Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Mideast upstream long-term outlooks diverge
The region’s producers have their own specific goals and face drastically different challenges
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
Adnoc and Petronas sign exploration deal
The Middle Eastern NOC is tapping Malaysian expertise to help it develop an unconventional resource
Adnoc aims to benefit from European IOCs’ new impetus
Appetite to replace Russian energy imports is providing a major fillip to the Emirati firm’s upstream development plans
Adnoc forgoes seasonal break
The Emirati heavyweight is racing to bring on new gas production to exploit rampant global thirst for the resource
Gulf’s oil heavyweights shop local
Aramco and Adnoc are channelling windfall oil revenues into furthering their government owners’ domestic economic development drives
New finds boost Adnoc’s output push
The Emirati firm continues to reap the benefits of recent licensing rounds, adding reserves as it works to increase production capacity
Adnoc maps out chemicals future
The Emirati oil heavyweight’s downstream strategy takes firmer shape
Abu Dhabi’s gas strategy hits its stride
Rising oil and gas prices and Europe’s pivot away from Russian imports add impetus to state-owned Adnoc’s gas development drive
Adnoc reaffirms oil and gas intent
New medium-term investment programme remains heavily focused on exploiting additional hydrocarbons
Abu Dhabi ADNOC
Clare Dunkley
21 June 2021
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Adnoc presses the upstream accelerator

Abu Dhabi has resumed the chase towards long-term capacity targets

State-owned heavyweight Adnoc is ramping its spending back up, buoyed by oil prices above $70/bl and the prospect of Opec+ cuts winding down in the second half of the year. The focus, somewhat unfashionably, remains on upstream oil and gas. The emirate’s government defiantly signalled confidence in the oil sector’s future—or at least determination to squeeze the maximum income from it in the time remaining—in April last year. Despite prices touching a two-decade nadir, it set a 5mn bl/d 2030 capacity target for its NOC, an increase of around 25pc. Various contributing projects were paused at the design stage for the duration of the market slump. In part, this was due to Adnoc’s IOC partners

Also in this section
Europe enjoys temporary respite from high gas costs
2 June 2025
More than anything else, weak Chinese gas demand is providing relief to EU consumers, but it is uncertain how long this relief will last
Gas may be bridge fuel for centuries
30 May 2025
Energy majors argue transition debate has started to factor in the complexities of demand shifts and the wider role for gas
Gabon eyes future post-Bongo
29 May 2025
Sovereignty is the watchword for the new government, but there are still upstream opportunities for those willing to work closely with the state
China’s pragmatic coal-to-gas strategy
29 May 2025
A cautious approach to coal-to-gas switching offers lessons to others who are looking to balance cost with cleaner energy

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