The final offer price is expected to be announced on March 3
ADNOC
Posted inNews
IPO bonanza begins: ADNOC to list 4% of its gas unit
State-owned energy giant ADNOC announced today its intention to float about 4% of its gas business in an initial public offering on the Abu Dhabi Securities Exchange (ADX). ADNOC Gas listing will be the first major IPO on the ADX in 2023 after a listing bonanza for markets in the GCC last year as issuers […]
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Historic moment: ADNOC delivers first Middle East LNG cargo to Germany
ADNOC and RWE announced today the successful delivery of the first shipment of LNG from Abu Dhabi to the Elbehafen floating LNG terminal in Germany. Produced by ADNOC Gas at Abu Dhabi’s Das Island, the shipment of 137,000 cubic meters of LNG is the commissioning cargo for the new floating LNG terminal in Brunsbüttel and […]
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ADNOC Drilling reports record profits, $10 billion contracts in 2022
ADNOC Drilling Co today reported record breaking net profits totaling $802 million, up 33% year-on-year. Additionally, the company secured over $10 billion of contract backlog during the period, ADNOC Drilling’s CEO Abdulrahman Abdulla Al Seiari noted. The company also achieved record revenue during the fourth quarter of 2022, while its fleet expansion program delivered the […]
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EPC giant NMDC reports profit growth; $2.6 billion contracts
UAE’s EPC heavyweight National Marine Dredging Group (NMDC), with over $15 billion of projects under execution, has grown its net profit by 30% in 2022 to reach $350 million, the company recently reported. The company also noted that it secured contracts worth $2.6 billion last year. While the group strengthened its position locally and regionally, […]
Posted inPeople
Multi-billion oil and gas projects to create significant jobs in the Middle East
Strong outlook ahead for Middle East oil and gas jobs, according to a recruitment expert.
Posted inNews
ADNOC signs $4.63 billion deals with 23 companies
Abu Dhabi‘s state-owned energy giant ADNOC has signed new deals worth $4.63 billion with 23 companies to manufacture locally a wide range of critical industrial products. The products that will be produced locally include pipes and fittings, valves, bends and cladded pipes, industrial pumps, batteries, pipes and fittings, among many others. Proclad, Tri Star […]
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