Saudi Arabia’s state news agency has announced that the country’s oil giant, Aramco, has made significant discoveries by locating 14 new oil and natural gas fields in the Eastern Region and the Empty Quarter. This development is particularly important as many major oil producers are currently facing budget constraints due to low prices in the...
Abu Dhabi-based company XRG has announced the completion of its acquisition of a 10% stake in the Area 4 concession of the Rovuma Basin in Mozambique from the company Galp. This strategic move is part of XRG’s efforts to enhance its global presence in the liquefied natural gas (LNG) sector. The acquisition is significant as...
The CEO of the Abu Dhabi National Oil Company (ADNOC), Sultan Al Jaber, announced that ADNOC’s international investment arm, XRG, plans to make a significant investment in U.S. natural gas over the coming months. This announcement was made during a major gathering of energy executives in Houston, where Al Jaber emphasized the need to “make...
ADNOC Gas plc and its subsidiaries have established a significant long-term strategic partnership with the Emirates Water and Electricity Company (EWEC) to bolster the UAE’s energy transformation. This landmark agreement includes a 10-year flexible natural gas sales and purchase contract between ADNOC Gas Facilities LLC and EWEC, valued at $10 billion. The announcement was made...