ADNOC Drilling Company P.J.S.C. engages in the provision of drilling and construction services in in the United Arab Emirates. The company operates through four segments: Onshore, Offshore Jackup, Offshore Island, and Oilfield Services. It provides onshore drilling and workover rigs, equipment, and related services; and rigs, equipment, and island rig services, as well as transportation, catering, diesel supply, camp construction, and accommodation services. The company also offers hiring out of onshore and offshore drilling rigs to parties involved in oil and gas exploration and production; and oil field services, including directional drilling, surface logging services (SLS), wireline services, cased hole logging, and pressure pumping, as well as drilling and completion fluids. The company was founded in 1971 and is headquartered in Abu Dhabi, the United Arab Emirates. ADNOC Drilling Company P.J.S.C. is a subsidiary of Abu Dhabi National Oil Company.
Q4 2025 is off to a flying start with record highs being printed left, right, and center. US and Japanese stocks made fresh new highs, while the gold price powered through $4,000 for the first time, and Bitcoin crossed the $126k level. Is this all a case of USD weakness, irrational exuberance, or solid fundamentals? This week, we are reviewing Q3 market performance, Q2 earnings season, and the outlook heading into the end of 2025…
In the last week, the market has stayed flat, however the Information Technology sector stood out, gaining 8.6%. Meanwhile, the market is actually up 13% over the past year. Earnings are forecast to grow by 6.5% annually. Market details ›