Energy, Oil & Gas

Adnoc, XRG, Mitsui sign strategic energy collaboration agreement

Adnoc and XRG have signed a Strategic Collaboration Agreement with Mitsui to expand cooperation across LNG, crude oil, sulfur, shipping and chemicals, while exploring international energy investments and strengthening long-term supply, logistics and market development initiatives. ...

Energy, Oil & Gas

Adnoc launches global LNG marketing, trading platform

Adnoc has launched a global LNG marketing and trading platform in Abu Dhabi Global Market (ADGM), integrating Adnoc Gas, XRG and Adnoc Trading to strengthen operations. The platform boosts flexibility, shipping optionality and customer access, supporting LNG expansion including the Ruwais project. ...

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

Arcius Energy invests $500m to develop Harmattan gas field

Arcius Energy, backed by BP and Adnoc’s XRG, approved a $500 million final investment decision to develop Egypt’s Harmattan gas field in the El Burg offshore concession, aiming to boost natural gas production for domestic demand. ...

Energy, Oil & Gas

Abu Dhabi's XRG inks deal with YPF, Eni to boost Argentina LNG sector

Abu Dhabi-based XRG has signed an agreement with leading Italian petroleum company Eni and Argentinian group YPF for the development of an integrated gas and liquefaction project on Argentina’s Vaca Muerta shale basin that will help position the country as a long-term global LNG supplier. ...

Energy, Oil & Gas

Abu Dhabi's XRG to acquire stake in Azerbaijan's Southern Gas Corridor

XRG, an international energy investment company based in Abu Dhabi, has signed an agreement with the Ministry of Economy of Azerbaijan to acquire an equity stake in Southern Gas Corridor CJSC (SGC)....

Energy, Oil & Gas

Carlyle 'in talks' with UAE partners on Russian Lukoil's $20bn overseas assets

US private equity firm Carlyle has begun talks with UAE investors to ‌bring in partners should its deal to buy Russian Lukoil's international assets worth $20 billion proceed, said a report. Lukoil boasts strategic stakes in European refineries as well as significant holdings in oil fields from Iraq to Kazakhstan. ...

Energy, Oil & Gas

XRG to acquire additional 7.6pc in Rio Grande LNG project

XRG, an energy investment company, will increase its stake in Rio Grande LNG, one of the world’s largest LNG export facilities in Brownsville, Texas, by acquiring an additional 7.6 per cent equity in Trains 4 and 5 from Global Infrastructure Partners, a BlackRock acquisition vehicle....

Energy, Oil & Gas

XRG to acquire stake in Southern Gas Corridor

XRG, the international energy investment platform launched by Adnoc in November 2024, has signed non-binding Heads of Terms to acquire a stake in Southern Gas Corridor (SGC) from the Ministry of Economy of Azerbaijan....

Energy, Oil & Gas

Masdar, XRG, Microsoft to enhance AI in Adnoc's value chain

Adnoc, Masdar, XRG, and Microsoft announced a strategic agreement to accelerate artificial intelligence (AI) deployment across Adnoc’s value chain, and to deliver energy solutions for Microsoft’s global AI and data centre growth....