Despite being home to the world’s seventh-largest natural gas reserves, with 215trn standard cu feet (scf), according to the “BP Statistical Review of World Energy 2015”, the UAE has been a net importer of gas since 2008. Indeed, according to the US Energy Information Administration (EIA), over the past decade the UAE’s imports of natural gas...
With Abu Dhabi’s growing demand for gas, how does ADNOC plan to ensure future supply for its own operations and for the emirate?
The Abu Dhabi authorities have set an ambitious recovery target of 70% for the emirate’s maturing oilfields. Achieving this goal will require the implementation of sophisticated advanced technology, including enhanced oil recovery (EOR) techniques. At the same time, Abu Dhabi National Oil Company (ADNOC) has set a sector goal of 75%...
As greenhouse gas emissions continue to rise and the threat of global warming looms ever larger, the world faces a conundrum: how to reduce the amount of harmful CO being released into the atmosphere in a global economy that continues to rely on fossil fuels for the majority of its energy requirements.
While fossil fuels remain the mainstay of Abu Dhabi’s economy, in recent years the emirate’s authorities have nonetheless expended considerable efforts to place it at the forefront of global initiatives to advance renewable energy. The culmination of these efforts occurred in June 2015, when Abu Dhabi’s Masdar City played host to the opening...
July 2015 marked a watershed moment in the Arab Gulf’s decades-long history of cheap oil, as the UAE became the region’s first country to remove subsidies for transport fuel. Abu Dhabi-based daily The National reported on July 28, 2015 that prices for 95-octane unleaded petrol rose overnight from Dh1.72 ($0.47) per litre to Dh2.14 ($0....
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