16 articles
ADNOC's investment arm XRG is negotiating to acquire a stake in Eni's Libyan oil and gas operations, though deals remain uncertain. Eni produces roughly 162,000 barrels daily in Libya, representing 10
TotalEnergies, Socar, and XRG approved a second phase for the Absheron gas-condensate field in Azerbaijan, targeting 6 billion cubic meters of annual production by 2029 for domestic use and exports to
Abu Dhabi’s XRG is exploring an acquisition of a stake in the Shell-led LNG Canada project to expand its natural gas portfolio amid regional supply disruptions. While discussions with partners like Pe
XRG President Rainer Seele predicts further consolidation in Europe’s chemical sector due to high costs, urging a shift toward specialty chemicals over base chemicals. He notes the US will benefit fro
Argentina's YPF, partnering with Eni and XRG, is close to securing LNG sales contracts for a $24 billion export plant with 12 million tons annual capacity, aiming for a final investment decision in No
YPF, Eni, and XRG have applied for Argentina's RIGI investment incentive regime for their $51 billion Vaca Muerta LNG project. The 12-million-ton annual capacity facility targets final investment deci
YPF applied for Argentina's RIGI investment scheme to develop a $51 billion LNG project using the Vaca Muerta shale formation. Backed by Eni and XRG, the project targets 12 million tonnes per year cap
BP and partners secured a license to develop Venezuela's Loran gas field, targeting 4 trillion cubic feet of production. The move expands regional LNG capabilities alongside Shell's parallel Manatee f
Portuguese energy firm Galp filed arbitration against Mozambique over a tax dispute concerning its 10% stake sale in the Area 4 Rovuma Basin oil project to XRG. The case involves disagreements over ca
Covestro raised its 2026 profit forecast after first-half EBITDA surged 64% to €669 million, as price hikes outpaced rising raw material costs. The German chemical giant also announced plans to delist
UAE state oil giant ADNOC launched a unified LNG marketing and trading platform integrating ADNOC Gas, XRG, and ADNOC Trading. The platform targets 47 million metric tons annually by 2035 to optimize
XRG, Eni, and YPF signed an agreement to develop three onshore blocks in Argentina's Vaca Muerta basin, serving as the core gas source for a planned 12-million-ton annual LNG project.
XRG and Eni have signed agreements to acquire 32% minority stakes each in three upstream blocks connected to Argentina's major LNG project. The assets in the Vaca Muerta basin aim to supply gas for 12
ADNOC is exploring upstream and LNG investment opportunities in Canada via its international arm XRG, aiming to expand abroad amidst Canada's push to diversify exports beyond the US market.
Adnoc’s XRG plans to acquire remaining Covestro minority shares at €59.46 per share after securing 95.1% ownership. This transaction marks the final step in consolidating control over the major chemic
Adnoc’s XRG secured final regulatory approval for its takeover of Covestro. The transaction closes soon, with Covestro retaining operational autonomy following completion.
ChemBrief