ADNOC Distribution eyes non-fuel growth

Semafor

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ADNOC Distribution eyes non-fuel growth

The NewsADNOC Distribution plans to expand non-fuel services in the UAE and add more stations in Saudi Arabia and Egypt to drive growth, after already capturing two-thirds of its home market, its chief executive officer told Semafor.The company dominates the UAE fuel market with 540 stations and is the largest convenience store operator in the country. With more than 2.1 million loyalty program members and 220 million annual transactions, ADNOC …

Drilling Contractor

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ADNOC Drilling, SLB & Patterson-UTI form joint venture - Drilling Contractor

ADNOC Drilling closed the agreement to create Turnwell Industries, a joint venture (JV) between ADNOC Drilling, SLB and Patterson-UTI. ADNOC Drilling holds a 55% majority equity stake, SLB holds 30% and Patterson-UTI holds the remaining 15%. Turnwell announced the acceleration of its initial 144 unconventional wells earlier this year in a record 19.9 days, with … The post ADNOC Drilling, SLB & Patterson-UTI form joint venture appeared first on D…

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ADNOC Drilling, SLB, and Patterson-UTI Launch Turnwell JV, Setting New Efficiency Benchmarks in Unconventional Energy

ADNOC Drilling Company PJSC (ADX: ADNOCDRILL) has successfully closed its joint venture agreement with SLB and Patterson-UTI, forming Turnwell Industries LLC (Turnwell). This groundbreaking collaboration is poised to advance Abu Dhabi’s efforts to unlock its vast unconventional energy resources, enhancing the UAE’s position as a leader in sustainable energy supply. The joint venture sees ADNOC Drilling holding a majority 55% stake, with SLB cont…

Zawya

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ADNOC Drilling, SLB, Patterson-UTI close Turnwell joint venture

The JV cements a powerful partnership that will lead the UAE’s new unconventional energy journey

aletihad.ae

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Abu Dhabi (Al Etihad) ADNOC Drilling Company today announced the completion of a deal to establish the joint venture Turnwell Industries, LLC, and OPC “Turnwell” between ADNOC Drilling, “SLP” and “Patterson UTI”, “TW, Holding, LLC” Patterson - UTA”. Abdulrahman Abdullah Al-Sayari, CEO of ADNOC Drilling, said that the completion of the “Turnwell” joint venture deal with “SLP” and “Patterson - UTI” supports the company's efforts to implement the c…