ADNOC Drilling Co PJSC (ADNOCDRILL)

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News

17 April 2025 01:39 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

13 February 2025 09:05 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

31 December 2024 01:48 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

17 December 2024 08:42 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

31 October 2024 00:27 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

15 October 2024 03:12 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

1 October 2024 11:00 AM 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

5 August 2024 09:36 AM ADNOC Drilling unveils H1-24 financials, dividends; Enersol to acquire EV Holdings

Abu Dhabi – Mubasher: ADNOC Drilling Company generated net profits worth $570 million in the first half (H1) of 2024, higher by 28% than $446 million in H1-23. The revenues hiked by 26% year-on-year (YoY) to $1.82 billion in H1-24 from $1.44 …

Financial Results

17 July 2024 10:37 AM ADNOC Drilling selects Al Ramz Capital as liquidity provider

Abu Dhabi – Mubasher: ADNOC Drilling Company has appointed Al Ramz Capital, a subsidiary of Al Ramz Corporation Investment and Development, as a liquidity provider for the company’s shares listed on the Abu Dhabi Securities Exchange (ADX). Under …

Trading Activities

16 July 2024 02:12 PM JV of ADNOC Drilling, Alpha Dhabi Holding buys 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% equity stake in NTS AMEGA for $58 million. The NTS acquisition aligns with Enersol’s strategy to become a …

Companies Investments

3 July 2024 00:17 PM ADNOC Drilling awarded $733m deal

Abu Dhabi – Mubasher: ADNOC Drilling Company has confirmed the award of an estimated total contract value of $733 million by ADNOC Offshore, according to a press release. The project contract will include three island drilling rigs to back the …

Companies Investments

25 June 2024 11:22 AM ADNOC Drilling’s shareholders approve new dividends policy for 2024-28

Abu Dhabi – Mubasher: The shareholders of ADNOC Drilling Company greenlighted the new progressive dividend policy for 2024-2028, which will see dividends grow by at least 10% annually. The expected cumulative minimum yield from the new policy is …

Board of Directors

11 June 2024 09:21 AM ADNOC Drilling’s Enersol buys stake in Gordon Technologies for $270m

Abu Dhabi – Mubasher: Enersol, a joint-venture between ADNOC Drilling Company and Alpha Dhabi Holding, has acquired a 42.20% stake in Gordon Technologies for about $270 million. Around 80% of the deal’s value will be paid at closing, with the …

Mergers and Acquisitions

23 May 2024 11:37 AM ADNOC concludes $935m institutional placement of ADNOC Drilling’s shares

Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) has successfully completed a placement to institutional investors of around 880 million ordinary shares of ADNOC Drilling Company. The offered shares represent  5.50% of the ADX-listed …

Companies Investments

13 May 2024 08:55 AM ADNOC Drilling posts 26% higher profits in Q1-24; new dividends policy unveiled

Abu Dhabi – Mubasher: ADNOC Drilling Company recorded an annual leap of 26% in net profit after tax to $274.61 million during the first quarter (Q1) of 2024, versus $218.68 million. The company witnessed 24% year-on-year (YoY) higher revenues at …

Board of Directors

24 March 2024 01:58 PM ADNOC Drilling elects Chairman, Vice Chairman

Abu Dhabi – Mubasher: The board members of ADNOC Drilling Company elected Sultan Ahmed Al Jaber as the Chairperson of the company. Abdulmunim Saif Alkindi was elected as the Vice Chairperson of the board of directors, according to a bourse …

Board of Directors

14 March 2024 10:43 AM ADNOC Drilling’s shareholders unveil payment date for H2-23 dividends

Abu Dhabi – Mubasher: ADNOC Drilling Company’s general assembly meeting has approved the distribution of AED 1.31 billion, or 8.22 fils per share, in cash dividends, for the second half (H2) of 2023. The dividends are set to be paid no later than …

Cash Dividends

13 February 2024 11:41 AM ADNOC Drilling’s profits exceed $1bn in 2023; dividends proposed

Abu Dhabi – Mubasher: The net profits of ADNOC Drilling Company hit $1.03 billion in the January-December 2023 period, marking an annual surge of 29% from $801.80 million. The revenues jumped by 14% to $3.05 billion as of 31 December 2023 from …

Board of Directors

9 January 2024 10:54 AM ADNOC Drilling, Alpha Dhabi’s JV concludes 1st global investment

Abu Dhabi – Mubasher: A joint venture (JV) between  ADNOC Drilling Company and Alpha Dhabi Holding has completed its first strategic investment at the Abu Dhabi Global Market. The joint entity seeks to pursue global investments in energy …

Companies Investments

14 November 2023 10:27 AM ADNOC Drilling’s net profits up 24% in 9M-23

Abu Dhabi – Mubasher: ADNOC Drilling Company recorded 24% higher net profits at $704 million in the first nine months (9M) of 2023, compared to $568 million in 9M-22. Revenues increased by 14% year-on-year (YoY) to $2.21 billion as of 30 September …

Financial Results

10 October 2023 04:35 PM ADNOC Drilling unveils H1-23 dividends

Abu Dhabi – Mubasher: The board of ADNOC Drilling Company has passed a resolution by circular approving the payment of approximately AED 1.31 billion as cash dividends for the first half (H1) of 2023. The board, which held the meeting on 09 …

Cash Dividends

7 August 2023 02:42 PM ADNOC Drilling posts growth in H1-23 financials; dividends increased

Abu Dhabi – Mubasher: ADNOC Drilling Company generated net profits valued at $446.32 million during the first half (H1) of 2023, an annual growth of 18% from $379.31 million. The firm posted a 13% year-on-year (YoY) rise in revenue to $1.44 …

Financial Results

25 June 2023 01:56 PM ADNOC Drilling awarded $2bn contracts to reinforce offshore operations

Abu Dhabi – Mubasher: ADNOC Drilling Company has secured five contracts at an aggregated value of nearly $2 billion, according to a press release. This aligns with the listed company’s objectives to back the offshore’s growing drilling operations …

Companies Investments

6 June 2023 09:54 AM ADNOC Drilling accelerates growth with 2 new rigs acquisition

Abu Dhabi – Mubasher: ADNOC Drilling Company inked an agreement to purchase two premium offshore jack-up rigs for $220 million, which is included in its capital expenditure guidance. The rigs will be delivered into Abu Dhabi waters and commence …

Companies Investments

28 May 2023 09:51 AM ADNOC Drilling unveils $75m agreement for 6 new hybrid rigs

Abu Dhabi – Mubasher: ADNOC Drilling Company has signed a $75 million deal to purchase six newbuild hybrid power land rigs, according to a press release. The six newbuild hybrid power rigs will be developed by Honghua Golden Coast and will …

Companies Investments