ADNOC Drilling Co PJSC (ADNOCDRILL)

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News

11 May 08:34 AM ADNOC Drilling delivers strongest Q1 performance on back of largest fleet size in MENA

Abu Dhabi – Mubasher: ADNOC Drilling Company delivered its strongest first-quarter performance on record in terms of revenue and net income, backed by high fleet activity, integrated services growth, long-term contract coverage, and technology-led …

Financial Results

15 February 09:44 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 …

Cash Dividends

4 January 09:40 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 …

Mergers and Acquisitions

5 November 2025 06:23 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 …

Mergers and Acquisitions

28 October 2025 01:57 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 …

Financial Results

12 October 2025 07:42 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

30 July 2025 07:06 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 …

Board of Directors

30 June 2025 07:04 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

17 June 2025 08:24 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

1 June 2025 07:02 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 …

Companies Investments

27 May 2025 08:58 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

8 May 2025 09:57 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

17 April 2025 01:39 PM ADNOC Drilling unveils $1.6bn contract award

Abu Dhabi – Mubasher: ADNOC Drilling Company received a letter of award for a $1.63 billion contract from ADNOC Offshore to provide directional drilling, drilling fluids, cementing, wireline logging and tubular running services. The five-year …

Companies Investments

13 February 2025 09:05 PM ADNOC Drilling’s net profits leap 26% in 2024; dividends unveiled

Abu Dhabi – Mubasher: ADNOC Drilling Company generated 26% year-on-year (YoY) higher net profits at $1.30 billion in 2024, compared to $1.03 billion, according to the financial results. The revenues hiked by 32% to $4.03 billion last year from …

Financial Results

31 December 2024 01:48 PM ADNOC Drilling, Alpha Dhabi Holding’s JV acquires 51% stake in NTS AMEGA

Abu Dhabi – Mubasher: Enersol, a joint venture (JV) between ADNOC Drilling Company and Alpha Dhabi Holding, has acquired a 51% stake in NTS AMEGA. ADNOC Drilling announced completing the transaction on 31 December 2024, according to a bourse …

Companies Investments

17 December 2024 08:42 PM ADNOC Drilling closes Turnwell JV with SLB, Patterson-UTI

Abu Dhabi – Mubasher: ADNOC Drilling Company has announced the closing of the Turnwell Industries LLC OPC joint venture (Turnwell JV) between ADNOC Drilling, SLB, and Patterson-UTI TW Holdings LLC, according to a press release. The CEO of ADNOC …

Companies Investments

31 October 2024 00:27 PM ADNOC Drilling registers $904.5m profits in 9M-24; revenues hike 28%

Abu Dhabi – Mubasher: The net profits of ADNOC Drilling Company hit $904.50 million in the first nine months (9M) of 2024, up 29% from $703.70 million in 9M-23. The revenues amounted to $2.84 billion as of 30 September 2024, marking a 28% …

Financial Results

15 October 2024 03:12 PM EFG Hermes closes sale of H&P’s stake in ADNOC drilling

Cairo – Mubasher: EFG Hermes, a subsidiary of EFG Holding, has completed an accelerated book build (ABB) to divest a stake of Helmerich & Payne (H&P) in ADNOC Drilling Company, according to a press release. The transaction covered the full …

Companies Investments

1 October 2024 11:00 AM ADNOC Drilling, SLB ink $1.7bn contract for new JV

Abu Dhabi – Mubasher: ADNOC Drilling Company joined forces with SLB and PattersonUTI and created Turnwell joint venture (JV) to be its unconventional drilling arm, according to a press release. This is part of a $1.70 billion contract, awarded to …

Companies Investments

5 August 2024 09:36 AM ADNOC Drilling unveils H1-24 financials, dividends; Enersol to acquire EV Holdings

Abu Dhabi – Mubasher: ADNOC Drilling Company generated net profits worth $570 million in the first half (H1) of 2024, higher by 28% than $446 million in H1-23. The revenues hiked by 26% year-on-year (YoY) to $1.82 billion in H1-24 from $1.44 …

Companies Investments

17 July 2024 10:37 AM ADNOC Drilling selects Al Ramz Capital as liquidity provider

Abu Dhabi – Mubasher: ADNOC Drilling Company has appointed Al Ramz Capital, a subsidiary of Al Ramz Corporation Investment and Development, as a liquidity provider for the company’s shares listed on the Abu Dhabi Securities Exchange (ADX). Under …

Trading Activities

16 July 2024 02:12 PM JV of ADNOC Drilling, Alpha Dhabi Holding buys 51% stake in NTS AMEGA

Abu Dhabi – Mubasher: Enersol, a joint-venture (JV) between ADNOC Drilling Company and Alpha Dhabi Holding, has acquired a 51% equity stake in NTS AMEGA for $58 million. The NTS acquisition aligns with Enersol’s strategy to become a …

Companies Investments

3 July 2024 00:17 PM ADNOC Drilling awarded $733m deal

Abu Dhabi – Mubasher: ADNOC Drilling Company has confirmed the award of an estimated total contract value of $733 million by ADNOC Offshore, according to a press release. The project contract will include three island drilling rigs to back the …

Companies Investments

25 June 2024 11:22 AM ADNOC Drilling’s shareholders approve new dividends policy for 2024-28

Abu Dhabi – Mubasher: The shareholders of ADNOC Drilling Company greenlighted the new progressive dividend policy for 2024-2028, which will see dividends grow by at least 10% annually. The expected cumulative minimum yield from the new policy is …

Board of Directors

11 June 2024 09:21 AM ADNOC Drilling’s Enersol buys stake in Gordon Technologies for $270m

Abu Dhabi – Mubasher: Enersol, a joint-venture between ADNOC Drilling Company and Alpha Dhabi Holding, has acquired a 42.20% stake in Gordon Technologies for about $270 million. Around 80% of the deal’s value will be paid at closing, with the …

Mergers and Acquisitions