ADNOC Drilling Co PJSC (ADNOCDRILL)

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News

5 November 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 …

Global Economy

28 October 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 …

Cash Dividends

12 October 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 …

General Assembly

30 July 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 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 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 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 …

Global Economy

27 May 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 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 …

Financial Results

17 April 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 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 …

Financial Results

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 …

Mergers and Acquisitions

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 …

Companies Investments

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 …

Companies Investments

23 May 2024 11:37 AM ADNOC concludes $935m institutional placement of ADNOC Drilling’s shares

Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) has successfully completed a placement to institutional investors of around 880 million ordinary shares of ADNOC Drilling Company. The offered shares represent  5.50% of the ADX-listed …

Companies Investments

13 May 2024 08:55 AM ADNOC Drilling posts 26% higher profits in Q1-24; new dividends policy unveiled

Abu Dhabi – Mubasher: ADNOC Drilling Company recorded an annual leap of 26% in net profit after tax to $274.61 million during the first quarter (Q1) of 2024, versus $218.68 million. The company witnessed 24% year-on-year (YoY) higher revenues at …

Financial Results

24 March 2024 01:58 PM ADNOC Drilling elects Chairman, Vice Chairman

Abu Dhabi – Mubasher: The board members of ADNOC Drilling Company elected Sultan Ahmed Al Jaber as the Chairperson of the company. Abdulmunim Saif Alkindi was elected as the Vice Chairperson of the board of directors, according to a bourse …

Board of Directors