ADNOC | Egypt Oil & Gas - Part 2

ADNOC to Reassign its ownership in OMV to XRG.

ADNOC plans to allocate its ownership stake of  24.9% in OMV AG (OMV) to XRG P.J.S.C. (XRG), its fully owned international investment arm. This planned transfer is pending regulatory approvals.It is expected to su ...

XRG-Led Consortium Proposes $19B Acquisition of Santos Energy

A consortium led by ADNOC’s (Abu Dhabi National Oil Company) subsidiary, XRG, including the International Energy Investment Company, ADQ (Abu Dhabi Development Holding Company), and global investment firm Carlyle, ...

Egypt’s Modern Gas Completes Major Project in UAE

Modern Gas, an Egytian joint stock company with operations in both Saudi Arabia and the United Arab Emirates (UAE), announced the successful completion and operation of its integrated natural gas project in Al Jub ...

ADNOC Gas’ Net Income Grows 7% YoY in Q1 2025

ADNOC Gas plc, one of the affiliated companies of the Abu Dhabi National Oil Company (ADNOC) and a world-class integrated gas processing and sales company, announced that it achieved increase in its net income by ...

ADNOC, Mitsui Ink SPA for Supplying Lower-carbon LNG

ADNOC announced that it signed of a 15-year Sales and Purchase Agreement with Mitsui & Co., Ltd., for supplying up to 0.6 million tons per annum of LNG (mtpa) of lower-carbon LNG from its Ruwais LNG project.

AIQ, ADNOC Sign Contract to Deploy AI within ADNOC’s Operations

Building on the successful completion of a transformative proof-of-concept phase, AIQ – a Presight company – announced a landmark $340 million contract with ADNOC to deploy ENERGYai and associated AI solutions acr ...

ADNOC, OMV Partner to Form $60B Global Petrochemical Giant

ADNOC and OMV have entered into a binding framework agreement to combine their shareholdings in Borouge plc and Borealis AG into a new entity called Borouge Group International, worth over $60 billion. Upon comple ...

ADNOC Signs 15-Year LNG Supply Deal with Japan Osaka Gas for Ruwais LNG Project

 ADNOC has signed a 15-year Sales and Purchase Agreement (SPA) with Japan’s Osaka Gas for the delivery of up to 0.8 million tons per annum (mtpa) of Liquefied Natural Gas (LNG) from Ruwais LNG project in the UAE. ...

Egypt, UAE Explore Investment Opportunities for ADNOC in Egypt

On the sidelines of the World Government Summit in the UAE, Minister of Petroleum and Mineral Resources Karim Badawi held a bilateral meeting with Sultan Al Jaber, Minister of Industry and Advanced Technology of t ...

TA’ZIZ Awards $1.7B EPC Contract to SAMSUNG E&A for UAE’s First Methanol Plant

TA’ZIZ has signed an engineering, procurement and construction (EPC) contract with SAMSUNG E&A to construct  one of the world’s largest methanol plants in Al Ruwais Industrial City in Abu Dhabi. The plant is e ...

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