Drilling of two gas wells in Egypt's main Zohr Field will start next week targeting 220mn cubic feet per day of production with the arrival of a rig ...

intellinews.com

Drilling of two gas wells in Egypt Zohr Field to start next week, says petroleum minister

By Yousef Saba DUBAI (Reuters) –     BP and Abu Dhabi National Oil Company’s international investments arm XRG said on Monday they have closed a deal for a new natural gas joint venture in Egypt, as ADNOC expands its efforts to grow abroad. The joint venture, Arcius Energy, is 51% owned by BP and 49% owned by XRG. It will operate in Egypt initially. Naser Saif Al Yafei, an ADNOC veteran, was hired as Arcius’ chief executive. He most recently led…

Blue Water Healthy Living

Port Huron

St. Clair County

Michigan

United States

BP, ADNOC's XRG agree Egypt gas JV Arcius Energy - Blue Water Healthy Living

BP and XRG, ADNOC’s international energy investment company, have finalised the creation of Arcius Energy, a new joint venture natural gas platform that will initially concentrate on developing gas assets in Egypt. The financial close and formation of the joint venture were announced today, following the initial announcement of the partnership in

Daily News Egypt

Egypt

BP, ADNOC’s XRG launch Arcius Energy natural gas platform in Egypt

Pharaonic Petroleum Company, a bp and EGAS joint venture (JV), has concluded preliminary engineering studies for the project, the official noted

Zawya

EGAS, bp, Shell to begin production from Harmattan field in Q1 2026

Arcius Energy will focus on natural gas growth to meet growing regional demand while supporting Egyptian energy security and economic development The post ADNOC’s XRG, bp close deal to launch new natural gas JV appeared first on Gulf Business.

Gulf Business

ADNOC's XRG, bp close deal to launch new natural gas JV

XRG and bp have reached a financial close and completed the formation of their new joint venture (JV) and international natural gas platform, Arcius Energy. The joint venture, announced in February 2024, is 51 percent owned by bp and 49 percent by XRG, ADNOC’s transformative energy investment company. The new joint venture will combine the pair’s deep technical capabilities and proven development track records as it aims to grow a highly competi…

GCC Business News

XRG, bp to launch new natural gas platform 'Arcius Energy'

Abu Dhabi (Al Ittihad) - "XRG" and "BP" announced the completion of the establishment of the new company "Arkeus Energy", the regional natural gas platform, which is a joint venture in which "BP" owns a 51% stake, while "XRG", the international investment company in the field of low-carbon energy and chemicals, owned by "ADNOC", owns the remaining 49%. The project will combine the technical capabilities of the two companies and their proven reco…

أبوظبي (الاتحاد)أعلنت «XRG» و«BP» عن استكمال تأسيس الشركة الجديدة «أركيوس للطاقة»، منصة الغاز الطبيعي الإقليمية، والتي تعد مشروعاً مشتركاً تمتلك فيه «BP» حصة 51%، فيما تمتلك حصة الـ 49% شركة «XRG» الاستثمارية الدولية في مجال الطاقة منخفضة الكربون والكيماويات والمملوكة لشركة «أدنوك».وسيجمع المشروع بين القدرات التقنية للشركتين وسجلاتهما الحافلة بالإنجازات لتحقيق هدفهما المشترك بتنمية محفظة أعمال تنافسية في مجال الغاز.وستبدأ «أركيوس للطاقة» أعمالها…

«XRG» و«BP» تعلنان استكمال تأسيس «أركيوس للطاقة»

aletihad.ae

"XRG" and "BP" announce the completion of the establishment of "Arkeus Energy"

By Yousef Saba DUBAI (Reuters) - BP and Abu Dhabi National Oil Company's international investments arm XRG said on Monday they have closed a deal for a new natural gas joint venture in Egypt, as ADNOC expands its efforts to grow abroad. The joint venture, Arcius Energy, is 51% owned by BP and 49% owned by XRG. It

Drilling of two gas wells in Egypt Zohr Field to start next week, says petroleum minister

Coverage Details

Give the gift of Perspective

Bias Distribution

Ownership

Similar News Topics

Similar News Topics