BP awarded license for Venezuela Loran gas fields in partnership with XRG and UCC
BP has, in partnership with United Arab Emirates firm XRG, and a unit from Qatar's conglomerate UCC Holding secured a licence to explore and develop Venezuela's offshore Loran field's second phase…
Iran claims that a deal to open the Strait of Hormuz will be close, but not by itself
Iran announced on Saturday that it was nearing a deal to control the Strait of Hormuz with Oman, but this would not be sufficient to open the waterway. The United Arab Emirates confirmed on…
ADNOC executive: ADNOC is looking at Canada's upstream LNG and XRG opportunities through its XRG arm
A senior executive of the Abu Dhabi National Oil 'Company' said on Tuesday at the Global Energy Show, in Calgary, that it is exploring opportunities for its XRG international arm in Canada's liquefied gas and upstream sectors.
China's Xi: Rule of law is essential for Middle East Peace
China's president Xi Jinping rebuked the U.S. and Israeli war against Iran on Tuesday by saying that the international rule of law was essential to peace and stability in the Middle East. Xi…
Sources say that Bangladesh has secured diesel supplies amid major disruptions in energy supply
After the U.S. - Israel war 'on 'Iran, which disrupted shipments to garments and other industries, Bangladesh began receiving diesel from suppliers such as?China, India, officials said. The…
Iran War causes major disruptions in oil and gas
U.S. and Israeli war against Iran, and Tehran's attacks upon Gulf neighbours has caused oil and gas?exports to be disrupted and production stopped. Sources say that Saudi Aramco, the world's largest oil producer, cut its output Monday.
US-Israeli War on Iran Causes Major Oil, Gas Disruptions
Kuwait announced?cuts at the weekend due to the U.S. and Israel war against Iran. Analysts predict the United Arab Emirates (UAE) and Saudi Arabia, which are running out of oil storage, will have to reduce their output as well.
US-Israeli War on Iran Causes Major Oil, Gas Disruptions
The U.S. and Israeli war against Iran has caused oil and gas exports to be disrupted from the Middle East. Production was stopped from Qatar all the way up to Iraq. Kuwait announced cuts this weekend.
Sources: India cuts gas supply to industries following Qatar outage
Four industry sources with knowledge of the situation said that Indian companies reduced their natural gas supply to industries on Tuesday in anticipation of a tighter Middle East supply after top producer Qatar stopped production.
Sources: India cuts gas supply to industries following Qatar outage
Four industry sources said that Indian companies reduced their natural gas supply to industries on Tuesday in anticipation of a 'tighter supply' from the Middle East, after Qatar, the top producer, halted its production.
Minister says Austria will deepen its cooperation with Abu Dhabi
Austrian Economy Minister Wolfgang Hattmannsdorfer announced that the country plans to expand economic cooperation with Abu Dhabi following the creation of Borouge Group International (BGI), a chemicals company.
YPF's XRG and ADNOC XRG sign agreement to advance Argentina LNG Project
Argentine's state oil company YPF, Italy’s?Eni, and Abu Dhabi National Oil Company’s international investments arm XRG'signed a binding 'joint 'development 'agreement' to advance Argentina LNG.
RWE looks to buy LNG from ADNOC in Germany as it moves to diversify its supply
RWE signed a preliminary agreement with Abu Dhabi National Oil Company on Friday. The German utility stated that it could purchase LNG for European markets as Berlin strives to diversify their energy partners.
Borouge will be listed in Vienna by 2027, according to Austria's OMV.
Austrian oil and gas and chemicals group OMV beat market expectations on net income Wednesday. Its chemicals division was the main driver. Borouge, which recently merged, will be listed in Vienna by 2027.
Major Gulf bourses see gains as earnings season progresses
Investors focused on corporate earnings drove the early trading on Tuesday on major stock markets across the Gulf. Saudi Arabia's benchmark indices gained?0.4% led by an increase of 0.9% in Al?Rajhi bank.
ADNOC CEO: Oil demand will remain above 100 million barrels per day (bpd) through 2040
The head of the Abu Dhabi National Oil Company (ADNOC), said that 'global oil demand is expected to remain at or above 100 million barrels a day until 2040. Demand for both LNG and electricity are expected to grow 50% or more.
Minister says UAE wants to increase LNG exports because global demand is outpacing supply
Suhail al Mazrouei, the Energy Minister of the United Arab Emirates, said that his country plans to not only meet its domestic demand for natural gas liquefied, but to also increase exports.
Exxon freezes plans for major hydrogen plant amid weak customer demand
Exxon Mobil has halted plans to build one of the largest hydrogen production plants in the world due to low customer demand, CEO Darren Woods said in an interview with Business Insider on Friday.
Argentina's YPF anticipates La Angostura Sur will produce 80,000 bpd over the next few years
Maximiliano W. Westen, Vice President of Strategy at YPF, said that the company expects to produce more than 80,000 barrels a day in its La Angostura Sur Block over the next few years. YPF…
YPF and Eni sign an agreement with ADNOC’s XRG for the development of Argentina LNG project
YPF, Argentina and Eni, Italy have signed an agreement for the Abu Dhabi National Oil Company’s XRG Investment arm to participate in a liquefied gas project related to Argentina’s Vaca Muerta Field.