Adnoc’s global energy investment arm, XRG, is partnering with Malaysia’s Petronas to enhance its presence in Central Asia by acquiring a stake in Turkmenistan’s offshore gas and condensate field. This strategic collaboration is expected to significantly boost XRG’s operations in the region. Under the terms of the agreement, Petronas will hold a 57 percent stake...
Australia’s Woodside Energy announced on Wednesday that it is exploring opportunities for collaboration with Saudi Aramco, which may acquire a stake in its $17.5 billion liquefied natural gas (LNG) project in Louisiana. Following the announcement, shares in Woodside, the country’s top gas producer, surged nearly 4%. The agreement could also enable Aramco to secure LNG...
Adnoc has signed significant liquefied natural gas (LNG) supply agreements with Chinese companies, marking a crucial step in enhancing economic ties between the UAE and China, the world’s second-largest economy. Under a 15-year contract with a subsidiary of ENN Natural Gas, Adnoc will supply up to one million tonnes of LNG annually, as reported by...