NEWS
Abu Dhabi - November 25, 2020
The UAE has relaxed its rules on foreign ownership of companies set up within the emirates, allowing 100% foreign-held businesses.
The move is seen as a bid to…
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Abu Dhabi Overview
in figures
UAE oil reserves105 billion barrels
UAE oil production3.99 million bopd
UAE gas reserves5.9 tcm
UAE gas production62.5 bcm
Abu Dhabi: Reform and New Partnerships
Abu Dhabi, the largest of the seven emirates, holds total proven reserves of 92.2 billion barrels of oil, making the UAE among the top 10 nations by reserves size. The Abu Dhabi National Oil Company (ADNOC) is responsible for nearly all of its oil and gas production, which stand at close to 4 million bopd and 277.5 mcm (9.8 bcf) per day.
Oil and gas has been the UAE’s economic axis, representing 40% of its GDP over the last decade. Yet the country is pushing to diversify its economy, building a strong manufacturing sector where metal processing (i.e. aluminium) and chemicals (i.e. fertilisers) have been important areas of growth. This is part of the UAE’s “Vision 2030,” which aims to reinforce non-oil sectors. However, oil still represents around 30% of the country’s exports.
The Energy Year Abu Dhabi 2021 is currently in production, and will provide comprehensive insights on the full scope of the country’s energy industry. Our last report, The Oil & Gas Year Abu Dhabi 2019, is the most up-to-date investment guide on the country’s hydrocarbons industry. It was produced and published in partnership with the Ministry of Energy and ADNOC.
Interview
Abu Dhabi - January 11, 2021
Nabil Al Alawi, CEO of AlMansoori Specialized Engineering, talks to The Energy Year about the importance of creating an…
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NEWS
Abu Dhabi - December 21, 2020
Abu Dhabi’s ADNOC has awarded the first offshore block in the emirate’s second competitive bid round to a consortium of…
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Interview
Abu Dhabi - December 16, 2020
Obaid Abdulla Al Dhaheri, CEO of Dolphin Energy, talks to The Energy Year about the latest developments in the Dolphin Gas…
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NEWS
Abu Dhabi - December 09, 2020
Abu Dhabi has awarded exploration rights for onshore Block 5 to US independent Occidental, ADNOC announced on Wednesday.
The…
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Interview
Abu Dhabi - December 08, 2020
Abdourazak Kone, general manager of Emirates Western Oil Well Drilling & Maintenance Company, talks to The Energy Year about how…
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NEWS
Abu Dhabi - November 30, 2020
Abu Dhabi’s ADNOC has awarded a 3D-seismic contract expansion worth USD 519 million to BGP, a subsidiary of China National…
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NEWS
Abu Dhabi - November 23, 2020
Abu Dhabi’s Supreme Petroleum Council (SPC) announced the discovery of an estimated 22 billion barrels of onshore unconventional oil resources on Sunday.
The SPC…
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Interview
Abu Dhabi - November 17, 2020
Martin Pearson, director of Mazrui Energy Services (MES), talks to The Energy Year about the company’s strategy on in-country value (ICV) and the importance of making…
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NEWS
Abu Dhabi - November 11, 2020
Abu Dhabi’s ADNOC and French super-major Total have achieved first gas at the Ruwais Diyab unconventional gas concession, the NOC announced on Wednesday.
The…
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