For decades, Abu Dhabi National Oil Company (ADNOC) has been a catalyst for growth and development, due to its oversight of the emirate’s vast hydrocarbons resources. This role is now being strengthened by the company’s in-country value (ICV) programme, which is designed to boost domestic product and service suppliers, create highly-skilled...
Increasing gas production has been one of the most significant trends in Abu Dhabi’s energy sector over the past decade. Since 2010 annual production has increased by nearly 50% to 3.1trn standard cu feet (scf) in 2017, according to Statistics Centre - Abu Dhabi. The trend reflects the emirate’s increasing efforts to increase the extraction of...
Over the next five years Abu Dhabi National Oil Company (ADNOC), already one of the world’s biggest energy companies, plans to invest $45bn to become a global leader in the downstream segment, as part of its 2030 growth strategy. Central to this is the development of the Ruwais complex into the world’s largest integrated refining and chemicals...
During 2018 Abu Dhabi National Oil Company (ADNOC) has been working to restructure the offshore concessions once operated by Abu Dhabi Marine Operating Company (ADMA). The ADMA assets have been divided into three groups: Lower Zakum, Umm Shaif and Nasr, and Sateh Al Razboot (SARB) and Umm Lulu. A 40% interest in each concession has been...
Abu Dhabi has one of the world’s largest and most developed hydrocarbons industries, benefitting from its substantial resources and openness to international investment. Building on decades of steady growth and development, the sector is undertaking a shift. The drive to diversify has resulted in higher levels of investment in both non-conventional hydrocarbons and downstream capacity, and...
Abu Dhabi is the largest of the seven emirates that comprise the UAE, in terms of both its land mass and economy, and home to the majority of the country’s energy production and reserves. While the emirate is home to the world’s sixth-largest proven oil reserves, financial buffers have helped it diversify and yield steady non-oil revenues.
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