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02 January 04:46 PM

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10 June 2025 06:54 PM ADNOC Gas awards $5bn contracts for RGD’s 1st phase
Abu Dhabi – Mubasher: ADNOC Gas has awarded $5 billion in contracts for the first phase of its Rich Gas Development (RGD) project, according to a press release. The contracts aim to boost operational efficiency across four ADNOC Gas facilities: …
Companies Investments
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17 April 2025 02:39 PM ADNOC Drilling unveils $1.6bn contract award
Abu Dhabi – Mubasher: ADNOC Drilling Company received a letter of award for a $1.63 billion contract from ADNOC Offshore to provide directional drilling, drilling fluids, cementing, wireline logging and tubular running services. The five-year …
Companies Investments
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26 March 2025 04:00 AM ADNOC Distribution’s shareholders greenlight $700m dividends for 2024
Abu Dhabi – Mubasher: The shareholders of Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) approved a final cash dividend of $350 million (AED 1.28 billion) for the second half (H2) of 2024.The dividends will be disbursed in April
Cash Dividends
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26 February 2025 05:08 PM Dana Gas mulls AED 385m cash dividends for 2024
Abu Dhabi – Mubasher: The boars members of Dana Gas recommended a dividend payment of AED 385 million ($105 million) for 2024, according to a press release. The ADX-listed company will distribute 5.50 fils per share to the shareholders, boosting …
Board of Directors
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25 February 2025 07:37 PM EFG Hermes leads $2.8bn marketed offering for ADNOC Gas
Cairo – Mubasher: EFG Hermes, an EFG Holding Company, has completed a $2.84 billion marketed offering of ADNOC Gas shares on behalf of Abu Dhabi National Oil Company (ADNOC). The transaction covered the sale of approximately 3.10 billion shares, …
Companies Investments
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18 February 2025 01:49 PM ADNOC Distribution to launch 1st flagship service station in Egypt
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) is set to open its first flagship service station in Egypt during 2025, according to a press release. Located in New Cairo, the new station will feature an …
Global Economy
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13 February 2025 10:05 PM ADNOC Drilling’s net profits leap 26% in 2024; dividends unveiled
Abu Dhabi – Mubasher: ADNOC Drilling Company generated 26% year-on-year (YoY) higher net profits at $1.30 billion in 2024, compared to $1.03 billion, according to the financial results. The revenues hiked by 32% to $4.03 billion last year from …
Cash Dividends
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11 February 2025 03:21 PM ADNOC Distribution records robust performance in 2024 from higher operations in Saudi Arabia, Egypt
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) achieved its highest-ever earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $1.05 billion (AED 3.86 billion) in 2024. This marked …
Global Economy
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9 February 2025 11:10 AM Dana Gas ends 2024 with positive performance following Egypt’s consolidated concession deal
Abu Dhabi – Mubasher: The net profits of Dana Gas fell by 6% year-on-year (YoY) to $151 million (AED 553 million) in 2024 from $160 million (AED 586 million). The revenues grew by 5% in 2024, recording $445 million (AED 1.63 billion), compared to …
Financial Results
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6 February 2025 10:01 PM ADNOC Gas logs $4.7bn net income in 2024; dividends unveiled
Abu Dhabi – Mubasher: ADNOC Gas recorded net income amounting to $4.72 billion in 2024, marking a 6% year-on-year (YoY) from $5 billion. The revenues increased by 7% to $22.73 billion last year from $24.42 billion in 2023, according to the …
Financial Results
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27 January 2025 00:57 PM ADNOC Gas seals $450m LNG supply deal with JERA Global Markets
Abu Dhabi—Mubasher: ADNOC Gas and its subsidiaries penned a $450 million (AED 1.65 billion) liquefied natural gas (LNG) supply agreement with JERA Global Markets Pte. Limited, according to a press release. The three-year deal anchors the UAE-based …
Companies Investments
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12 January 2025 10:37 AM ADNOC Gas unveils $2.1bn deals to enhance global LNG supply infrastructure
Abu Dhabi—Mubasher: ADNOC Gas and its subsidiaries awarded three contracts for an LNG pre-conditioning plant (LPP) with a combined value of $2.10 billion. The awards cover the compression facilities and transmission pipelines to supply feedstock …
Companies Investments
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31 December 2024 02:48 PM ADNOC Drilling, Alpha Dhabi Holding’s JV acquires 51% stake in NTS AMEGA
