Abu Dhabi National Oil Company (ADNOC), one of the largest producers within OPEC, is undergoing a dramatic transformation. ADNOC’s CEO has made several statements suggesting that the NOC is set for a more diversified future, in which downstream and natural gas will become a major priority. The NOC aims to not only challenge the leading IOCs such as Shell, Total and ENI, but also compete with the major downstream and gas giants. Until now ADNOC has been heavily focused on oil, as Abu Dhabi’s gas reserves were limited. Last year’s success in setting up operations and production at the Al Hosn field, a giant sour gas field, has helped to change that. New deals presented during ADIPEC 2018, which is still ongoing, further highlight the growing role of natural gas in the country. ADNOC announced two major new gas deals with Italian oil and gas major ENI and French […]