energy hubs where we can play a proactive role in balancing energy security and transition priorities while creating long-term value for our shareholder," Mansoor Al Hamed, managing director and chief executive of Mubadala Energy, said. Strategic position in US LNG sector The partnership and Mubadala's foray into the world's largest economy and second-largest energy producer comes as the company seeks to broaden its global footprint. Mubadala Energy, previously known as Mubadala Petroleum, has been actively expanding its portfolio, and its latest partnership in the US signifies the focus it has on key energy markets. The move further strengthens its position across the gas value chain and aligns with its strategy to play a critical role in the energy transition by investing in low-emission energy sources, the company said. Mubadala Energy's active investment approach supports long-term plans to build a strategic position in America's integrated natural gas and LNG sector, it added. Commonwealth LNG recently announced it has contracted Technip Energies to provide engineering, procurement and construction services to build its facility. It expects to receive final investment decision later this year. The LNG project is proceeding with "significant momentum" following the signing of a series of long-term binding LNG offtake agreements with top-tier global purchasers, including Glencore, Jera and Petronas, according to Mubadala. As part of the transaction, Mubadala Energy appointed two representatives to the Caturus board of managers: Adnan Bu Fateem, who is chief operating officer at Mubadala Energy, and Khaled Al Tamimi, senior vice president of non-operated assets . "Mubadala Energy's investment approach helps create long-term value through active stewardship," Mr Bu Fateem said. Commenting on the deal's closure, Ben Dell, managing partner at Kimmeridge, said: 'We're excited to collaborate in bringing the only fully integrated natural gas independent to life. Together, we will drive innovation across the LNG industry... contributing to a cleaner, more sustainable energy future.' The UAE in May announced plans to increase the value of its investments in the US energy sector to $440 billion by 2035, from the current $70 billion. This is part of the UAE's $1.4 trillion investment plan into the country. The plan was announced during US President Donald Trump's meeting with top business leaders in the Emirates. Natural gas demand Following a strong expansion in 2024, global natural gas demand rose at a much slower rate in the first half of 2025, according to the latest quarterly Gas Market Report by the the International Energy Agency. "Macroeconomic uncertainty, together with tight supply fundamentals and relatively high prices, weighed on natural gas consumption, particularly in price-sensitive markets in Asia," it said. However, global LNG supply growth is set to accelerate in 2026 to its fastest pace since 2019, primarily driven by additions in the US, Canada and Qatar, according to IEA. "Easing supply fundamentals are expected to support stronger gas demand growth, especially in key Asian import markets," it said.
Arabian Post
4 days ago
- Business
- Arabian Post
Mubadala Energy Secures Stake in US LNG Export Platform
Arabian Post Staff -Dubai Abu Dhabi's Mubadala Energy has acquired a 24.1% equity stake in Caturus, a rebranded platform for natural gas and liquefied natural gas exports, following the successful closure of its investment in partnership with alternative asset manager Kimmeridge. This move marks a significant step in Mubadala's strategy to strengthen its foothold in the US energy market, specifically within the integrated natural gas and LNG sectors. Mubadala Energy's involvement in the US market reflects its broader strategy to diversify its portfolio, tapping into high-growth energy markets outside its core base. The company's new stake in Caturus aligns with its goal to expand its presence in global energy infrastructure, particularly in areas that promise long-term stability and returns. ADVERTISEMENT The deal, valued at an undisclosed sum, solidifies Mubadala Energy's growing influence in the North American energy sector, which has been experiencing a surge in LNG exports. The US has become a crucial player in the global LNG market, with rising production levels and the establishment of new infrastructure facilitating an increasing flow of exports, particularly to Europe and Asia. Kimmeridge, a US-based alternative asset manager, has also made substantial strides with its role in Caturus, cementing its position as a key player in energy investments. The collaboration between Mubadala and Kimmeridge is part of a wider effort to create a more integrated and efficient LNG export system, as the two firms look to leverage their combined expertise to drive future growth and development in the sector. This partnership highlights the growing trend of international energy companies and investment firms looking to the US as a prime location for natural gas and LNG infrastructure. The US energy landscape has seen significant transformation in recent years, with abundant shale gas reserves and increased technological advancements enabling greater extraction and export capabilities. Caturus itself is designed to optimise the export of LNG, focusing on enhancing