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J.P. Morgan

June 23, 2026

EU Oil And Gas Early Riser

Daily UpdateEquitiesCommoditiesRates CreditEnergyUtilities

This report covers key updates in the global energy sector, highlighting Eni and Saipem's major offshore project in Angola and a new natural-gas-fired power partnership between Chevron and Microsoft.

Key Takeaways

  • 1.Eni approved the final investment decision for the Greater PAJ project in offshore Angola.
  • 2.Saipem won a $1bn offshore contract from Azule Energy for the Greater PAJ project.
  • 3.Chevron signed a 20-year natural-gas-fired power agreement with Microsoft for a data-center campus in West Texas.

Table of Contents

  • Key Newsflow
  • JPM Global Energy Spec Sales Content
  • Oil Macro and Flows
  • Company News
  • Macro
  • Global Oil & Gas Research
  • JPM Natural Gas and NGL Reservoir
  • JPM OFS and Equipment
  • JPM E&P Shale Well Watcher
  • International Refining
  • California Refining
  • Refining Weekly
  • SM Energy (Overweight), United States
  • EOG Resources (Neutral), United States
  • Baker Hughes (Overweight), United States
  • Chevron Corp (Overweight), United States
  • Murphy(Neutral), United States
  • J. P. Morgan Global Oil & Gas Access
  • Sector Calendar
  • J.P. Morgan Global Oil & Gas Contacts

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Authors

Ian Mitchell

Securities

ENISPMCVXMSFT

Themes

Energy Infrastructure GrowthData Center Power DemandOffshore Development

Regions

GlobalAfricaMiddle EastUnited StatesAngolaQatar