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

ABU DHABI, 16th December, 2024 (WAM) -- XRG and bp today announced they have reached financial close and completed the formation of their new joint venture (JV) and international natural gas platform - Arcius Energy. Announced in February 2024, the JV is 51% owned by bp and 49% by XRG, ADNOC's transformative energy investment company.

The new joint venture will combine the pair's deep technical capabilities and p