Tag: Services
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ADNOC Logistics and Services receives more than $125 billion in subscription requests
The Abu Dhabi National Oil Company (ADNOC) has received orders for more than $125 billion in the initial public offering of a stake in ADNOC Logistics and Services. Today, Thursday, May 25 (2023), ADNOC announced the completion of the price construction process and the initial public offering of the “Supply and Services” unit, the leading…
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The world’s largest oilfield services company is shrinking its business in Russia
The American company (SLB), the largest oilfield services company in the world, has begun to reduce its activity in Russia after more than a year has passed since the Russian-Ukrainian war, and the imposition of multiple Western sanctions packages. And it seems that the measures to reduce its operations and activity in Russia began since…
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The UAE’s ADNOC intends to offer 15% of the shares of the “Supply and Services” company
Abu Dhabi National Oil Company “ADNOC” continues to implement its strategy aimed at diversifying sources of income by issuing minority stakes in a number of its subsidiaries. The Emirati company announced its intention to offer a minority stake representing 15% of the shares of “ADNOC Logistics and Services”, the leading company in the field of…
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Aramco signs an agreement to establish the first global center for logistics services in Saudi Arabia
Saudi Aramco signed a new agreement with DHL, the global logistics services company, to establish the first global center for logistics services in the region, in the Kingdom. Today, Monday, March 20 (2023), the popular and integrated Saudi company in the field of energy and chemicals announced the signing of a shareholder agreement to establish…
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OQ Oman sells 20% of the shares of Abraaj Energy Services
OQ Oman announced the sale of 20% of the shares of Abraaj Energy Services Company, a subsidiary of the group, about a month before it was listed on the Muscat Stock Exchange. The giant Omani energy company signed the sale agreement with the Saudi Omani Investment Company, as part of efforts to attract foreign investments,…
