U.S. Energy Giants Invest $60 Billion in Oil and Gas in the United Arab Emirates

Written by Carla Teles

Published on 19/05/2025 at 14:39

Updated on 19/05/2025 at 20:25

Investimento de US$ 60 bi! Empresas dos EUA apostam em petróleo e gás dos Emirados Árabes com a ADNOC. Veja os detalhes da parceria estratégica.

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Agreements Between ADNOC and American Companies Aim to Increase Production Capacity in Strategic Fields, Strengthening Bilateral Cooperation in the Oil and Gas Sector.

The Abu Dhabi National Oil Company (ADNOC), from the United Arab Emirates (UAE), has strengthened its ties with major U.S. energy companies. Agreements were made to increase oil and gas production capacity in two giant fields. This could enable US$ 60 billion in American investments in the UAE’s energy sector.

Strategic Partnership Strengthens Ties in the Oil and Gas Sector

The deepening energy ties with American companies were announced during a trade dialogue between the UAE and the U.S., with then-President Donald Trump. It is estimated that these oil and gas investment agreements will result in US$ 60 billion in American investments over the lifetime of the projects. In return, the value of UAE energy investments in the U.S. is expected to reach US$ 440 billion by 2035.

Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology of the UAE and CEO of the ADNOC Group, highlighted the mutual commitment. “The deeply rooted bilateral relationship between the United Arab Emirates and the U.S. is sustained by our shared commitment to enable energy abundance,” he stated. He also sees significant opportunities in partnerships at the energy-AI nexus.

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Expansion of Upper Zakum and Shah Gas Field

ADNOC has established a development plan with ExxonMobil and the Japanese Inpex. The aim is to expand the offshore oil and gas capacity of Upper Zakum, in Abu Dhabi. The expansion will occur in phases to sustainably increase production and meet global demand for low-carbon intensity barrels. Recently, ADNOC Drilling was contracted to provide three rigs for this expansion.

Additionally, ADNOC has signed a strategic collaboration agreement with Occidental. The focus is to explore ways to increase production capacity of the Shah gas field. The goal is to increase from 1.45 billion standard cubic feet per day (bscfd) to 1.85 bscfd of natural gas. The Shah field, located 180 km from Abu Dhabi, is one of the largest in the world. Its expansion will provide more gas for domestic industrial growth and for export as liquefied natural gas (LNG).

Strategic Investments in Oil and Gas in the U.S., Including Carbon Capture

The U.S. is considered a priority market for XRG, ADNOC’s energy investment arm. XRG is poised to drive investments across the American energy value chain. The focus includes oil and gas, gas infrastructure, LNG, specialty chemicals, and energy.

In this regard, XRG has established a framework agreement with 1PointFive, a subsidiary of Occidental. The agreement aims to assess a potential investment in a direct air capture (DAC) project in Kleberg County, Texas. This project aims to remove up to 500,000 tons of CO₂ per year, with XRG considering a capital commitment of up to one-third of the total cost.

New Exploration License for Unconventional Oil Granted to EOG Resources

The Supreme Council for Financial and Economic Affairs of Abu Dhabi (SCFEA) has granted a new exploration license for unconventional oil. Block 3 onshore has been allocated to EOG Resources, an American exploration and production company. This block covers 3,609 square kilometers in the Al Dhafra region.

ADNOC will oversee exploration activities and has the option to participate in a subsequent production concession. ADNOC claims that this is the first concession of its kind for a U.S. company. This underscores the attractiveness of Abu Dhabi’s oil and gas sector.

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U.S. Energy Giants Invest $60 Billion in Oil and Gas in the United Arab Emirates

Agreements Between ADNOC and American Companies Aim to Increase Production Capacity in Strategic Fields, Strengthening Bilateral Cooperation in the Oil and Gas Sector.

Strategic Partnership Strengthens Ties in the Oil and Gas Sector

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Expansion of Upper Zakum and Shah Gas Field

Strategic Investments in Oil and Gas in the U.S., Including Carbon Capture

New Exploration License for Unconventional Oil Granted to EOG Resources

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U.S. Energy Giants Invest $60 Billion in Oil and Gas in the United Arab Emirates

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