Sponsored by RCP - OGV Energy
International

Adnoc among top 10 oil and gas firms worldwide, new ranking finds

Adnoc among top 10 oil and gas firms worldwide, new ranking finds

 

State-owned Abu Dhabi National Oil Company is among the top 10 most influential companies and organisations in the energy sector, a new ranking from research and intelligence firm GlobalData found.

The firm was ranked sixth on the list and was the only Middle Eastern company to be featured.

The UAE accounts for 4.2 per cent of global oil production, much of it from assets owned and operated by Adnoc, according to the BP Statistical Review of World Energy 2018. The state-firm, which GlobalData noted was the 12th-largest oil company by production, has undertaken a strategic overhaul, unveiling its downstream and gas strategy last year, as it looks to become an integrated energy player regionally and internationally.

Paris-based independent organisation, International Energy Agency, was ranked top of the list by GlobalData. The intergovernmental organisation was established following the oil crisis of the early 1970s to address policy matters regarding the energy needs of industrial countries.

The US Energy Information Administration, which publishes data and analyses on oil production, took second position, while Exxon Mobil, one of the largest Big Oil firms with revenues of $237.1 billion at the end of 2017 came in third.

State-owned China National Petroleum Corporation, the only Asian company on the ranking, took fourth position. The company had upstream successes in the Middle East last year, notably winning concessions with Adnoc to explore oil and gas onshore and offshore in Abu Dhabi.

The US Department of Energy, which regulates policy on energy in the US, was fifth on the GlobalData list. The US became a dominant player in the global energy markets last year, outpacing sovereign producers Saudi Arabia and Russia with its peak production of 11.5 million barrels per day last year.

The US also became a net exporter of crude, thanks to surging production from its shale basins. Others featured on the list include ConocoPhillips, Brazil’s Petrobras, Opec and Swiss commodity trading company Glencore.

 

Source: The National

Published: 07-01-2019

Share:

Subscribe for the Latest News and Updates

Marketing Permissions

OGV Energy will use the information you provide on this form to be in touch with you and to provide updates and marketing through the following methods:

  • Email
  • Direct Mail
  • Customised Online Advertising

Read the latest issue of the OGV Energy magazine

More News

Latest Magazine Banner

Marine and Lifting - OGV Magazine - Issue 87

WellPro Group Banner

WellPro Group Banner - OGV Energy

Cegal Banner

Leyton Banner

Leyton Banner

Advertise with OGV Energy Banner