The Abu Dhabi National Oil Company (ADNOC) announced that it has determined the offer price per share for the initial public offering (IPO) of ADNOC Drilling Company at AED2.30, with total $10 billion for the equity value.

The Abu Dhabi National Oil Company (ADNOC) and its subsidiary ADNOC Drilling Company (ADNOC Drilling) along with Helmerich & Payne, Inc. (H&P) have announced formation of strategic alliance.

Abu Dhabi National Oil Company (ADNOC) Drilling announced that it plans to offer 7.5% of its shares initial public offering (IPO) to be listed for trading on the Abu Dhabi Securities Exchange (ADX).

The Abu Dhabi National Oil Company (ADNOC) has invested $763.7 million in integrated rigless services across six of its artificial islands to support its production capacity expansion to 5 million barrels per day (mmbbl/d) by 2030.

Shelf Drilling signed an agreement with Abu Dhabi National Oil Company’s (ADNOC) subsidiary,  ADNOC Drilling, to sell the Shelf Drilling Journey jack-up drilling rig for $77.6 million.

ADNOC acquired four new cutting-edge land rigs with a total value of over Dh 350 million, which will be added to the fleet in Q1 2020. ADNOC Drilling plans to acquire dozens of additional land, offshore, and island rigs by 2025.

Zentech will provide comprehensive engineering support for all ADNOC Drilling offshore and onshore rigs.

ADNOC Drilling, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced completing its first ‘integrated drilling services’ well in the Al Dabbyia onshore field.

Baker Hughes General Electric (BHGE), the world's second-largest services company, has purchased a 5% interest in the Abu Dhabi National Oil Company’s (ANDOC) drilling unit.