Category: XRG
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ADNOC’s XRG widens gas and LNG portfolio with Argentina and Caspian Sea deals
ADNOC’s XRG widens gas and LNG portfolio with Argentina and Caspian Sea deals XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which includes Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has taken steps to expand its footprint by firming up agreements to come aboard a proposed liquefied natural gas (LNG)…
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ADNOC’s XRG steps up its US LNG game with additional stake in Texas’ $31.8 billion project
ADNOC’s XRG steps up its US LNG game with additional stake in Texas’ $31.8 billion project XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which entails Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has augmented its interest in a liquefied natural gas (LNG) export project in Texas, United States…
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2025’s greatest trio of oil & gas, FPSO, and LNG mergers that never came to fruition
2025’s greatest trio of oil & gas, FPSO, and LNG mergers that never came to fruition While multiple consolidation moves have sprung up across the offshore energy and maritime arenas over the past 12 months, some never bore fruit. Offshore Energy has selected three business combination plays, regardless of whether they were born of truth…
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BP-ADNOC JV secures exploration rights for gas field off Egypt
BP-ADNOC JV secures exploration rights for gas field off Egypt Arcius Energy, an affiliate of the UK’s BP and the UAE’s ADNOC, has signed a deal with several partners enabling it to get exploration rights in a concession offshore Egypt. The post BP-ADNOC JV secures exploration rights for gas field off Egypt appeared first on…
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ADNOC eyes coming aboard $50 billion LNG project with Eni and YPF in South America
ADNOC eyes coming aboard $50 billion LNG project with Eni and YPF in South America Thanks to a deal with Italy’s energy giant Eni and Argentina’s oil and gas firm YPF, XRG, a subsidiary of the UAE-headquartered Abu Dhabi National Oil Company (ADNOC), has taken a non-binding step to join a proposed liquefied natural gas…
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$19 billion merger deal is off: ADNOC’s XRG ends takeover talks with Santos
$19 billion merger deal is off: ADNOC’s XRG ends takeover talks with Santos A consortium run by XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which includes Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has withdrawn its $18.7 billion non-binding indicative offer for Australia’s energy player Santos. The post…
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$19 billion Santos takeover in limbo: Four-week deadline extension looms as talks continue
$19 billion Santos takeover in limbo: Four-week deadline extension looms as talks continue Santos is facing a multi-week extension of the deadline for the negotiations surrounding an $18.7 billion non-binding indicative offer made by a consortium spearheaded by XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which entails Abu Dhabi Development Holding Company…
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$19 billion takeover bid takes step forward: Santos and ADNOC-led firm embark on talks
$19 billion takeover bid takes step forward: Santos and ADNOC-led firm embark on talks With a six-week exclusive due diligence period in effect, Australia’s energy player Santos has kicked off negotiations concerning an $18.7 billion non-binding indicative offer for all its shares with a consortium led by XRG, a subsidiary of Abu Dhabi National Oil…
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BP and ADNOC’s XRG bring new gas player into existence
BP and ADNOC’s XRG bring new gas player into existence BP and ADNOC, through its recently established investment arm, XRG, have given birth to Arcius Energy, a new regional gas platform, with an initial focus on the development of gas assets in Egypt. The post BP and ADNOC’s XRG bring new gas player into existence…