Tokyo Gas Co., Ltd. has announced the sale of its Eagle Ford shale gas assets to Shizuoka Gas Co., Ltd. for US$130 million. The assets were originally acquired in 2016 and have contributed to Tokyo Gas’s overseas business growth for eight years. The decision to sell the assets is part of Tokyo Gas’s strategy to optimize its asset portfolio and improve asset efficiency in the shale gas business in the United States. Tokyo Gas will now focus on its assets in the East Texas and North Louisiana area. The sale marks a shift in the company’s approach to its shale gas development projects in the US. Readers can find more information about this development in the latest issue of Oilfield Technology magazine, which covers upstream news, project stories, industry insight, and technical articles. The January/February 2025 issue of the magazine includes articles on enhancing offshore safety, digital technology, drilling, EOR, and predictive maintenance. For more details on the Tokyo Gas asset sale, readers can visit the following link: https://www.oilfieldtechnology.com/drilling-and-production/25022025/tokyo-gas-announces-sale-of-eagle-ford-shale-gas-assets/
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