Adnoc Drilling eyes Egypt, Parkin eyes Bahrain, and Masdar makes headway in UK. Plus: More local defense manufacturing
Adnoc Drilling is discussing a potential role in the country’s onshore and offshore well drilling program
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Adnoc Drilling is discussing a potential role in the country’s onshore and offshore well drilling program
Mashreq’s bottom line was up 26% y-o-y to AED 2.1 bn in 2Q
Adnoc Drilling is also planning on investing some USD 1 bn this year
PLUS: Adnoc Drilling targets a 50-50 revenue split from manufacturing and drilling
Adnoc Drilling’s 80% stake in MBPS lifts its fleet to 170 rigs
More solid figures from major energy, infrastructure, real estate, and telecoms players
This is the company’s first inorganic expansion outside the UAE
The drilling giant will also have the option to buy up the remaining 20% following an undisclosed lockup period
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