Petronas reached an agreement on Mar 10 with two companies in the United Arab Emirates (UAE), Abu Dhabi National Oil Company (ADNOC) and a renewable energy company Masdar to collaborate in the energy business. Masdar, an Abu Dhabi-based company, is a subsidiary of Mubadala Development Company, the investment company of the Abu Dhabi government. Petronas, ADNOC and Masdar are expected to work together on the entire value chain of energy resources. The three companies would cooperate in R&D and development of applied technology in the fields of enhanced hydrocarbon recovery, carbon capture, utilization and storage, gas sustainability, specialty chemicals, unconventional resources and hydrogen technologies. In the downstream sector, Petronas and ADNOC will explore cooperation in trading, including the supply of crude and feedstock and the offtake of refined products. Another potential area of cooperation is in liquefied natural gas (LNG) bunkering in the Middle East.