Abu Dhabi National Oil Co. has dropped its planned $19 billion takeover of Australian natural gas producer Santos. Read today's Australia Briefing by @Ben_Westcott for your daily dose of the best of Bloomberg from Down Under and around the world. https://t.co/99v8XKjax8 ...

Core Viewpoint - New Fortress Energy's shares surged by 8% following the announcement of a $4 billion liquefied natural gas supply agreement with Puerto Rico, despite previous setbacks with a larger proposal being rejected [1][2]. Group 1: Agreement Details - New Fortress Energy has secured a $4 billion agreement to supply liquefied natural gas to Puerto Rico over the next seven years, with an option for a three-year extension [2]. - This new agreement comes after a previous 15-year, $20 billion deal was denied by Puerto Rico's Financial Oversight and Management Board in July [2]. Group 2: Financial Challenges - The company is facing increasing financial pressures and struggles to turn a profit while managing mounting debt [4]. - New Fortress has been forced to sell billions in revenue-producing assets to address balance sheet issues, which may impact long-term cash flow [4]. Group 3: Market Sentiment - Despite the recent stock rally, there are concerns about the company's ongoing issues, leading to skepticism about its investment potential [5]. - Analysts from The Motley Fool Stock Advisor have identified other stocks as better investment opportunities, indicating a lack of confidence in New Fortress Energy [6][7].

Core Insights - Natural gas prices experienced a slight decline, closing down by 0.10% due to expectations of a larger-than-average build in weekly inventories [1] - Forecasts for late summer heat in the US are expected to boost natural gas demand, which may limit inventory buildup ahead of the winter heating season [2] - Increased US natural gas production has been a bearish factor for prices, with the EIA raising its 2025 production forecast [3] Inventory and Production - The consensus anticipates a rise of 81 billion cubic feet (bcf) in natural gas inventories for the week ending September 12, surpassing the five-year average of 74 bcf [1] - US dry gas production reached 106.0 bcf/day, marking a 5.0% year-over-year increase, while demand was 73.3 bcf/day, up 0.6% year-over-year [4] - The EIA reported a 71 bcf increase in inventories for the week ending September 5, exceeding market expectations and indicating adequate supply levels [6] Demand Factors - Electricity output in the US rose by 0.83% year-over-year to 81,346 GWh for the week ending September 13, supporting natural gas prices [5] - Forecasts indicate warmer temperatures across the US, particularly in the north-central region, which is expected to increase natural gas demand for electricity generation [2]

Core Viewpoint - Abu Dhabi National Oil Co. (Adnoc) has abandoned its $19 billion takeover bid for Australian natural gas producer Santos Ltd. due to disagreements over key terms, marking a significant retreat in its international expansion efforts [1][2][3]. Company Developments - The decision by Adnoc's XRG unit to withdraw from the Santos bid was influenced by a "combination of factors," primarily commercial disagreements regarding valuation and tax implications [2][3]. - XRG, launched to invest Abu Dhabi's capital in international markets, aimed to diversify the emirate's portfolio away from crude oil, but the failure to acquire Santos may hinder its M&A ambitions [3][12]. - Santos had previously received a proposal of $5.76 per share, which represented a 28% premium over its stock price at the time, but investor skepticism about the consortium's ability to finalize the deal was evident as shares remained below the offer price [4][5]. Market Reactions - Following the announcement of the failed bid, Santos' American depositary receipts fell by as much as 9.5% to $4.69, raising questions about the company's valuation and potential undisclosed issues [6]. Regulatory and Competitive Landscape - Adnoc's pursuit of Santos was not the first attempt, as Santos' CEO has previously rejected multiple offers from other companies, indicating a strong commitment to increasing output by 50% by the end of the decade [8][10]. - There has been opposition in Australia against foreign acquisitions, with labor unions urging the government to keep Santos under local ownership [10]. Future Outlook - Despite the setback with Santos, Adnoc and XRG remain committed to pursuing M&A opportunities, with plans to invest in gas-producing assets in the US and energy services for data centers [12][13].

Abu Dhabi National Oil says it will not proceed with a proposed $19 billion offer for Australian natural gas producer Santos https://t.co/sokOZlWEy7 ...

