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    <title>Aaj TV English News - World</title>
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    <copyright>Copyright 2026</copyright>
    <pubDate>Tue, 12 May 2026 20:04:55 +0500</pubDate>
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      <title>ADNOC Drilling ready to expand UAE oil capacity past 5 million bpd target if asked</title>
      <link>https://english.aaj.tv/news/330458857/adnoc-drilling-ready-to-expand-uae-oil-capacity-past-5-million-bpd-target-if-asked</link>
      <description>&lt;p&gt;&lt;strong&gt;ADNOC Drilling is ready to expand the United Arab Emirates’ oil ‌production capacity beyond its current target of five million barrels per day (bpd) by 2027 if the Gulf state gives the green light, the company’s chief financial officer told &lt;em&gt;Reuters&lt;/em&gt; on Tuesday.&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;“We’re ready to deliver any ​production capacity that ADNOC needs,” Youssef Salem said in an interview, referring to state-owned ​parent firm the Abu Dhabi National Oil Company.&lt;/p&gt;
&lt;p&gt;The UAE, which quit OPEC ⁠on May 1 to free itself from production quotas, could boost its output capacity to ​six million bpd if necessary, Energy Minister Suhail al-Mazrouei said last year.&lt;/p&gt;
&lt;p&gt;ADNOC Drilling has outpaced the ​UAE’s accelerated capacity goals, reaching 142 deployed rigs by 2025, well ahead of a previous target of 127 rigs by 2030, Salem said.&lt;/p&gt;
&lt;p&gt;“We have multiple providers from China and elsewhere to bring in the rigs, we ​have the technologies, we have multiple partnerships with Baker Hughes, Schlumberger, Patterson, others, we have ​the teams. So we have everything we need to kind of produce any form of demand from ADNOC,” ‌he ⁠said, noting that first-quarter well deliveries rose from a year earlier.&lt;/p&gt;
&lt;p&gt;The Abu Dhabi-listed firm has shielded its operations from recent shipping disruptions and tensions in the Gulf stemming from the US-Israeli war on Iran, he said.&lt;/p&gt;
&lt;p&gt;“We had no impact at all from the events,” Salem said. “All the ​rigs kept working. We ​kept the availability ⁠of 98% of the rigs throughout the quarter.”&lt;/p&gt;
&lt;p&gt;To bypass the Strait of Hormuz, the company relies on land routes, the east coast port of ​Fujairah and a two- to three-month inventory buffer.&lt;/p&gt;
&lt;p&gt;ADNOC Upstream CEO Musabbeh ​al-Kaabi told ⁠&lt;em&gt;Reuters&lt;/em&gt; this month that the company expects a final investment decision this year on its unconventional gas project with TotalEnergies, followed soon after by a call on a separate unconventional oil project with ⁠EOG ​Resources and Petronas.&lt;/p&gt;
&lt;p&gt;Drilling is rapidly advancing to support these ​milestones, Salem said, with nearly 100 first-phase wells completed and more than 60 hydraulically fractured. EOG’s joining the oil project ​after initial results was a positive signal, he added.&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>ADNOC Drilling is ready to expand the United Arab Emirates’ oil ‌production capacity beyond its current target of five million barrels per day (bpd) by 2027 if the Gulf state gives the green light, the company’s chief financial officer told <em>Reuters</em> on Tuesday.</strong></p>
<p>“We’re ready to deliver any ​production capacity that ADNOC needs,” Youssef Salem said in an interview, referring to state-owned ​parent firm the Abu Dhabi National Oil Company.</p>
<p>The UAE, which quit OPEC ⁠on May 1 to free itself from production quotas, could boost its output capacity to ​six million bpd if necessary, Energy Minister Suhail al-Mazrouei said last year.</p>
<p>ADNOC Drilling has outpaced the ​UAE’s accelerated capacity goals, reaching 142 deployed rigs by 2025, well ahead of a previous target of 127 rigs by 2030, Salem said.</p>
<p>“We have multiple providers from China and elsewhere to bring in the rigs, we ​have the technologies, we have multiple partnerships with Baker Hughes, Schlumberger, Patterson, others, we have ​the teams. So we have everything we need to kind of produce any form of demand from ADNOC,” ‌he ⁠said, noting that first-quarter well deliveries rose from a year earlier.</p>
<p>The Abu Dhabi-listed firm has shielded its operations from recent shipping disruptions and tensions in the Gulf stemming from the US-Israeli war on Iran, he said.</p>
<p>“We had no impact at all from the events,” Salem said. “All the ​rigs kept working. We ​kept the availability ⁠of 98% of the rigs throughout the quarter.”</p>
<p>To bypass the Strait of Hormuz, the company relies on land routes, the east coast port of ​Fujairah and a two- to three-month inventory buffer.</p>
<p>ADNOC Upstream CEO Musabbeh ​al-Kaabi told ⁠<em>Reuters</em> this month that the company expects a final investment decision this year on its unconventional gas project with TotalEnergies, followed soon after by a call on a separate unconventional oil project with ⁠EOG ​Resources and Petronas.</p>
<p>Drilling is rapidly advancing to support these ​milestones, Salem said, with nearly 100 first-phase wells completed and more than 60 hydraulically fractured. EOG’s joining the oil project ​after initial results was a positive signal, he added.</p>
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      <category>World</category>
      <guid>https://english.aaj.tv/news/330458857</guid>
      <pubDate>Tue, 12 May 2026 17:24:41 +0500</pubDate>
      <author>none@none.com (Reuters)</author>
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        <media:title>People walk past a logo of Abu Dhabi National Oil Company at a conference in Abu Dhabi, on November 3, 2025. Reuters</media:title>
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