Abu Dhabi oil boost gathers momentum
Projects aimed at delivering ambitious production growth are gathering pace
Abu Dhabi National Oil Company (Adnoc) has a target to increase output by almost 15pc from 3.5mn bl/d in late 2018—when it outlined its new strategy—to 4mn bl/d by the end of 2020, and to 5mn bl/d by 2030. A number of projects that form part of a $132bn five-year investment plan to help achieve them are beginning to motor ahead. And the firm is seeing progress not just in development and production, but also in exploration. In November last year, the country’s Supreme Petroleum Council (SPC) unveiled a rare revision to the UAE’s reserves figures—revealing that recent discoveries in Abu Dhabi totalling some 7bn bl had increased the federation-wide tally to 105bn bl, thereby leapfrogging Kuwa
Also in this section
1 August 2025
A number of companies have filed arbitration claims against Gazprom over non-deliveries of contracted gas or other matters—and won. The next step is to collect the award; this is no easy task but it can be done thanks to an international legal framework under the New York Convention.
1 August 2025
Europe’s refining sector is desperately trying to adapt to a shifting global energy landscape and nowhere is this more apparent than in its largest economy
1 August 2025
The Middle East natural gas playbook is being rewritten. The fuel source offers the region a pathway to a cleaner, sustainable and affordable means of local power, to fasttrack economic development and as a lucrative opportunity to better monetise its energy resources.
31 July 2025
TotalEnergies is an outlier among other majors for remaining committed to low-carbon investments while continuing to replenish and expand its ample oil and gas portfolio, with an appetite for high risk/high return projects.
