Santos has signed a two-year deal to supply LNG to QatarEnergy Trading, with deliveries starting in 2026.
READ MOREChristophe SASSOLAS
President of Total E&P UAE and Total Country Chair for the UAE
TOTAL
UAE oil reserves97.8 billion barrels
UAE oil production3.67 million bopd
UAE gas reserves5.9 tcm
UAE gas production57 bcm
Abu Dhabi’s oil and gas industry has rapidly grown on the back of its substantial hydrocarbons potential. The UAE is among the top 10 nations by reserve size despite covering an area of only 84 thousand square kilometres. The Abu Dhabi National Oil Company (ADNOC) is responsible for nearly all the country’s oil and gas production. Given profits and royalties from its oil and gas industry, the country has traditionally poured high levels of investment into its greenfield projects to keep reserves and production on an even keel.
The oil and gas sector is the UAE’s economic axis, representing 40% of its GDP. However, the country has strongly pushed to diversify its economy through its Vision 2030 initiative, including building strong manufacturing and downstream sectors. While non-oil sectors are becoming a more prominent part of the country’s GDP, the hydrocarbons sector remains its key economic pillar and main enabler of diversification.
The UAE is also pushing the growth of renewables in its energy mix. The government has targeted 50% of its power generation coming from nuclear and renewables by 2050. “We now see advanced renewable energy sources increasingly growing their share of the energy mix,” H.E. Eng. Awaidha Murshed Ali Al Marar, chairman of the Abu Dhabi Department of Energy, told The Energy Year. “Nuclear energy is safer than most other sources when it comes to delivering reliable, steady, and stable energy. Its low carbon emissions make it a promising way forward to a cleaner, greener world.”
Fred Silva of Navilog Group talks about the company’s new partnership for offshore services in Angola.
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Caturus has closed USD 9.75 billion in project finance and reached a positive FID on the Commonwealth LNG project in the US.
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ADNOC Drilling is prepared to expand the UAE’s oil production capacity beyond 5 million bopd by 2027 as the country advances…
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ADNOC and TAQA have signed a long-term utilities development deal for the TA’ZIZ Industrial Chemicals Zone in the UAE.
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With Masdar, ENGIE has reached financial close on the 1.5-GW Khazna Solar PV project in the UAE, its largest development to date.
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Urja Bharat, a joint venture between IndianOil and Bharat Petroleum, has announced two oil discoveries in Abu Dhabi’s onshore…
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Masdar has signed its first PPA in Angola for a 150‑MW solar project, launching the 500‑MW Project Royal Sable.
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Santos has signed a two-year deal to supply LNG to QatarEnergy Trading, with deliveries starting in 2026.
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Ayman Khattab of Baker Hughes talks about technologies that support the UAE’s energy and decarbonisation objectives.
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Yinson Production has secured USD 1 billion from an international consortium to fuel growth in the FPSO sector.
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XRG, ADQ and Carlyle have made a final offer for 100% of Santos at $5.76 per share, valuing the company at $18.7 billion.
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Abu Dhabi has awarded three new oil and gas production concessions to ADNOC and partners JODCO, Eni, PTTEP and PIOL.
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In addition to breaking ground on record-breaking energy projects, the UAE is fast-tracking initiatives to become a global green finance hub.
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Luc Koechlin of EDF Middle East talks about the company’s state-of-the-art clean electricity projects in the GCC.
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The UAE's National Rail Project is laying down 1,200 kilometres to transform freight and passenger transport in the region.
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Thomas Pramotedham, CEO of Presight, talks to The Energy Year about accelerating the digital transformation of the UAE’s industries and positioning the country as a…
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Ali El Ali of Zakher Marine International talks about new services enabled by the company’s growing fleet of vessels.
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