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03 April 08:36 PM

Sector News

ADNOC Gas
23 March 06:12 PM ADNOC Gas issues update in response to shipping disruption in the Strait of Hormuz
Abu Dhabi – Mubasher: ADNOC Gas has separately made temporary operational adjustments to production of liquefied natural gas (LNG) and export traded liquids in response to the ongoing shipping disruption in the Strait of Hormuz, according to a …
Global Economy
Crescent Petroleum
19 March 01:49 AM Crescent Petroleum transfers shareholding in Dana Gas
Abu Dhabi – Mubasher: Dana Gas stated that CP Upstream Holding (DG) Limited’s ownership percentage has reached 20%, based on the records received from the Abu Dhabi Securities Exchange (ADX). This announcement was made as Crescent Petroleum …
Mergers and Acquisitions
Photo Archive
15 February 10:44 AM ADNOC Drilling delivers strongest performance in 2025 with 11% higher profits
Abu Dhabi – Mubasher: The net profits of ADNOC Drilling Company surged by 11% to $1.44 billion in 2025 from $1.30 billion at the end of December 2024, according to the financial results. The revenues hiked by 22% to $4.90 billion last year from …
Cash Dividends
ADNOC Gas
11 February 03:23 PM ADNOC Gas records $5.1bn net profit in 2025; dividends proposed
Abu Dhabi – Mubasher: ADNOC Gas achieved a 3% increase in net profit after tax to $5.16 billion in 2025 compared to $5 billion in 2024. The earnings per share (EPS) rose to $0.067 in 2025 from $0.65 a year earlier, according to the preliminary …
Cash Dividends
Photo Gallery
8 February 11:15 AM Dana Gas logs AED 476m profits in 2025; dividends to be discussed in March
Abu Dhabi – Mubasher: Dana Gas registered AED 476 million ($130 million) in net profit during 2025, down 14% from AED 553 million ($151 million) in 2024, according to the preliminary financial results. The gross revenues declined by 22% …
Cash Dividends
Photo Archive
3 February 03:10 PM ADNOC Distribution generates AED 35.8bn revenues in 2025; dividends for H2-25 unveiled
Abu Dhabi – Mubasher: The net profits of ADNOC Distribution jumped to AED 2.85 billion in 2025 from AED 2.47 billion a year ago, according to the financial results. The revenues went up to AED 35.89 billion last year from AED 35.45 billion in …
Financial Results
Photo Archive
26 January 01:49 PM Dana Gas, Crescent Petroleum ink gas sale agreements to expand Chemchemal field
Abu Dhabi – Mubasher: Dana Gas and Crescent Petroleum joined forces with their partners in the Pearl Petroleum Consortium to supply substantial volumes of clean-burning natural gas from the Chemchemal field to major industrial consumers in the …
Companies Investments
Photo Gallery
20 January 11:34 AM ADNOC Gas inks $3bn deal with Hindustan Petroleum Corporation
Abu Dhabi - Mubasher: ADNOC Gas penned a sales and purchase agreement valued at between $2.50 billion and $3 billion with Hindustan Petroleum Corporation Limited (HPCL), according to a press release. This 10-year deal covers the export of 500,000 …
Companies Investments
Photo Archive
5 January 10:38 AM Dana Gas accelerates drilling program in Egypt via $50m
Abu Dhabi – Mubasher: Dana Gas has secured $50 million (AED 184 million) from the Egyptian Government to support its drilling program, according to a press release. Since its consolidation agreement with the Egyptian Government began in December …
Companies Investments
Photo Archive
4 January 10:40 AM ADNOC Drilling closes acquisition of SLB's land rigs business in Kuwait, Oman
Abu Dhabi – Mubasher: ADH RSC LTD, a wholly owned subsidiary of ADNOC Drilling Company, has completed the acquisition of a 70% stake in SLDC Holdings RCS Limited, according to a bourse filing. SLDC Holdings is a joint venture (JV) established with …
Mergers and Acquisitions
Photo Gallery
11 December 2025 03:15 PM ADNOC Distribution, FAB partner with Mastercard to launch ADNOC Rewards Credit Card
Abu Dhabi – Mubasher: ADNOC Distribution and the First Abu Dhabi Bank (FAB) joined forces with Mastercard to launch the ADNOC Rewards Credit Card, developed to deliver premium benefits to customers across the UAE. With the offering, cardholders …
Banking and Finance
Photo Archive
11 December 2025 01:13 PM Dana Gas discovers new gas reserves in Egypt’s Nile Delta
Abu Dhabi – Mubasher: Dana Gas unveiled a new gas discovery after the successful drilling of the North El-Basant 1 exploratory well in Egypt’s onshore Nile Delta, according to a press release. Preliminary results indicate estimated reserves of …
Companies Investments
Photo Gallery
26 November 2025 03:07 PM Adnoc Gas signs $4bn supply deal with EMSTEEL
