Dubai: ADNOC's investment platform XRG along with Abu Dhabi investment giant ADQ is making a move to buy the Australian ...

OMV AG and ADNOC signed an agreement in March to consolidate their polyolefin businesses, with ADNOC also agreeing to acquire NOVA Chemicals Corp. to be transferred to the new joint venture (JV).

ALSO READ: Adnoc and OMV agree $60bn Borouge-Borealis merger deal. In October 2023, Adnoc and its partners awarded $16.94bn of engineering, procurement and construction (EPC) contracts for its Hail ...

ADNOC remains operator with 70% interest. Lukoil increases its stake to 10% (having first acquired a 5% stake in 2019), alongside partners Eni (10%) and PTTEP (10%) ( OGJ Online, Oct. 15, 2019 ...

This is reported in a press release from OMV. As part of the deal, OMV sold a 5% stake in the Ghasha oil and gas project worth a total of $20 billion for $594 million, net of a commission of $100 ...

It would be the largest acquisition of an upstream international oil and gas company by a state-owned one. Adnoc’s $18.7 billion bid for Australia’s Santos, in partnership with private equity giant ...

Romania’s OMV has concluded the sale of its 5% stake in the Ghasha concession to Lukoil Gulf Upstream for $594m (2.63bn lei). This deal elevates Lukoil's total stake in the Abu Dhabi-based field ...

Dubai, UAE – According to the latest EY MENA M&A Insights 2024 report, the MENA region witnessed 225 M&A deals in Q1 2025, up ...

Abu Dhabi state oil giant ADNOC on Thursday sought EU approval under the bloc's foreign subsidies rules for its 14.7-billion-euro ($16.4 billion) acquisition of German chemicals company Covestro ...

Oil prices have spiked on the back of a lower-than-expected OPEC+ production hike, wildfires in Canada, and rising geopolitical risk.

MOSCOW, May 30. /TASS/. OMV sold its 5% stake in the Ghasha oil and gas project in Abu Dhabi to Russian oil major Lukoil for $594 mln, the Austrian company said in a statement.

OMV has agreed the sale of 5% stake in the Ghasha concession to Lukoil for the overall cash consideration of $594 million, less a $100 million transaction fee. After the sale, Lukoil has increased its ...