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15 January 06:11 PM

Sector News

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5 January 10:38 AM Dana Gas accelerates drilling program in Egypt via $50m
Abu Dhabi – Mubasher: Dana Gas has secured $50 million (AED 184 million) from the Egyptian Government to support its drilling program, according to a press release. Since its consolidation agreement with the Egyptian Government began in December …
Companies Investments
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4 January 10:40 AM ADNOC Drilling closes acquisition of SLB's land rigs business in Kuwait, Oman
Abu Dhabi – Mubasher: ADH RSC LTD, a wholly owned subsidiary of ADNOC Drilling Company, has completed the acquisition of a 70% stake in SLDC Holdings RCS Limited, according to a bourse filing. SLDC Holdings is a joint venture (JV) established with …
Global Economy
Photo Archive
11 December 2025 01:13 PM Dana Gas discovers new gas reserves in Egypt’s Nile Delta
Abu Dhabi – Mubasher: Dana Gas unveiled a new gas discovery after the successful drilling of the North El-Basant 1 exploratory well in Egypt’s onshore Nile Delta, according to a press release. Preliminary results indicate estimated reserves of …
Companies Investments
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26 November 2025 03:07 PM Adnoc Gas signs $4bn supply deal with EMSTEEL
Abu Dhabi - Mubasher: ADNOC Gas inked a $4-billion agreement with EMSTEEL Building Materials to power the UAE’s industrial growth and economic development, according to a press release. The 20-year agreement, effective on 1 January 2027, is valued …
Companies Investments
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10 November 2025 11:34 AM Dana Gas maintains strong financial performance in 9M-25 despite lower Egyptian production
Abu Dhabi – Mubasher: Dana Gas generated net profits valued at AED 379 million ($103 million) in the first nine months (9M) of 2025, compared to AED 410 million ($112 million) in 9M-24. The group reported lower revenues at AED 935 million ($255 …
Financial Results
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5 November 2025 07:23 PM ADNOC Drilling fosters GCC expansion via stake acquisition in MB Petroleum Services
Abu Dhabi – Mubasher: ADNOC Drilling Company has entered into a definitive agreement to acquire 80% of MB Petroleum Services (MBPS), according to a press release. Subject to regulatory approvals, the transaction marks its second acquisition in the …
Global Economy
Photo Archive
28 October 2025 02:57 PM ADNOC Drilling’s regional expansion drives $1bn net profits in 9M-25
Abu Dhabi – Mubasher: ADNOC Drilling Company logged net profits valued at $1.06 billion in the first nine months (9M) of 2025, higher by 17% than $904.50 million. The group’s revenues climbed by 27% to $3.62 billion at the end of September 2025 …
Board of Directors
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15 October 2025 07:12 PM Dana Gas, Crescent Petroleum launch $1.1bn KM250 at Iraq’s Khor Mor
Abu Dhabi - Mubasher: Dana Gas and Crescent Petroleum have started commercial gas sales from the KM250 expansion at the Khor Mor facility in the Kurdistan Region of Iraq, delivered eight months ahead of schedule. The expansion adds 250 million …
Companies Investments
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12 October 2025 08:42 AM ADNOC’s listed companies mull AED 158bn cash dividends until 2030
Abu Dhabi - Mubasher: ADNOC’s six listed companies target cash dividends valued at AED 158 billion ($43 billion) through to 2030, subject to customary approvals. This is in addition to the AED 86 billion ($23 billion) already paid since the first …
Cash Dividends
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8 September 2025 01:45 PM Adnoc Gas to join FTSE Emerging Index, expected to attract $250m investment
Abu Dhabi - Mubasher: ADNOC Gas is set to join the FTSE Emerging Index, part of the FTSE Russell Global Equity Index Series, on 22 September 2025. The company expects this move to boost its global investor profile, expand its shareholder base, and …
Trading Activities
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28 August 2025 01:47 PM ADNOC expands global business via 15-year LNG supply deal with IndianOil
Abu Dhabi - Mubasher: Abu Dhabi National Oil Company (ADNOC) has signed a 15-year sales and purchase agreement (SPA) with Indian Oil Corporation Limited (IndianOil) for 1 million tons per annum (mtpa) of liquefied natural gas (LNG) from its Ruwais …
Companies Investments
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10 August 2025 06:25 PM Dana Gas delivers solid performance in H1-25, supported by investment in Egypt
Abu Dhabi – Mubasher: Dana Gas recorded 1% higher net profits at $73 million (AED 270 million) in the first half (H1) of 2025, versus $72 million (AED 263 million) in H1-24, the financial results indicated. The resilient performance was attributed …
