Mubadala Investment company (Mubadala), the Abu Dhabi National Oil Company (ADNOC), and ADQ Holding company announced that they are signed a Memorandum of Understanding (MoU) to establish Abu Dhabi Hydrogen Alliance (the Alliance).

The Egyptian House of Representative passed 12 exploration and production (E&P) bills that allow the Minister of Petroleum and Mineral Resources to sign contracts with different oil and gas E&P companies.

The Minister of Petroleum and Mineral Resources, Tarek EL Molla, announced that the new 12 petroleum agreements on which the cabinet has approved, worth minimum $1 billion in addition to $19 billion as a signature bonus for drilling 21 wells.

Head of the UAE-based Mubadala, Musabbeh Al Kaabi said Egypt has become a hub for foreign investments in the field of oil and natural gas sector, adding that the UAE is seeking to enhance cooperation with Egypt by extending the rate of Emirati investments here. According to Al-Ahram.

Emirati and Indonesian companies signed agreements worth a total of $9.7 billion during a state visit by the Abu Dhabi Crown Prince Mohammed bin Zayed to Indonesia.

Abu Dhabi’s Mubadala has agreed to sell a 30-40% stake in Cepsa to the US-based global investment firm, Carlyle Group.

Egypt has approved the sale of a 25% stake in Eni's offshore exploratory Noor concession to BP.

The Abu Dhabi National Oil Company (ADNOC) signed an agreement with Mubadala group on November 14 to explore more downstream investment opportunities.

UAE's Mubadala company reached an agreement to buy a 20% stake in the Noor offshore concession from Eni.

Abu Dhabi’s investment company Mubadala plans to list 25% of Spanish oil company Cepsa, of which it owns 82.5%, in an initial public offering (IPO).