XRG, an international energy investment company based in Abu Dhabi, has signed an agreement with the Ministry of Economy of Azerbaijan to acquire an equity stake in Southern Gas Corridor CJSC (SGC).
Abu Dhabi-based XRG has signed an agreement with leading Italian petroleum company Eni and Argentinian group YPF for the development of an integrated gas and liquefaction project on Argentina’s Vaca Muerta shale basin that will help position the country as a long-term global LNG supplier.
US private equity firm Carlyle has begun talks with UAE investors to bring in partners should its deal to buy Russian Lukoil's international assets worth $20 billion proceed, said a report. Lukoil boasts strategic stakes in European refineries as well as significant holdings in oil fields from Iraq to Kazakhstan.
Shell has agreed to sell its 16.67 per cent non-operated stake in Australia’s North West Shelf project to XRG subsidiaries for $1.45 billion, subject to customary adjustments and an additional milestone-linked contingent payment.
Adnoc, Masdar, XRG, and Microsoft announced a strategic agreement to accelerate artificial intelligence (AI) deployment across Adnoc’s value chain, and to deliver energy solutions for Microsoft’s global AI and data centre growth.
XRG, the international energy investment platform launched by Adnoc in November 2024, has signed non-binding Heads of Terms to acquire a stake in Southern Gas Corridor (SGC) from the Ministry of Economy of Azerbaijan.
AI investment and adoption are accelerating across the global energy sector, with 62 per cent of industry leaders ranking it a top corporate priority, according to a new ADNOC, XRG and Microsoft report, which also highlights growing returns and infrastructure challenges.
XRG, a lower-carbon energy company and a unit of Adnoc Distribution, has entered into a deal with Global Infrastructure Partners (GIP), a part of BlackRock, to increase its stake in Rio Grande LNG, deepening its exposure to one of the world’s largest LNG export facilities, located in Texas, US.
XRG, an energy investment company, will increase its stake in Rio Grande LNG, one of the world’s largest LNG export facilities in Brownsville, Texas, by acquiring an additional 7.6 per cent equity in Trains 4 and 5 from Global Infrastructure Partners, a BlackRock acquisition vehicle.
