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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ADNOC Drilling secures $980 million contract in a week
Abu Dhabi National Oil Company (ADNOC) has announced the award of a contract worth $980 million (AED3.6 billion) to ADNOC Drilling to hire two jack-up offshore rigs and associated manpower…
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ADNOC drills the world’s longest oil and gas well stretching 50,000 feet
ADNOC Drilling drilled the oil and gas well at Upper Zakum Concession. From Umm Al Anbar, one of ADNOC Offshore’s artificial islands, it stretches 50,000 feet and is around 800…
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ADNOC Drilling awarded nearly $1 billion contract to ramp up offshore production
ADNOC announced today the award of a contract worth $980 million (AED3.6 billion) to its subsidiary ADNOC Drilling to hire two jack-up offshore rigs and associated manpower and equipment. The…
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ADNOC, TAQA announce closure of $3.8 billion clean energy and decarbonisation transaction
Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) on Thursday announced the financial closing of their $3.8 billion strategic project to power and significantly…
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ADNOC awards $1.83 billion in major drilling deals
Abu Dhabi National Oil Co (ADNOC) announced on August 31 the award of five framework agreements valued at $1.83 billion for Directional Drilling and Logging While Drilling in line with…
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