ADNOC Drilling reports $568 million profits driven by rig fleet expansion
ADNOC Drilling’s net profit for the nine-month period from January to September 2022 grew significantly, by 24% to $568 million, while revenue increased to $1.94 billion compared to the same…
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Is an oil war on the horizon?
While US has accused Saudi Arabia of siding with Russia after OPEC+ cuts, Saudi Arabia has firmly denied the accusations, noting that the oil cut is ‘purely economic’ When OPEC+…
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