ADNOC Strengthens Energy Bonds with U.S. Companies

The Abu Dhabi National Oil Company (ADNOC) based in the UAE has taken significant steps to enhance its energy partnerships with major U.S. energy corporations. Through strategic agreements aimed at boosting oil and gas production, ADNOC is paving the way for substantial investments in both countries’ energy sectors.

Deepening Energy Ties

During the UAE-U.S. business dialogue with President Donald Trump, it was revealed that the collaboration between ADNOC and U.S. energy majors could lead to $60 billion in investments in the UAE’s energy industry. Simultaneously, the UAE is projected to invest $440 billion in the U.S. energy sector by 2035 as part of a larger $1.4 trillion investment plan.

Dr. Sultan Al Jaber, UAE’s Minister of Industry and Advanced Technology and ADNOC’s Managing Director, emphasized the importance of the bilateral relationship, stating, “The deep-rooted bilateral relationship between the UAE and the US is underpinned by our shared commitment to enabling energy abundance.”

ADNOC has inked agreements with ExxonMobil, Inpex, and Occidental to expand production capacity at the Upper Zakum offshore field and the Shah gas field. These collaborations aim to meet the rising global demand for energy while incorporating advanced technologies to ensure sustainable growth.

Exploration and Innovation

ADNOC’s energy investment arm, XRG, is also eyeing opportunities in the American energy market. XRG recently joined a consortium in the Caspian Sea and is evaluating a potential investment in a direct air capture project in Texas with Occidental’s subsidiary, 1PointFive.

Additionally, Abu Dhabi’s Supreme Council for Financial and Economic Affairs has granted an unconventional oil exploration concession for onshore Block 3 to EOG Resources. This move underscores Abu Dhabi’s appeal as a trusted investment destination in the energy sector.

Overall, these agreements between ADNOC and U.S. companies not only strengthen energy ties but also contribute to global energy security and market stability.