Baker Hughes

Industry News

UAE Energy Project Pipeline Hits $210 Billion Across 136 Developments, EIC Reports

The UAE has 136 energy projects under development with an estimated capital expenditure of $210 billion, according to data presented by the Energy Industries Council (EIC). Oil and gas projects account for the majority of the pipeline, led by upstream developments representing nearly 40% of planned capex. The council noted that not all tracked projects have yet reached a final investment decision.

China–UAE News

ADNOC Drilling Prepared to Expand UAE Oil Capacity Beyond 5 Million Bpd

ADNOC Drilling is prepared to expand UAE crude oil production capacity beyond its 5 million barrels per day target if requested by parent firm ADNOC, according to CFO Youssef Salem. The company highlighted supply relationships with rig manufacturers from China and international technology partners. Operations have maintained a 98% rig availability rate despite regional shipping disruptions.