ADNOC Drilling Acquires Majority Stake in Deep Well Services for $223 Million
by Arabian Post Staff -Dubai ADNOC Drilling, a subsidiary of Abu Dhabi National Oil Company, has finalized the acquisition of a 95% stake in the U.S.-based …
Tag: Drilling
ADNOC Drilling Reports 30% Surge in Third Quarter Profit
ADNOC Drilling, a subsidiary of the Abu Dhabi National Oil Company, has reported a remarkable 30% increase in its net profit for the third quarter …
ADNOC Drilling and Alpha Dhabi JV Expands Stake in Gordon Technologies
A joint venture between ADNOC Drilling and Alpha Dhabi has secured an expanded stake in Gordon Technologies, marking a significant development in the energy sector. …
Kuwait Secures $640M Drilling Deal with Saudi Firm
Kuwait has solidified a substantial partnership with Saudi Arabia’s Al Khafji Joint Operations (KJO) by signing a $640 million contract for drilling services. This agreement …
Adnoc Drilling to Join MSCI Indices After August 30
Adnoc Drilling has confirmed its inclusion in MSCI indices, effective from the close of markets on August 30, 2024. This significant move marks a pivotal …
ADNOC Drilling Boosts Revenue Forecast to $3.85 Billion for 2024
ADNOC Drilling, a key subsidiary of the Abu Dhabi National Oil Company (ADNOC), has revised its revenue forecast for 2024 to $3.85 billion, reflecting strong …
ADNOC Drilling, Alpha Dhabi Complete $45 Million EV Holdings Acquisition
ADNOC Drilling and Alpha Dhabi have finalized their acquisition of EV Holdings, marking a significant move in the energy sector. The deal, valued at $45 …
Abu Dhabi Awards Surge in Drilling Contracts
The Abu Dhabi National Oil Company (ADNOC) has seen a significant uptick in drilling contract awards in 2024, signaling potential growth for the emirate’s oil …
New endangered listing for rare lizard could slow oil and gas drilling
Federal wildlife officials declared the dunes sagebrush lizard an endangered species due to threats from energy development. The U.S. Fish and Wildlife Service said the …
ADNOC Drilling Soars to New Heights in First Quarter
ADNOC Drilling Company, a leading oil and gas drilling services provider, continues its impressive performance streak, achieving record first-quarter revenue and Earnings Before Interest, Taxes, …