Posted inNewsExploration & Production

ADNOC relaunches tender for Hail and Ghasha megaproject after terminating key contracts

Days after terminating key pre-construction contracts, ADNOC has invited contractors to express interest in new EPC tenders for the multibillion-dollar Hail and Ghasha sour gas development, according to a MEED report. Industry sources claim that the expression of interest (EoI) document was issued to contractors on 29 April. Firms have been asked to express interest in the […]

Posted inNews

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 […]