Stonepeak

Stonepeak is acquiring a majority stake in Castrol from bp for $10.1 billion. bp will retain a 35% stake, and CPP Investments will also invest. This strategic acquisition aims to support Castrol’s future growth, leveraging Stonepeak’s sector expertise and Castrol’s established brand and global presence. The deal is expected to close by the end of 2026.

Woodside has finalized the sale of a 40% interest in Louisiana LNG Infrastructure LLC to Stonepeak. Stonepeak will inject $5.7 billion into the project, contributing 75% of the CAPEX in 2025 and 2026. Woodside received approximately $1.9 billion upon closing and aims to boost shareholder returns. The partnership will accelerate LNG development and leverage Stonepeak’s investment expertise in the US gas infrastructure market. Louisiana LNG has a total permitted capacity of 27.6 Mtpa.