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Adnoc to Shift USA Assets to New Global Unit XRG

Abu Dhabi National Oil Co.’s holdings in a hydrogen venture with Exxon Mobil Corp. and NextDecade Corp.’s liquefied natural gas export project will move to XRG, according to Chief Executive Officer Sultan Al Jaber. XRG aims to invest in technologies that power the energy transition and the shift to advanced technologies, Al Jaber wrote in a column on the news website Semafor.