The year 2020 was a dramatic one for the global energy sector, with the Covid-19 pandemic slashing demand for hydrocarbons and upending market norms. Seeing that investment in oil and gas took a hit while renewable energy remained resilient, the pandemic is expected to result in a permanent realignment of the international energy market.
Although much of Abu Dhabi’s wealth may have been built on the sales of its crude oil and refined products, Abu Dhabi National Oil Company (ADNOC) is placing a growing emphasis on the emirate’s reserves of natural gas, some of which are sour or ultra-sour. ADNOC Sour Gas plans to increase production capacity to 1.45bn standard cu feet (scf)...
Oil and gas exploration in Abu Dhabi entered a new phase since 2018 as energy companies from North America, Europe and Asia competed in two rounds of bidding for licences to drill and develop onshore and offshore concessions. The use of competitive bidding rounds constitutes a new strategy for Abu Dhabi National Oil Company (ADNOC), as well as...
While the emirate continues to look for ways to increase the value of its onshore and offshore deposits, Abu Dhabi National Oil Company (ADNOC) is also reassessing its role in a changing global economy. The idea that some parts of the world are already experiencing a Fourth Industrial Revolution (4IR), in which artificial intelligence (AI),...
Abu Dhabi’s energy sector is poised for transformation in 2020 with the anticipated commissioning of the first nuclear energy plant in the Arab world. The Barakah Nuclear Energy Plant consists of four 1400-MW nuclear reactors and is located in the Al Dhafra Region of the emirate. Upon completion, the four units of the Barakah plant will...
Home to approximately 95% of the UAE’s total oil reserves and 92% of its natural gas, Abu Dhabi is one of the world’s leading hydrocarbons producers and its energy sector is among the most developed. The main player in Abu Dhabi’s oil and gas industry is Abu Dhabi National Oil Company (ADNOC), the largest company in both the emirate and the...
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