Financial Results
ADNOC Distribution
7 August 2025 08:41 PM ADNOC Distribution announces robust H1-25 results with 12% net profit growth; Egypt remains core focus market
Abu Dhabi – Mubasher: ADNOC Distribution has recorded double-digit growth in its EBITDA and net profit for the first half (H1) of 2025, exceeding analyst expectations, and announced its dividend plan, according to a press release. The company …
Board of Directors
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6 August 2025 10:34 AM ADNOC Gas logs $2.6bn profits in H1-25; higher dividends unveiled
Abu Dhabi – Mubasher: The net profits of ADNOC Gas hiked to $2.65 billion in the first half (H1) of 2025 from $2.37 billion in H1-24, according to the financial results. The revenues amounted to $9.32 billion in H1-25, down from $9.42 billion in …
Financial Results
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30 July 2025 08:06 AM ADNOC Drilling posts 21% higher profits in H1-25; quarterly dividends announced
Abu Dhabi – Mubasher: The net profits after tax of ADNOC Drilling Company jumped by 21% year-on-year (YoY) to $692 million in the first half (H1) of 2025 from $570 million. The group generated revenues worth $2.36 billion as of 30 June 2025, an …
Cash Dividends
Photo Archive
23 July 2025 01:58 PM Dana Gas recompletes Balsam-3 well in Egypt’s onshore Nile Delta
Abu Dhabi – Mubasher: Dana Gas commenced the recompletion works at the Balsam-3 well in Egypt’s onshore Nile Delta within the framework of the company’s $100 million investment program. The initiative aims to support domestic gas production, …
Companies Investments
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13 July 2025 10:42 AM ADNOC Gas seals $400m LNG supply deal with Germany’s SEFE
Abu Dhabi – Mubasher: ADNOC Gas has entered into a three-year liquefied natural gas (LNG) supply agreement with Germany’s SEFE Securing Energy for Europe at a value of nearly $400 million (AED 1.50 billion. The deal covers the delivery of 700,000 …
Companies Investments
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30 June 2025 08:04 PM ADNOC Drilling wins $800m contract award for oilfield services
Abu Dhabi – Mubasher: ADNOC Drilling Company was awarded a $800 million contract by ADNOC Onshore to provide integrated hydraulic fracturing services for conventional and tight reservoirs. The five-year agreement is set to commence in the third …
Companies Investments
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17 June 2025 09:24 AM Al Messabi to lead ADNOC Drilling’s growth strategy as new CEO
Abu Dhabi – Mubasher: The board members of ADNOC Drilling Company appointed Abdulla Ateya Al Messabi as the new CEO, according to a press release. Al Messabi succeeded Abdulrahman Abdulla Al Seiari, who will retire at the end of 2025 following …
Corporate Actions
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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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1 June 2025 08:02 AM ADNOC Drilling eyes 70% stake in SLB's rigs business in Kuwait, Oman
Abu Dhabi – Mubasher: ADNOC Drilling Company has signed an agreement to acquire a 70% stake in SLB's land drilling rigs business in Kuwait and Oman, according to a press release. The ADX-listed firm will own eight fully operational land rigs under …
Global Economy
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27 May 2025 09:58 AM ADNOC Drilling secures $1.1bn contract award for 2 jack-up rigs
Abu Dhabi – Mubasher: ADNOC Drilling Company announced a contract award valued at $1.15 billion for two jack-up rigs by ADNOC Offshore, according to a press release. The 15-year deal aligns with the company’s expansion plans to grow its offshore …
Companies Investments
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11 May 2025 10:05 AM Dana Gas records 13% higher profits in Q1-25 on stronger gas pricing in Egypt
Abu Dhabi – Mubasher: Dana Gas logged net profits worth $43 million (AED 158 million) in the first quarter (Q1) of 2025, an annual growth of 13% from $38 million (AED 139 million), according to the financial results. The higher earnings were …
Financial Results
Photo Archive
8 May 2025 10:57 PM ADNOC Drilling’s profits jump 24% in Q1-25; dividends announced
Abu Dhabi – Mubasher: ADNOC Drilling Company logged net profits after tax valued at $340.94 million in the first quarter (Q1) of 2025, an annual increase of 24% from $274.61 million. Revenue surged by 32% year-on-year (YoY) to $1.16 billion as of …
Cash Dividends
Abu Dhabi National Oil Company for Distribution (ADNOC Distribution)
6 May 2025 04:44 PM ADNOC Distribution reports robust Q1-25 results, highest-ever Q1 fuel volumes on sales in UAE, Saudi
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) has recorded an 11% growth in EBITDA to AED 1.01 billion ($275 million) during the first quarter (Q1) of 25 as well as strong fuel volumes which drove …
Companies Investments