Enersol, a joint venture formed by ADNOC Drilling and Alpha Dhabi Holding, is making headlines with its recent decision to acquire a substantial 95% stake in Deep Well Services, a technology-driven energy services company based in the United States. The acquisition, valued at approximately $223 million, includes contingent payments tied to the performance of the […]
ADNOC Drilling Company PJSC and Alpha Dhabi Holding PJSC have jointly announced that their collaborative venture, Enersol, will acquire a 51% equity stake in NTS AMEGA for approximately $58 million, positioning Enersol as the majority stakeholder. The transaction, initially mirrored by Alpha Dhabi’s October 2023 investment in NTS, is pending regulatory approval and customary closing […]
ADNOC Drilling Company PJSC has confirmed a significant contract award valued at $733 million from ADNOC Offshore. This contract is for the supply of three advanced island drilling rigs aimed at supporting operations at the offshore Zakum field, one of the largest oil fields globally. The new island rigs, to be constructed by Honghua Group […]
Enersol RSC LTD, a joint venture between ADNOC Drilling Company and Alpha Dhabi Holding, has announced the acquisition of an additional 42.206% equity stake in Gordon Technologies LLC for approximately $270 million. This strategic acquisition positions Enersol as the majority equity holder in Gordon, significantly enhancing its market presence in the measurement while drilling (MWD) […]
ADNOC Drilling Company PJSC has been awarded a $1.7 billion contract by the Abu Dhabi National Oil Company (ADNOC) to provide drilling and associated services for the recovery of unconventional energy resources. This contract will see Turnwell Industries LLC, a newly formed subsidiary of ADNOC Drilling, deliver 144 unconventional oil and gas wells. Key Points […]
ADNOC Drilling Company PJSC and Alpha Dhabi Holding PJSC have officially announced the formation of their strategic joint venture (JV) at the Abu Dhabi Global Market. This energy technology JV marks a significant step in the pursuit of global investments in energy technology and tech-enabled energy services. At the forefront of this joint venture is […]
ADNOC Drilling Company PJSC and Alpha Dhabi Holding PJSC have agreed to establish a strategic investment joint venture, planning to invest up to $1.5 billion in technology-enabled companies in the oilfield services (OFS) and energy sectors. This partnership brings together a leading drilling and OFS expert with a major UAE conglomerate. Joint Venture Ownership and […]
ADNOC Drilling Company PJSC has secured five contracts for a total value of approximately $2 billion to support the growing drilling operations of ADNOC Offshore. These long-term contracts, reflecting the robust offshore jack-up market’s higher day rates, will be instrumental in drilling operations across five fields in ADNOC’s offshore portfolio. The contracts, set to bolster […]
Abu Dhabi National Oil Company (ADNOC) has awarded a $1.53 billion contract to ADNOC Drilling to expand its crude oil production capacity. Under the two-year contract, ADNOC Drilling will support ADNOC’s offshore operations by providing 12 jack-up rigs and two island rigs and the associated integrated drilling services (IDS). ADNOC Drilling has delivered integrated drilling […]