BlackRock (BLK), Brookfield Asset Management (BAM), Apollo Global Management (APO), and other infrastructure investors are encouraging oil and gas companies to offload their assets, the Financial Times reported Monday, citing talks at a closed-door meeting in Abu Dhabi.

The heads of Exxon Mobil (XOM), TotalEnergies (TTE), Eni (E), and BP were asked to divest more of their pipelines, storage terminals, and other assets for cash that could be allotted to their core businesses, according to the report.

The discussions come at a time when the sector faces challenges with lower prices and a lack of enthusiasm from public-market investors, the report said.

BlackRock, Brookfield, and Apollo did not reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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