ADNOC

UAE’s ADNOC Drilling aims for $1.3 billion net profits and 148 rigs by 2026, says CFO

The company has raised its medium-term revenue expectations to $3.85 billion for the fiscal year 2024

ADNOC Distribution net profit rises 12.9 percent to $170 million in Q2 2024

Company's non-fuel retail gross profit increased by 13.5 percent annually in Q2 2024 to $56 million

ADNOC, Japan’s Osaka Gas sign long-term LNG supply agreement for Ruwais LNG project

Agreement marks ADNOC's first long-term LNG deal with Osaka Gas, underscoring the long-standing energy partnership between the UAE and Japan

ADNOC Drilling, Alpha Dhabi JV to fully acquire EV Holdings for $45 million

EV Holdings is Enersol’s third acquisition and comes following the company's agreement to acquire 51 percent of NTS Amega (NTS) last week

ADNOC’s offshore SARB field begins AI-enabled operations, raises capacity by 25 percent

Expansion supports ADNOC’s target to increase its production capacity to 5 million barrels of oil per day by 2027

UAE’s ADNOC L&S invests $1.9 billion in supersize ethane carriers and ammonia vessels

The VLECs will be deployed on 20-year time charter contracts, generating an estimated $4 billion in revenue

ADNOC, Mubadala collaborate to cultivate Emirati talent for UAE’s sustainable future

The move aims to develop Emirati talent for crucial sectors through advanced training

ADNOC Gas awards $550 million contracts to expand UAE gas infrastructure, increase customer reach

The contracts were awarded to NMDC Energy P.J.S.C and Galfar Engineering & Contracting W.L.L Emirates

ADNOC deploys AIQ’s RoboWell AI solution to autonomously operate wells

RoboWell delivers up to 30 percent optimization in gas lift consumption and up to a 5 percent increase in operating efficiency

Sheikh Khaled witnesses signing ceremony for international partners joining ADNOC’s Ruwais LNG project

His Highness met with heads of global energy companies to discuss the future of the sector