UAE | Egypt Oil & Gas - Part 10
ADNOC to Spend $6 Billion to Enable Drilling Growth
The Abu Dhabi National Oil Company (ADNOC) announced investments worth up to almost $6 billion to boost drilling growth and help increase its crude oil production capacity to 5 million barrels per day (mmbbl/d) by 203...
Adnoc Drilling Records Revenues of $1.7 billion in 9 Months
ADNOC Drilling Company has announced that it has achieved strong results during the first nine months of 2021, after recording revenues worth $1.7 billion which increased by 12% year on year (YoY). Additionally, the c...
Saipem Secures Onshore Drilling Contracts in Middle East, South America
Seeking to expand its operations, Saipem has scored new onshore drilling contracts with countries in the Middle East and in South America worth $70 million, a press release issued by Saipem declared. The company elabo...
ENOC Secures Savings Worth AED 6.1 M from E&RM Projects in 2021
ENOC company announced that it has achieved savings from Energy and Resource Management (E&RM) projects in 2021 worth AED 6.1 million, ENOC said in a statement. Regarding cumulative savings, the company managed to...
ADNOC Drilling Completes Listing in ADX
Abu Dhabi National Oil Company (ADNOC) announced that it has completed the listing of ADNOC Drilling Company on the Abu Dhabi Securities Exchange (ADX), according to a report from Emirates News Agency. With an initial...
Technip Energies, NPCC Sign MoU to Enhance Energy Transition in UAE
Technip Energies announced that that it has signed a Memorandum of Understanding (MoU) with National Petroleum Construction Company (NPCC) to provide support for the United Arab Emirates’ (UAE) energy transition...
UAE’s ADNOC Distribution Achieves Net Profit of AED 1.15 B in H1 2021
Abu Dhabi National Oil Company (ADNOC) Distribution achieves net profit of AED 1.15 billion during H1 2021, while its earnings before interest, taxes, depreciation and amortization (EBITDA) stood at AED 1.53 billion d...
ADNOC, Fertiglobe Partner to Sell Blue Ammonia to Japan
The Abu Dhabi National Oil Company (ADNOC) partnered with Fertiglobe to sell the first shipment of UAE’s blue ammonia to the Japanese Itochu company, ADNOC announced in a statement. The action comes as a part of...