Abu Dhabi - Mubasher: ADNOC Gas inked a $4-billion agreement with EMSTEEL Building Materials to power the UAE’s industrial growth and economic development, according to a press release. The 20-year agreement, effective on 1 January 2027, is valued …
Companies Investments
Photo Gallery
23 November 2025 06:46 PM ADNOC Distribution backs non-fuel retail growth strategy via ‘The Hub by ADNOC’
Abu Dhabi – Mubasher: ADNOC Distribution has launched  ‘The Hub by ADNOC,’ a roadside retail concept designed to redefine customer experience and accelerate the company’s non-fuel retail growth strategy. The concept was officially unveiled at a …
Companies Investments
Photo Archive
10 November 2025 11:34 AM Dana Gas maintains strong financial performance in 9M-25 despite lower Egyptian production
Abu Dhabi – Mubasher: Dana Gas generated net profits valued at AED 379 million ($103 million) in the first nine months (9M) of 2025, compared to AED 410 million ($112 million) in 9M-24. The group reported lower revenues at AED 935 million ($255 …
Financial Results
Photo Gallery
5 November 2025 07:23 PM ADNOC Drilling fosters GCC expansion via stake acquisition in MB Petroleum Services
Abu Dhabi – Mubasher: ADNOC Drilling Company has entered into a definitive agreement to acquire 80% of MB Petroleum Services (MBPS), according to a press release. Subject to regulatory approvals, the transaction marks its second acquisition in the …
Global Economy
Photo Archive
3 November 2025 08:23 AM ADNOC Distribution’s profits jump to AED 2.1bn in 9M-25
Abu Dhabi – Mubasher: ADNOC Distribution logged net profits amounting to AED 2.16 billion in the first nine months (9M) of 2025, compared to AED 1.87 billion in 9M-24, according to the financial results. Revenues hiked year-on-year (YoY) to AED …
Financial Results
Photo Archive
28 October 2025 02:57 PM ADNOC Drilling’s regional expansion drives $1bn net profits in 9M-25
Abu Dhabi – Mubasher: ADNOC Drilling Company logged net profits valued at $1.06 billion in the first nine months (9M) of 2025, higher by 17% than $904.50 million. The group’s revenues climbed by 27% to $3.62 billion at the end of September 2025 …
Board of Directors
Photo Archive
15 October 2025 07:12 PM Dana Gas, Crescent Petroleum launch $1.1bn KM250 at Iraq’s Khor Mor
Abu Dhabi - Mubasher: Dana Gas and Crescent Petroleum have started commercial gas sales from the KM250 expansion at the Khor Mor facility in the Kurdistan Region of Iraq, delivered eight months ahead of schedule. The expansion adds 250 million …
Companies Investments
Photo Archive
12 October 2025 08:42 AM ADNOC’s listed companies mull AED 158bn cash dividends until 2030
Abu Dhabi - Mubasher: ADNOC’s six listed companies target cash dividends valued at AED 158 billion ($43 billion) through to 2030, subject to customary approvals. This is in addition to the AED 86 billion ($23 billion) already paid since the first …
Cash Dividends
Photo Gallery
30 September 2025 00:58 PM ADNOC Distribution relaunches Oasis brand with premium non-fuel offerings
Abu Dhabi - Mubasher: ADNOC Distribution has relaunched its Oasis convenience brand with a premium ‘On-the-Gourmet’ concept across 379 locations in the UAE, Egypt, and Saudi Arabia. The refreshed brand, known as Oasis by ADNOC, aims to elevate …
Companies Investments
Photo Archive
24 September 2025 08:42 PM ADNOC Distribution to pay $350m cash dividends for H1-25
Abu Dhabi – Mubasher: ADNOC Distribution has announced an interim dividend of $350 million (AED 1.28 billion) for the first half (H1) of 2025, equivalent to 10.28 fils per share. This aligns with the group’s commitment to delivering sustainable …
Cash Dividends
Photo Gallery
8 September 2025 01:45 PM Adnoc Gas to join FTSE Emerging Index, expected to attract $250m investment
Abu Dhabi - Mubasher: ADNOC Gas is set to join the FTSE Emerging Index, part of the FTSE Russell Global Equity Index Series, on 22 September 2025. The company expects this move to boost its global investor profile, expand its shareholder base, and …
Global Economy
Photo Gallery
28 August 2025 01:47 PM ADNOC expands global business via 15-year LNG supply deal with IndianOil
Abu Dhabi - Mubasher: Abu Dhabi National Oil Company (ADNOC) has signed a 15-year sales and purchase agreement (SPA) with Indian Oil Corporation Limited (IndianOil) for 1 million tons per annum (mtpa) of liquefied natural gas (LNG) from its Ruwais …
Companies Investments
Photo Archive
10 August 2025 06:25 PM Dana Gas delivers solid performance in H1-25, supported by investment in Egypt
Abu Dhabi – Mubasher: Dana Gas recorded 1% higher net profits at $73 million (AED 270 million) in the first half (H1) of 2025, versus $72 million (AED 263 million) in H1-24, the financial results indicated. The resilient performance was attributed …
Financial Results