ADNOC Drilling has recorded a 19% increase in year-on-year revenue to US$4716mn, with Offshore Jack-up and Oilfield Services (OFS) recording increases of 28% and 43% respectively
ADNOC divisions report strong Q1 results
Industry
Oil & gas spending surges on security concerns: Rystad Energy
Global energy reliability concerns are triggering a temporary surge in oil and gas investments, according to Rystad Energy
ADNOC and Baker Hughes collaborate on low-carbon solutions
ADNOC and Baker Hughes have announced an agreement to accelerate the development and commercialisation of technology solutions for green and low-carbon hydrogen, as well as graphene
Oil demand in transport sector to halve by 2050: DNV
The share of electricity in transport will grow from 1% today to 23% in 2050, according to DNV’s latest ‘Transport in Transition’ report, with oil demand forecast to halve by 2050
First integrated steel plate manufacturing complex in Saudi Arabia to be established
Aramco, Baoshan Iron & Steel Co. (Baosteel), a leading steel conglomerate, and the Public Investment Fund (PIF) have signed a shareholders agreement to establish an integrated steel plate manufacturing complex in the Kingdom of Saudi Arabia
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