Abu Dhabi – Mubasher: Enersol, a joint venture (JV) between ADNOC Drilling Company and Alpha Dhabi Holding, has acquired a 51% stake in NTS AMEGA. ADNOC Drilling announced completing the transaction on 31 December 2024, according to a bourse …
Companies Investments
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17 December 2024 09:42 PM ADNOC Drilling closes Turnwell JV with SLB, Patterson-UTI
Abu Dhabi – Mubasher: ADNOC Drilling Company has announced the closing of the Turnwell Industries LLC OPC joint venture (Turnwell JV) between ADNOC Drilling, SLB, and Patterson-UTI TW Holdings LLC, according to a press release. The CEO of ADNOC …
Companies Investments
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12 December 2024 04:07 PM Dana Gas receives $20m payment in Egypt
Abu Dhabi – Mubasher: Dana Gas has received nearly $20 million in payment from the Egyptian Government, bringing the total funds to $24.50 million during the fourth quarter (Q4) of 2024. This payment, which will be reinvested in the ADX-listed …
Companies Investments
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11 November 2024 11:40 AM ADNOC Gas logs 11% higher net income in Q3-24; stake acquisition deal unveiled
Abu Dhabi – Mubasher: ADNOC Gas announced strong earnings for the third (Q3) quarter of 2024, with net income increasing 11% year-on-year (YoY) to $1.24 billion, according to a press release. On a quarterly basis, the recorded net profits were …
Companies Investments
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10 November 2024 00:59 PM Dana Gas posts lower profits in 9M-24 on production decline in Egypt
Abu Dhabi – Mubasher: Dana Gas registered $112 million (AED 410 million) in net profit during the first nine months (9M) of 2024, compared to $126 million (AED 462 million) in the year-ago period. The profits plummeted due to lower realised prices …
Financial Results
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31 October 2024 05:13 PM ADNOC Distribution records highest-ever EBITDA in 9M-24; profits exceed AED 1.8bn
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) posted net profits valued at AED 1.87 billion in the first nine months (9M) of 2024. The recorded net profits were lower year-on-year (YoY) than AED 1.95 …
Financial Results
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31 October 2024 01:27 PM ADNOC Drilling registers $904.5m profits in 9M-24; revenues hike 28%
Abu Dhabi – Mubasher: The net profits of ADNOC Drilling Company hit $904.50 million in the first nine months (9M) of 2024, up 29% from $703.70 million in 9M-23. The revenues amounted to $2.84 billion as of 30 September 2024, marking a 28% …
Financial Results
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15 October 2024 04:12 PM EFG Hermes closes sale of H&P’s stake in ADNOC drilling
Cairo – Mubasher: EFG Hermes, a subsidiary of EFG Holding, has completed an accelerated book build (ABB) to divest a stake of Helmerich & Payne (H&P) in ADNOC Drilling Company, according to a press release. The transaction covered the full …
Companies Investments
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1 October 2024 00:00 PM ADNOC Drilling, SLB ink $1.7bn contract for new JV
Abu Dhabi – Mubasher: ADNOC Drilling Company joined forces with SLB and PattersonUTI and created Turnwell joint venture (JV) to be its unconventional drilling arm, according to a press release. This is part of a $1.70 billion contract, awarded to …
Companies Investments
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23 September 2024 10:11 AM ADNOC Distribution announces H1-24 dividends following higher profits
Abu Dhabi – Mubasher: The board of Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) approved interim cash dividends amounting to $350 million (AED 1.28 billion) for the first half (H1)of 2024. ADNOC Distribution is set to …
Cash Dividends
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12 August 2024 11:08 AM ADNOC Gas delivers growth in H1-24 financial results; dividends unveiled
Abu Dhabi – Mubasher: ADNOC Gas generated profits and net income valued at $2.37 billion in the first half (H1) of 2024, up from $2.25 billion in H1-23. The revenues hiked year-on-year (YoY) to $9.42 billion in H1-24 from $8.16 billion, according …
Cash Dividends
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11 August 2024 11:09 AM Dana Gas generates $190m revenues in H1-24; profits in Q2 up 3%
Abu Dhabi – Mubasher: The net profits of Dana Gas retreated to $72 million (AED 263 million) in the first half (H1) of 2024 from $83 million (AED 304 million) in H1-23. The group posted revenues amounting to $190 million (AED 696 million) in …
Financial Results
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8 August 2024 10:42 AM ADNOC Distribution’s H1-24 profits to owners exceed AED 1.1bn; dividends announced
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) recorded net profits attributable to the owners valued at AED 1.17 billion in the first half (H1) of 2024. The generated net profits were higher by 7.70% …
Cash Dividends