ADX
Posted inDRILLING & PRODUCTION, Exploration & Production

ADNOC Drilling begins trading on ADX with $10 billion market cap

by Carla Sertin

ADNOC Drilling is now trading on the ADX, with a market capitalisation of $10 billion. This initial public offering (IPO) will raise over $1.1 billion, making the ADNOC Drilling IPO the largest-ever ADX listing to date and will also be the first issuance on the newly inaugurated ADX premises. This important milestone will bolster the […]

Posted inExploration & Production, DRILLING & PRODUCTION

Helmerich & Payne to invest $100 million into ADNOC Drilling IPO

by Carla Sertin

On September 6, 2021, ADNOC announced its intention to float a 7.5% minority stake of ADNOC Drilling on the Abu Dhabi Securities Exchange

The Abu Dhabi National Oil Company (ADNOC) and its subsidiary ADNOC Drilling Company and Helmerich & Payne, Inc. (H&P), a global leader in rig technologies and drilling solutions, announced a strategic alliance that will see ADNOC Drilling acquire eight FlexRig® land rigs from H&P for $86.5 million. Following this transaction, H&P will make a $100 […]

Posted inDRILLING & PRODUCTION

ADNOC Drilling to float on Abu Dhabi Securities Exchange

by Carla Sertin

The company will list 7.5% of ADNOC Drilling's issued share capital

ADNOC Drilling is planning an initial public offering (IPO) and to list its shares for trading on the ADX. 7.5% of ADNOC Drilling’s issued share capital will be included in the offering to individuals and other investors in the UAE and to ADNOC Group Companies employees and ADNOC Group UAE National Retirees as part of […]