News

XRG bought a stake in NextDecade's Rio Grande liquefied natural gas export facility in Texas last year along with other ...
XRG (the international investment arm) of Abu Dhabi National Oil Company said on Tuesday that it aims to be a gas and Liquefied ...
OMV has sold its 5% stake in the Ghasha ultra-sour gas concession offshore Abu Dhabi in the United Arab Emirates.
Romania’s OMV has concluded the sale of its 5% stake in the Ghasha concession to Lukoil Gulf Upstream for $594m (2.63bn lei).
Austrian oil and gas firm OMV has signed an agreement with Lukoil Gulf Upstream, a subsidiary of Russia’s Lukoil, to divest ...
Consequently, Lukoil's stake in the project has increased to 10%.
The Mena region witnessed 225 M&A deals in Q1 2025, up from the 172 deals recorded in Q1 2024, reflecting a 31 per cent ...
In the MENA region, the UAE remained the top target country with 63 deals totaling $20.3 billion in Q1 2025. Kuwait ranked second in terms of deal proceeds, reaching $2.3 billion, driven by two major ...
VIENNA, 1st May 2025 (WAM) -- Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, today visited the headquarters of OMV in Vienna, ...
Following the acquisition of Austria-based OMV’s stake in the Ghasha concession in Abu Dhabi waters, Russian company Lukoil’s ...
New chemicals company with OMV isn’t just about economies of scale The new entity formed out of the ADNOC and OMV alliance will be the fourth largest polyolefin producer in the world - and ...