A slimmer, fitter Adnoc
With an eye on new paths being followed by NOCs in the neighbourhood, Abu Dhabi is injecting new energy into the firm
Things are changing at the Abu Dhabi National Oil Company (Adnoc). The top floor of its towering new office on the Corniche has been transformed into a Google-type open space. Adnoc, long staid and unambitious, has embarked on the difficult path of transformation into a modern, capable national oil company, a change essential for its host emirate and country. Adnoc has long been unusual amongst its peers. Firstly, given the UAE's federal structure, it doesn't operate fields across the whole country. It operates under the aegis of the Supreme Petroleum Council (SPC), not the federal Ministry of Energy, though the minister, Suhail al-Mazrouei, represents the UAE in Opec. Secondly, it never wen

Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure