Energy, Oil & Gas

XRG boosts US LNG position with second Rio Grande stake buy

XRG, the international investment arm of Abu Dhabi National Oil Company (Adnoc), has completed the acquisition of an additional equity interest in Trains 4 and 5 of Rio Grande LNG at the Port of Brownsville, Texas, US, thus marking a significant step in the execution of its global gas strategy. ...

Energy, Oil & Gas

Adnoc unit XRG joins Eni to secure strategic Argentina gas assets

Abu Dhabi National Oil Company said its key unit XRG and top Italian petroleum company Eni have signed separate agreements with Argentina's state-controlled energy company YPF to acquire 32% stakes each in three upstream gas blocks in the Vaca Muerta shale formation. ...

Energy, Oil & Gas

Adnoc finalises strategic investment plan for SARB Deep Gas project

Abu Dhabi National Oil Company (Adnoc) has announced the Final Investment Decision (FID) for the SARB Deep Gas Development, a strategic project located offshore of UAE capital. The development will deliver 200 million standard cubic feet per day (scfd) of gas before the end of the decade. ...

Energy, Oil & Gas

ADNOC secures $2bn K-Sure-backed green projects funding

Abu Dhabi National Oil Company has signed a $2 billion green financing deal backed by Korea Trade Insurance Corporation (K-Sure) to fund lower carbon projects across its operations. This marks its first green financing facility backed by a Korean agency. ...