Posted inExploration & ProductionDRILLING & PRODUCTION

ADNOC Drilling to increase IPO to 11% of share capital

The ADNOC Drilling IPO set to be largest-ever ADX listing

The Abu Dhabi National Oil Company (ADNOC) announced that it has increased the number of ordinary shares offered in the initial public offering (IPO) of ADNOC Drilling from 1,200,000,000 ordinary shares to 1,760,000,000 ordinary shares, which equates to 11% of ADNOC Drilling’s total issued share capital. Subject to completion of the IPO, ADNOC will continue […]

Posted inExploration & ProductionDRILLING & PRODUCTION

ADNOC CEO: Natural gas pivotal to UAE economic growth for next 50 years

H.E. Dr. Al Jaber noted LNG and broader gas markets globally are tightening, with demand outpacing supply

Natural gas is set to play a pivotal role in powering economic growth in the United Arab Emirates (UAE) over the next 50 years, according to His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC). Delivering […]

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