Core Points - Diversified Energy Company PLC announced a dividend of 29 cents per share for Q1 2025, payable on September 30, 2025, to shareholders registered by August 29, 2025 [2] - Shareholders opting for GBP sterling will receive 21.321 pence per share, based on the exchange rate of GBP 0.73520 to US $1.00 as of September 12, 2025 [3] - The company focuses on natural gas and liquids production, marketing, and well retirement, emphasizing a strategy of acquiring long-life assets and improving their performance [4] Company Overview - Diversified Energy Company is recognized for its sustainability leadership and aims to produce energy responsibly while generating reliable free cash flow and shareholder value [4] - The company employs a stewardship approach to ensure safe and environmentally secure asset retirement [4]

Group 1 - Natural gas is projected to be the only fossil fuel increasing its share in the energy mix of the US, China, and India by 2050, while oil and coal usage declines globally [1][2] - S&P Global forecasts that renewables will supply 20% of global energy by 2050, up from 4% currently, indicating a significant shift towards renewable sources [2] - The transition from coal to natural gas is driving energy changes in the US, Europe, and Southeast Asia, with India lagging behind, where fossil fuels currently account for 77% of primary energy use [3] Group 2 - India's energy mix is expected to see fossil fuels' share decrease to 66% by 2050, while renewables will rise to 16%, with natural gas serving as a transition fuel [3] - The Indian government is facilitating the energy transition by promoting LPG usage, reducing traditional biomass reliance from 38% to 19% through schemes like PAHAL [4] - India's National Green Hydrogen Mission aims for 5 million metric tons of green hydrogen production annually by 2030, supporting energy self-reliance and job creation [5]

Core Insights - Natural gas prices in the US have shown a recovery from a two-week low, driven by forecasts of increased demand due to late summer heat, which is expected to limit inventory buildup ahead of the winter heating season [2] - US natural gas production is at a near-record high, with the EIA raising its 2025 production forecast by 0.2% to 106.63 billion cubic feet per day (bcf/day) [3] - Natural gas inventories have increased, with a reported rise of 71 billion cubic feet (bcf) for the week ending September 5, exceeding market expectations and the five-year average [6] Production and Demand - US dry gas production reached 106.0 bcf/day, reflecting a year-over-year increase of 4.8% [4] - Lower-48 state gas demand was reported at 73.6 bcf/day, up 1.0% year-over-year [4] - Estimated LNG net flows to US export terminals were 15.2 bcf/day, marking a 4.0% week-over-week increase [4] Electricity Output - US electricity output for the week ending September 6 rose by 1.03% year-over-year to 83,003 GWh, with a 52-week period increase of 2.97% to 4,264,559 GWh [5] Inventory Levels - As of September 5, natural gas inventories were down 1.3% year-over-year but were 6.0% above the five-year seasonal average, indicating sufficient supply [6] - European gas storage was reported to be 81% full as of September 14, compared to the five-year seasonal average of 87% [6]

Company Overview - Spire Inc. is a natural gas company serving over 1.7 million customers in the United States, founded in 2000 and headquartered in St. Louis, MO [11] - The company generates more than 90% of its profits from regulated operations, providing a clear outlook on future earnings [11] - Spire operates over 60,000 miles of pipelines and has businesses in Gas Utility, Gas Marketing, and Midstream segments [11] Investment Insights - Spire has a Zacks Rank of 3 (Hold) and a VGM Score of B, indicating a moderate investment potential [12] - The Momentum Style Score for Spire is B, with shares increasing by 1.3% over the past four weeks [12] - Two analysts have revised their earnings estimates upwards for fiscal 2025, with the Zacks Consensus Estimate rising by $0.01 to $4.51 per share [12] - Spire has an average earnings surprise of +24.7%, suggesting a positive trend in earnings performance [12] Recommendation - With a solid Zacks Rank and strong Momentum and VGM Style Scores, Spire is recommended for investors' consideration [13]

Group 1 - The share price of Transportadora de Gas del Sur S.A. (NYSE:TGS) decreased by 20.23% from September 5 to September 12, 2025, making it one of the energy stocks that experienced significant losses during that week [1] - Transportadora de Gas del Sur S.A. is involved in the transportation of natural gas and the production and commercialization of natural gas liquids both in Argentina and internationally [2] - The decline in TGS's stock price is attributed to concerns following President Javier Milei's party's significant losses in local elections, raising doubts about his administration's capability to execute its economic reform agenda [3]