infrastructure, improving logistics, and ensuring the delivery of natural gas to international markets with efficiency and minimal environmental impact. The platform's focus on sustainability aligns with Mubadala's wider goals of promoting cleaner energy solutions and reducing carbon emissions within its portfolio. By securing a stake in this critical infrastructure, Mubadala Energy not only diversifies its holdings but also strengthens its role in the ongoing global shift towards cleaner energy sources. The company has committed to transitioning its investments towards more sustainable energy solutions, with a particular focus on natural gas, which is seen as a cleaner alternative to coal and oil in power generation. Caturus's strategic location within the US allows it to access key markets, positioning it as a vital part of the LNG export network. With LNG demand increasing globally, particularly in Asia, the platform is well-placed to capitalize on the growing need for cleaner and more sustainable energy options. Mubadala's participation in this project is expected to enhance its capacity to meet the increasing energy demands of international markets while positioning itself as a responsible player in global energy transitions. The shift towards LNG and natural gas aligns with broader global energy policies that are looking to reduce carbon emissions and transition away from coal. As countries around the world pursue cleaner alternatives to traditional energy sources, LNG has become an attractive option due to its lower emissions profile compared to coal and oil. The increased export of LNG from the US is particularly important as it helps to meet the energy needs of European and Asian markets, which have increasingly turned to LNG for their energy security needs. Mubadala Energy's commitment to sustainability and the environment also underpins this investment. The company has set ambitious goals to reduce its carbon footprint and increase its investments in renewable and low-carbon energy technologies. This aligns with the UAE's broader energy strategy, which has placed a strong emphasis on cleaner energy, and further reinforces Mubadala's role in contributing to these global efforts.
Zawya
4 days ago
- Business
- Zawya
Abu Dhabi's Mubadala Energy now owns 24.1% stake in rebranded Kimmeridge gas unit Caturus
Abu Dhabi's Mubadala Energy now owns a 24.1% equity stake in the rebranded SoTex HoldCo natural gas and LNG export platform Caturus following the closing of its US investment with alternative asset manager Kimmeridge. The Abu Dhabi energy company said the Kimmeridge partnership supports its long-term plans to build a position in the US' integrated natural gas and LNG sector. Caturus is building an integrated natural gas and LNG export platform in the US through a combination of its upstream operations under Caturus Energy, formerly Kimmeridge Texas Gas, and via Commonwealth LNG. The Louisiana LNG project is developing a 9.3 million metric tons per annum liquefaction and export facility. As part of the transaction, Mubadala Energy has appointed two representatives to the Caturus Board of Managers, including Adnan Bu Fateem, Chief Operating Officer and Khaled Al Tamimi, Senior Vice President, Non-Operated Assets at Mubadala Energy. Financial details of the deal have not been disclosed. (Writing by Bindu Rai, editing by Brinda Darasha)
Yahoo
5 days ago
- Business
- Yahoo
Kimmeridge Closes Strategic Equity Investment from Mubadala Energy and Rebrands Integrated Natural Gas Platform as Caturus
Caturus is building the nation's leading integrated natural gas and LNG company, with a unique wellhead-to-water strategy that will deliver responsibly sourced, low-emission fuel to global markets Caturus builds on momentum and closes Mubadala Energy's anchor investment as part of broader capital raise Caturus crosses 600 MMcfe/d threshold with long-term target of 3 Bcfe/d; LNG export facility expected to reach FID in 2025 Senior leadership team to include: David Lawler, current CEO of Kimmeridge Texas Gas, as Chief Executive Officer; Bryan Gunderson, current CFO of Kimmeridge Texas Gas as Chief Financial Officer; and Brian Cain as Chief Corporate Affairs Officer NEW YORK and ABU DHABI, UAE and HOUSTON, Aug. 7, 2025 /PRNewswire/ -- Kimmeridge, an alternative asset manager focused on the energy sector, today announced two significant milestones for its integrated natural gas platform: the closing of a strategic equity investment from Mubadala Energy and the rebranding of SoTex HoldCo to Caturus. The previously announced equity investment marks Mubadala Energy's U.S. market entry and reflects its ambitious expansion strategy. The rebranding is a major milestone in the platform's journey to deliver low-cost, low-emission natural gas from premier U.S. resource plays to global markets, connecting responsibly sourced fuel with midstream infrastructure and best-in-class LNG export capabilities. Caturus is building the only independent, fully integrated natural gas and LNG export platform in the U.S. through a combination of its upstream operations under Caturus Energy, formerly Kimmeridge Texas Gas, and via Commonwealth LNG ("Commonwealth"), a 9.5 mtpa liquefied natural gas export terminal to be located near Cameron, Louisiana. Commonwealth most recently announced it has contracted Technip