TotalEnergies Signs $1.8 Billion African Infrastructure Deal With BlackRock's GIP

Sempra Infrastructure, a subsidiary of Sempra, signed a 20-year agreement on September 14 to sell roughly 0.8 million tonnes of liquefied natural gas a year to Petrobras, the first time a South American company has signed on as an LNG customer. The volumes will flow from Port Arthur LNG Phase 2, a Texas project that reached a positive final investment decision in September 2025 and is expected to bring its two liquefaction trains online in 2030 and 2031, adding about 13 million tonnes of capacity and nearly doubling the total Port Arthur facility to roughly 26 million tonnes a year. Sempra's second-quarter 2026 GAAP earnings jumped to $1.21 per diluted share from $0.71 a year earlier, while adjusted earnings rose to $1.16 from $0.89, and management raised full-year GAAP EPS guidance to a range of $5.02 to $5.55 while keeping its 7% to 9% long-term earnings growth target intact. In Texas, ERCOT set an all-time peak load of 91 gigawatts in July and regulators have endorsed more than $7 billion of new transmission spending to support 16 gigawatts of that growth, with a newly approved interconnection process called Batch Zero potentially making roughly 44 gigawatts of large-load requests eligible for service. Sempra's five-year capital plan calls for roughly $65 billion of spending, backed partly by asset sales including a deal to sell 45% of Sempra Infrastructure Partners to KKR affiliates and a separate sale of its Ecogas México unit, both still working through final approvals.

Targa Resources reported a record second quarter on August 6, with adjusted EBITDA of $1.60 billion, up 38% from a year earlier, and management now expects full-year results near the top of its guidance range. Adjusted EBITDA also rose 14% from the first quarter, helped by Permian gas volumes that added over 450 million cubic feet of daily throughput, while NGL pipeline, fractionation and LPG export volumes all set records with the help of Train 11, a new fractionator in Mont Belvieu, Texas. The East Driver processing plant serving the Midland side of the Permian started up late in the quarter and ahead of schedule, and on July 16 Targa declared a $1.25 per share quarterly dividend, 25% above the payout for the second quarter of 2025, payable August 14 to holders of record on July 31, while spending $80 million buying back shares during the quarter. Targa plans about $4.5 billion in net growth spending this year, and its consolidated debt stood at $19,578 million on June 30, with about $3.2 billion of liquidity as a cushion; in July it extended its receivables securitization facility to July 30, 2027 and raised the size to as much as $800 million. Management tied the higher outlook partly to strong marketing margin and optimization work in the first two quarters, income that can be lumpy, while lower natural gas prices trimmed gathering margins and Waha curtailments showed producers can pull back when local prices turn ugly.