Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Global oil benchmark resolves its existential crisis
The addition of US crude to the world’s top oil benchmark has finally solved its North Sea conundrum and laid down a marker for the future
Oil trading’s biggest bust – MG: The death spiral and aftermath
Kevin O’Reilly concludes the cautionary tale of the German conglomerate’s overreach with what went very, very wrong
Oil trading’s biggest bust – MG: Enter Arthur Benson
Kevin O’Reilly continues his three-part account of the hobbling of a German industrial giant with the arrival of the story’s central figure
Oil trading’s biggest bust – MG: What started to go wrong?
Kevin O’Reilly, with 27 years commodity trading experience, dives into one of the most compelling tales of how not to hedge your risks in the first of a three-part series
Chinese energy demand gets back on track
The signs point towards a comeback in 2023, but uncertainty around Covid remains a factor
Mideast upstream long-term outlooks diverge
The region’s producers have their own specific goals and face drastically different challenges
Arrow flies against Colombian headwinds
The company does not seem concerned about the effect on its growth plans of the new government’s proposed oil sector reforms, and is even looking at potential acquisitions
Confidence and fear in Adnoc’s new upstream plan
The Emirati heavyweight’s five-year investment blueprint calls for an accelerated oil and gas capacity ramp-up
US oil output to set new record
Partisan political rhetoric has not prevented production growth
Outlook 2023: High prices are a cure for high prices
History shows that the demand impact keeps any oil market spikes strictly temporary in nature
Abu Dhabi Oil markets ADNOC
Clare Dunkley
22 June 2020
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Adnoc toasts its resilience

Reforms in response to the last industry downturn have equipped Abu Dhabi’s oil heavyweight to cope with the current crisis

State-owned Adnoc has, according to chief executive Sultan al-Jaber, left behind its conservative past in a "transformation" over his four-year tenure that has positioned it to "better respond to changing market dynamics". His claims, made as he hosted Abu Dhabi’s Crown Prince Mohammed bin Zayed al-Nahyan at the firm’s flagship Ruwais refinery in mid-June, are not ill-founded. The company is nimbler and better able to cope than it was during the 2014-16 price crash. But it has still had to adopt some of the tactics it employed during the previous downturn— paring contractor costs, deferring some larger capital projects and looking to novel means to financially leverage its asset base.  Smart

Also in this section
Petroleum Economist: July/August 2025
3 July 2025
The July/August 2025 issue of Petroleum Economist is out now!
Middle East Gas Conference 2025
2 July 2025
The global energy community will converge in Dubai on 10 December for a landmark event dedicated to shaping the future of natural gas across the region
New Zealand backs gas, but results take time
30 June 2025
Government is sending out the right policy signals to support increased domestic gas development, but policy takes time to implement and even longer to yield results
Gas pricing finds a new norm
27 June 2025
Gas-on-gas competition pricing has grown its share of consumption significantly over the past two decades, primarily at the expense of oil-price-escalation pricing, according to the IGU

Share PDF with colleagues

Rich Text Editor, message-text
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Rich Text Editor, txt-link-message
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search

  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search