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18 February 07:23 AM

Sector News

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15 February 10:44 AM ADNOC Drilling delivers strongest performance in 2025 with 11% higher profits
Abu Dhabi – Mubasher: The net profits of ADNOC Drilling Company surged by 11% to $1.44 billion in 2025 from $1.30 billion at the end of December 2024, according to the financial results. The revenues hiked by 22% to $4.90 billion last year from …
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ADNOC Gas
11 February 03:23 PM ADNOC Gas records $5.1bn net profit in 2025; dividends proposed
Abu Dhabi – Mubasher: ADNOC Gas achieved a 3% increase in net profit after tax to $5.16 billion in 2025 compared to $5 billion in 2024. The earnings per share (EPS) rose to $0.067 in 2025 from $0.65 a year earlier, according to the preliminary …
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8 February 11:15 AM Dana Gas logs AED 476m profits in 2025; dividends to be discussed in March
Abu Dhabi – Mubasher: Dana Gas registered AED 476 million ($130 million) in net profit during 2025, down 14% from AED 553 million ($151 million) in 2024, according to the preliminary financial results. The gross revenues declined by 22% …
Financial Results
Photo Archive
26 January 01:49 PM Dana Gas, Crescent Petroleum ink gas sale agreements to expand Chemchemal field
Abu Dhabi – Mubasher: Dana Gas and Crescent Petroleum joined forces with their partners in the Pearl Petroleum Consortium to supply substantial volumes of clean-burning natural gas from the Chemchemal field to major industrial consumers in the …
Companies Investments
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20 January 11:34 AM ADNOC Gas inks $3bn deal with Hindustan Petroleum Corporation
Abu Dhabi - Mubasher: ADNOC Gas penned a sales and purchase agreement valued at between $2.50 billion and $3 billion with Hindustan Petroleum Corporation Limited (HPCL), according to a press release. This 10-year deal covers the export of 500,000 …
Companies Investments
Photo Archive
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
Photo Archive
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 …
Companies Investments
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 …
General Assembly
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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 …
Global Economy
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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 …
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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 …
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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 …
Management Decisions
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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