Energies to provide engineering, procurement and construction services to build its state-of-the-art facility and anticipates announcing final investment decision later this year. Caturus Leadership Dave Lawler previously served as Chief Executive Officer of Kimmeridge Texas Gas and will now serve as CEO of Caturus. Mr. Lawler previously was Chairman and President of BP America and led BPX Energy, BP's U.S. onshore oil and gas business. The Caturus leadership team will also include Bryan Gunderson as Chief Financial Officer and Brian Cain as Chief Corporate Affairs Officer. Mr. Gunderson most recently served as CFO of Kimmeridge Texas Gas and brings more than two decades of experience in finance leadership roles across public and private energy companies. Additionally, Brian Cain, having served as Senior Vice President of Government Relations at Commonwealth LNG, will become Caturus' Chief Corporate Affairs Officer. Mr. Cain has more than 20 years of political, media, and energy policy experience, including service on public company executive teams. Dave Lawler, CEO of Caturus, said, "Rebranding to Caturus reflects our continued evolution and strategy to capture value as global gas demand increases in the future. With the addition of world-class investors like Mubadala Energy, disciplined capital deployment, continued operational excellence and a commitment to environmental responsibility, Caturus is well-positioned to become a differentiated leader in the global LNG landscape and energy transition." Mubadala Energy Investment The Mubadala Energy investment represents the cornerstone of a broader capital raise led by Kimmeridge to support the growth of Caturus. Mubadala's contribution reflects a 24.1% equity stake in Caturus. The capital raise will fund continued strategic growth, infrastructure development, and support the buildout of the LNG export facility at Commonwealth. "Mubadala Energy's investment is a strong endorsement of our strategy at Caturus, and we are excited to collaborate on bringing the only independent, fully integrated natural gas company to life. Together, we will drive innovation across the LNG industry through a powerful and responsible platform, contributing to a cleaner, more sustainable energy future," said Ben Dell, Managing Partner at Kimmeridge. Commenting on this important milestone, Mansoor Mohammed Al Hamed, Managing Director & CEO of Mubadala Energy, said: "Today's announcement is further evidence of our international growth strategy in action. The platform's integrated and responsible approach aligns with our plans to invest across the gas value chain in key global energy hubs where we can play a proactive role in balancing energy security and transition priorities while creating long-term value for our shareholder. We look forward to continuing our work alongside the Caturus and Kimmeridge teams." Production Milestone Caturus also announced it has surpassed a rate of 600 million cubic feet equivalent per day (MMcfe/d) of net production. This milestone reflects the strength of the platform's base and positions the company to achieve its long-term development plans of reaching 1 billion cubic feet equivalent per day (Bcfe/d) by 2029. Dave Lawer noted that "Crossing the 600 MMcfe/d threshold is a meaningful step toward our 1 Bcfe/d target, and long-term target of 3 Bcfe/d." Mr. Lawler added that "It is a testament to our team's capacity and deep experience to scale safely and efficiently across a competitive basin, as we prepare to become one of the top gas producers in the U.S." About Caturus Caturus is building America's leading integrated natural gas and LNG company to deliver responsibly sourced, low-emission fuel to domestic and international markets. The platform was founded by Kimmeridge and comprises Caturus Energy, formerly Kimmeridge Texas Gas, an upstream producer with 600 MMcfe/d across 200,000 acres in Texas, and Commonwealth LNG, a 9.5 mtpa liquefied natural gas export terminal project located on the U.S. Gulf Coast near Cameron, Louisiana. About Kimmeridge Founded in 2012 by Ben Dell, Dr. Neil McMahon and Henry Makansi, Kimmeridge is an alternative asset manager focused on the energy sector. The firm is differentiated by its direct investment approach, deep technical knowledge, active portfolio management, proprietary research, and data gathering. About Mubadala Energy Mubadala Energy is an international energy company, headquartered in Abu Dhabi. With a diversified portfolio of operated and non-operated assets spanning 11 countries, its primary geographic focus is in the Middle East and North Africa, Russia and Southeast Asia. Mubadala Energy is a wholly-owned subsidiary of Mubadala Investment Company, which is owned by the Government of Abu Dhabi. The company's portfolio is around 70 per cent gas, with an average working interest production of approximately 370,000 barrels of oil equivalent per day. In line with Mubadala Energy's commitment to play an active role in the energy transition, the company is expanding across the gas value chain and actively pursuing opportunities in new energy sectors. Media Inquiries: Daniel Yunger / Hallie Wolff / Emma CloydEmail: Kekst-Caturus@ Ph: 917-574-8582 / 917-842-1127 View original content to download multimedia: SOURCE Kimmeridge Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
