BP PLC Newsroom

Oil Prices Edge Lower on Weak Chinese Retail-sales Data

MarketWatch15:16 ET · Markets

The newly established energy giant in the UAE's first capital operation: joint venture with BP to integrate Henry Hub Natural Gas assets.

① Energy investment company XRG and BP have established a joint venture Arcius Energy, planning to build a Henry Hub Natural Gas asset portfolio to meet energy demands; ② XRG is the Global low-carbon energy and chemical investment company launched by the Abu Dhabi National Energy Company in November, and this joint venture is XRG's first major capital operation; ③ Arcius Energy is expected to officially commence Operation in the first quarter of 2025.

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Shell (SHEL.US) will invest $5 billion in a joint venture for deep-water oil wells in Nigeria, with a daily production of up to 0.11 million barrels.

Shell's subsidiary in Nigeria will start producing Oil & Gas at the Bonga North offshore floating facility by the end of this decade.

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BP, XRG Complete Formation of Arcius Energy Joint Venture

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BP, Adnoc Launch Regional Gas Platform Arcius Energy

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Oil Prices Dip Amid Supply Surplus Concerns In 2025

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