Abu Dhabi National Oil Company’s plan to deploy tens of billions of dollars into the US natural gas sector marks a wider shift in Gulf energy strategy, with ADNOC’s overseas investment arm XRG moving ...
An LNG tanker managed by UAE's ADNOC has crossed the Strait of Hormuz and appears to be near India, ship-tracking data showed on Monday ... Adnoc did not immediately respond to a Reuters request for comment.
The push is being led through XRG, ADNOC’s international investment arm, which is examining 29 potential transactions as it seeks to build a vertically integrated gas business outside its home market.
The oil major is in advanced talks to sell its South African downstream assets to the Abu Dhabi National Oil Company (Adnoc) in a deal estimated at $1 billion (about R16.4bn), signalling a significant shift in the country’s fuel retail landscape.
ADNOCCEOSultan Al Jaber said 50 days of disruption in the Strait of Hormuz have blocked nearly 600 million barrels of oil, putting increasing pressure on global supplies of LNG, jet fuel, fertiliser ...