Global upstream merger and acquisition (M&A) activity saw a significant decline in the first half of 2025, reaching just over $80 billion—a 34% drop compared to the same period in 2024.

SHARJAH: His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has approved the development of a new residential area for citizens in Al Dahiyat suburb of ...

The MENA Energy Recap is a quarterly review of key energy developments that took place in the region from April through June of 2025 and what they signal in the months ahead. The Recap views these ...

A bu Dhabi National Oil Company (ADNOC) has announced its plan to transfer a 24.9% shareholding in Austrian oil and gas ...

The move to transfer its 24.9% stake in OMV to XRG comes amid Adnoc working with the Austrian energy company to complete ...

DubaiADNOC will shift its 24.9 per cent holding in Austrian oil‐and‐gas group OMV AG into XRG P. J. S. C, the UAE sta ...

Adnoc’s proposed 46.94 per cent shareholding in the new entity is expected to be held by XRG upon completion of the ...

The transfer is subject to regulatory approvals and is aligned with Adnoc’s strategy to consolidate its international growth investments under XRG, Adnoc said on Wednesday ...

Adnoc plans to transfer its 24.9 per cent stake in Austrian energy company OMV to its international investment entity XRG, as the Abu Dhabi company seeks to consolidate its global investments under ...

Dubai: The UAE energy company ADNOC has transferred its 24.9% shareholding in global petrochemicals giant OMV to XRG, its ...

Abu Dhabi's Adnoc said it will transfer its 24.9% shareholding in Austria's OMV to its investment company XRG as part of its strategy to consolidate international investments in the unit. Adnoc, or ...

ADNOC will transfer its 24.9% stake in Austrian oil and gas group OMV AG (OMV) to its $80 billion lower-carbon energy and ...