Sultan Ahmed Al Jaber will replace Abdulla Nasser Al Suwaidi as general manager of state-run Abu Dhabi National Oil Company in a massive restructuring by Crown Prince…
READ MOREAbu Dhabi's Energy Industry
Christophe SASSOLAS
President of Total E&P UAE and Total Country Chair for the UAE
TOTAL
Abu Dhabi Energy Industry In Figures
UAE oil reserves97.8 billion barrels
UAE oil production3.67 million bopd
UAE gas reserves5.9 tcm
UAE gas production57 bcm
Abu Dhabi’s Energy Industry Growth
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.”
Abu Dhabi Energy Industry News and Articles
Tareq Qaddumi, CEO of SPETCO, talks about developing novel solutions for gas processing and expansion plans in Kuwait’s…
READ MOREThe Kuwait Authority for Partnership Projects has invited bids for the development and operation of the IWPP for Al Zour North.
READ MOREFaisal Malallah of Al Kout Industrial Projects talks about Kuwait's market for chemical products.
READ MOREADNOC has formally closed the acquisition of a key 24.9% stake in OMV AG, a global energy and chemicals group, from Abu Dhabi…
READ MOREDP World and Masdar have agreed to partner on exploring and implementing renewable energy systems at DP World's ports.
READ MOREChinedu Maduakoh of Topline talks about the narrative surrounding the Nigerian energy industry.
READ MOREShell announced its departure from the Abu Dhabi sour gas development at the Bab gasfield on January 18th. The announcement follows a day of tumultuous trading that saw…
READ MORERaed Al Rayes, deputy chief executive and general manager of the Arab Petroleum Investments Corporation (APICORP), discusses investments for oil and gas industry…
READ MOREIn an economic environment rife with depressed oil prices, markets are under pressure to optimise and extend the lifecycle of assets. International consultancy Xodus…
READ MOREUAE operator Mubadala Petroleum and state-run China National Petroleum Corporation, better known as CNPC, have signed a co-operation agreement on Monday that foresees…
READ MOREAndrew Vaughan, Shell’s vice-president for the Middle East, talks to TOGY about the potential for sour gas development in Abu Dhabi, health and safety regulations in…
READ MORECreative product development and specialised equipment is at the forefront of production in Abu Dhabi. TOGY spoke with John Lynch, the Regional Director of AEG Power…
READ MOREThe UAE is seeking to increase natural gas production and reduce dependence on imports. Statoil’s Middle East vice-president Neri Askland describes the advantages of…
READ MORETransocean signed a new $28-million contract with Abu Dhabi-based offshore company Bunduq Oil, the offshore drilling contractor announced in its fleet status report on…
READ MOREGulf Agency Company Oman general manager Daniel Nordberg talks to TOGY about Oman’s developing logistics industry and highlights the growing competition among…
READ MOREWHOSE PLATFORM IS THIS?
ASK US
- Do you have a question for The Energy Year about oil and gas?
- If we know, we’ll tell you.
- If not, we’ll ask the experts in the field.