LNG

Abu Dhabi's sovereign wealth fund Mubadala Energy has backed Kimmeridge’s $13 billion Commonwealth LNG project in Louisiana with equity financing, enabling the project to reach financial close.

XRG, the overseas business unit of Abu Dhabi National Oil Company (ADNOC) is in talks to invest in an LNG export project that Argentina’s YPF is developing. The proposed LNG development, based on gas from the Vaca Muerta shale, seeks to establish Argentina as a regional exporter by the late 2020s.

Italian natural gas network and LNG terminal operator Snam, Europe's first company to test the injection of a blend of hydrogen and natural gas into its grid, has signed a cooperation accord with LNG producer Abu Dhabi on studying the potential of green gases.

Intercontinental Exchange, the leading operator of global energy derivative exchanges and clearing houses, said the launch of the world’s newest oil futures contract for liquefied natural exporter Abu Dhabi is on track for a March 29 debut.

Abu Dhabi, the wealthiest emirate in the United Arab Emirates, has taken a more than 5 percent stake in Cheniere Energy, the largest US exporter of liquefied natural gas from its Sabine Pass and Corpus Christi LNG export plants in Louisiana and Texas.

Abu Dhabi National Oil Co. (Adnoc) has signed two-year LNG supply agreements with BP of the UK and French major Total for the majority of its production through the first quarter of 2022 after scaling back its supplies to Japan.

Saudi Aramco, the Saudi Arabian oil producer and one of the world’s largest companies by revenue, and Abu Dhabi National Oil Company have signed a framework agreement to explore opportunities for cooperation in the natural gas and liquefied natural gas sectors between Saudi Arabia and the United Arab Emirates.

French energy major Total has been awarded a 40 percent concession by the Abu Dhabi National Oil Company, owner of the Das Island LNG export plant and other assets, in the Ruwais Diyab unconventional gas basin which Total says has the potential to be a high impact play ranking alongside the most prolific North American shale-gas plays.

Abu Dhabi National Oil Company (Adnoc), the leading energy group in the United Arab Emirates, has issued a plan of action for its recently discovered 15 trillion cubic feet of natural gas and substantial additional oil reserves while preparing to award new exploration licences early in 2019.

Oil Search, the Papua New Guinea company listed in Australia and with a stake in the PNG LNG plant and expansion, has named the Chief Executive of Mubadala Petroleum of the United Arab Emirates to its board of directors as the UAE firm now owns almost 13 percent of its shares.