Saudi Arabian Oil Company (Saudi Aramco) has signed two separate Memorandums of Understanding with Abu Dhabi National Oil Company (ADNOC) and with Masdar, Abu Dhabi's renewable energy Company, covering energy and technology collaboration, renewables, and carbon management. Under the terms of the MoU between ADNOC and Saudi Aramco, the two companies will collaborate on identifying technologies that could deliver improved operational performance and efficiency across the oil and gas value chain.