ADNOC Drilling, the sole drilling partner to Abu Dhabi National Oil Co., plans to expand its fleet by adding 27 rigs by 2024, bringing the total to 142 rigs. The company aims to achieve 20% year-on-year growth in revenue this year and expects to make a total revenue of between $3 billion and $3.2 billion in 2023. The drilling firm recorded a 19% year-on-year growth in revenue to $716 million in the first quarter, with net income increasing by 25% year-on-year to $219 million. ADNOC Drilling’s OFS capabilities offer comprehensive drilling and completion services that span the entire drilling value chain, helping the firm create considerable savings in well time and cost while delivering better well economics. The company looks to play a key role in helping ADNOC achieve its target of reducing carbon intensity by 25% by 2030.
Saturday, October 28, 2023
Latest
Global Impact of the Gaza War: Insights | TOME
Bank of Israel cuts growth forecast while the World Bank warns the global economy is at a 'dangerous juncture'.
Hamas denies Israeli claim of hospital abuse | TOME
TEL AVIV: The Israeli army accused Hamas on Friday of abusing hospitals in the Gaza Strip for military purposes, as war rages in and around the Palestinian territory.
The allegation was swiftly denied by Hamas, and the main UN agency working in Gaza said earlier it had mechanisms in place to prevent aid being diverted.
“Hamas wages war from hospitals” in Gaza, military spokesman Daniel Hagari told journalists, adding that the group was also using fuel stored in hospitals to help carry out its operations.
Popular
Protesters Demand Gaza Ceasefire, Shut Grand Central Station in New York
Dozens of protesters seen being arrested by police as authorities announce temporary closure of station.
Hamas denies Israeli claim of hospital abuse | TOME
TEL AVIV: The Israeli army accused Hamas on Friday of abusing hospitals in the Gaza Strip for military purposes, as war rages in and around the Palestinian territory.
The allegation was swiftly denied by Hamas, and the main UN agency working in Gaza said earlier it had mechanisms in place to prevent aid being diverted.
“Hamas wages war from hospitals” in Gaza, military spokesman Daniel Hagari told journalists, adding that the group was also using fuel stored in hospitals to help carry out its operations.
Popular
China Probes Foxconn’s Taxes and Land Use, Shares Slide | TOME
Apple supplier's shares dropped as much as 3 percent after report by China's state-owned Global Times.
Big Businesses Stay Silent on Israel-Hamas Conflict Amid Ukraine Outcry
Major brands that spoke out against Russia's invasion have been reluctant to weigh in on the Israel-Palestine conflict.
© 2023 TOMI. All Rights Reserved.