Abu Dhabi National Oil Company (ADNOC) said Thursday it had set a new world record for the longest oil and gas well, at its Upper Zakum offshore concession.'Stretching 50,000 feet [15240 meters], the well is around 800 feet [243.84 meters] longer…
Abu Dhabi National Oil Company (ADNOC) and its international partners have awarded two contracts totaling more than $3.4 billion (AED12.6 billion) to ADNOC Drilling to hire eight jack-up offshore rigs. 'The contracts, valued at $1.5 billion (AED 5…
ADNOC Drilling Company PJSC on Wednesday confirmed the award of contracts worth $2 billion to support the world’s largest offshore sour gas development, ADNOC’s Ghasha offshore mega gas project, offshore Abu Dhabi.The contracts are valued at $1…
Abu Dhabi National Oil Company (ADNOC) earlier this month announced a $548 million contract to build a new main gas line at its Lower Zakum field offshore of Abu Dhabi. ADNOC said the award would increase Lower Zakum field’s gas production capacity…
UAE-based drilling contractor ADNOC Drilling said Monday it had signed a sale and purchase agreement to acquire two premium offshore jack-up drilling rigs.The two new drilling rigs, being acquired from Well Target Five Limited and Well Target Six Limited…
Abu Dhabi National Oil Company (ADNOC) on Thursday awarded a $1.17 billion (AED4.3 billion) contract to ADNOC Logistics & Services (ADNOC L&S) for the hire of 13 self-propelled jack-up barges.ADNOC said the jack-ups would help it drive offshore…
Abu Dhabi National Oil Company (ADNOC) on Thursday awarded framework agreement awards worth $1.94 billion 'to enable drilling growth.'The company, which plans to boost crude oil production capacity to 5 million barrels per day (mmbpd) by 2030…
Abu Dhabi's ADNOC Drilling reported on Friday a rise of 6.1% in 2021 net profit, with revenues boosted by its onshore and oilfield services businesses.Net profit for 2021 was $603.9 million, up from $569 million in the year-earlier period.Revenues increased to $2…
ADNOC Drilling posted a rise of almost 50% in third-quarter profit on Wednesday, driven by new rigs and reactivation of others this year, in addition to an increase in oilfield services.The unit of Abu Dhabi National Oil Company, which went public last month…
ADNOC Drilling shares jumped more than 30% as the unit of Abu Dhabi oil giant ADNOC started trading on Sunday after its $1.1 billion initial public offering (IPO), the largest ever on the Abu Dhabi stock market.ADNOC Drilling, whose share offering attracted more than $34 billion in demand…
Oilfield services and energy tech firm Baker Hughes has entered a partnership with AIQ, an artificial intelligence JV between the Abu Dhabi National Oil Company's (ADNOC) with Group 42 (G42). The partners will collaborate to create advanced analytics solutions for the global oil and gas industry…
ADNOC Drilling said on Monday it intended to list on the Abu Dhabi bourse, with its parent company Abu Dhabi National Oil Co (ADNOC) selling a minimum 7.5% stake in an initial public offering (IPO).This is the second public flotation of a company…
U.S. contract oil and gas driller Helmerich & Payne (H&P) will invest $100 million in the initial public offering (IPO) of Abu Dhabi National Oil Company's drilling unit, the companies said in a joint statement.The cornerstone investment by…
State oil giant Abu Dhabi National Oil Co (ADNOC) has increased to 11% of share capital the size of the initial public offering (IPO) of its drilling unit, ADNOC Drilling, because of oversubscription, the firm said on Wednesday.ADNOC had previously targeted a minimum stake of 7…
State oil giant Abu Dhabi National Oil Co (ADNOC) has completed bookbuilding for the initial public offering (IPO) of ADNOC Drilling, raising more than $1.1 billion, it said on Monday.The offering was oversubscribed, with total gross demand amounting to more than $34 billion…
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