Recent developments
Upstream gas capacity
ADNOC approved the Final Investment Decision for the SARB Deep Gas Development within the Ghasha Concession, targeting 200 mmscfd by late decade. Operations will be remotely managed from Arzanah Island, using AI and existing infrastructure, with four wells tied back to Das Island and integration into ADNOC Gas facilities.
Helium portfolio divestment
Uniper launched the sale of its helium business, offering a portfolio of international purchase, sale, and storage agreements and a fleet of 11,000-gallon ISO containers. The transaction follows the European Commission’s 2022 state aid decision, with expressions of interest due by January 28, 2026; no personnel are included.
Large-scale green hydrogen
OMV is developing a 140 MW green hydrogen plant in Bruck an der Leitha, with up to EUR 123 million from aws after a positive European Hydrogen Bank assessment. The facility targets up to 23,000 t/y by end-2027 and annual emissions savings of up to 150,000 tons at the Schwechat refinery, with a joint venture with Masdar expected to close in early 2026, pending approvals.
Market themes
Activities included upstream gas development with digitalized offshore operations, large-scale green hydrogen supported by public funding and a JV structure, and helium portfolio restructuring aligned with EU state aid commitments.