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 ...
Austrian oil and gas company OMV has forecasted positive results on its fourth quarter of 2024, expecting about €210 million ($215.4 million) of earnings driven by its German gas supply contract with Gazprom.
TotalEnergies has completed its acquisition of the stakes held by OMV and Sapura Upstream Assets in SapuraOMV Upstream, resulting in TotalEnergies now holding 50% of SapuraOMV, an independent gas producer based in ...
Using Maersk Intrepid, it will drill a high pressure, high temperature exploration well in the Oswig prospect in Block 30/5C of the Northern North Sea basin offshore Norway.
The Abu Dhabi National Oil Company (ADNOC) announced the official launch of its second trading arm ADNOC Global Trading (AGT), a joint venture (JV) between ADNOC, Eni and OMV, with shares of 65%, 20% and 15% respe ...
Eni announced that it has acquired a 20% equity interest in ADNOC Refining, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), as part of a $3.24 billion strategic partnership agreement.
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.
ADNOC inked two memoranda of understanding (MoUs) with OMV to cooperate in developing the downstream sector.
ADNOC inked on January 27 two new agreements with Eni and OMV for refining and new trading JV which will be jointly established by the three companies.
Austrian OMV has started oil production from the SARB and Umm Lulu fields off the coast of Abu Dhabi, and expects to produce 25,800 barrels per day (b/d) before the end of 2018.
