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bp and ADNOC launch Arcius Energy regional gas platform

Gas
December 16, 2024

bp and ADNOC investment company XRG have completed the formation of their new international gas platform joint venture Arcius Energy.

Announced in February, Arcius Energy is 51% owned by bp and 49% by XRG. The new joint venture will combine the pair’s technical capabilities and proven development track record.

Arcius Energy, initially to operate in Egypt, includes interests assigned by bp across two development concessions, as well as exploration agreements.

H.E. Dr. Sultan Ahmed Al Jaber, Executive Chairman of XRG, said Arcius Energy marks a new chapter in its long-standing partnership with bp, and fully aligns with XRG’s objectives to accelerate the transformation of energy systems and build a ‘world-scale integrated gas and chemicals portfolio’ to meet rising global demand.

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Gas
February 4, 2025

All change at Air Products: The rise of Menezes

The appointment by Air Products of former Linde executive Eduardo Menezes as CEO marks a notable change of direction for the industrial gas major. Here’s more on Menezes and on…

Gas
February 4, 2025

Ghasemi leaves strong if complex financial legacy

Air Products’ EBITDA margin graph over the last decade is in many ways a metaphor for Seifi Ghasemi’s up-and-down career. If we leave to one side, and look at the…