Enersol uae Libya
ADNOC Drilling Secures Transformational $1.7 Billion Contract to
Strategic joint venture, Enersol, will be instrumental in providing scalable innovative technologies to support cutting-edge AI smart drilling design, completions engineering, and production solutions. Contract award marks a significant step in recovery of Abu Dhabi''s unconventional energy resources underlining the UAE''s role meeting the
The UAE is making a precarious shift in its Libya policy. Here''s why.
The UAE''s interventionism in Libya goes back to 2011. The UAE viewed Libya as a central battleground for the order of post-revolutionary states after the 2011 Arab uprisings, with the aim of curtailing the role of Islamist parties, like the Muslim Brotherhood, in governance.
Enersol Signs Agreement to Acquire Leading Downhole
The company has a global footprint with a presence in 36 countries, including the UAE and Saudi Arabia. Enersol is actively advancing plans to acquire and invest in multiple businesses and foster a scalable ecosystem that will enhance market value and position the JV as a technology-centric investment platform to the energy sector.
Adnoc Drilling JV M&A war chest to rise to $2bn | AGBI
Enersol''s three previous deals were for EV Holdings, a British company specialising in well diagnosis and analysis, acquired for $45 million in August; NTS Amega, a Dubai-based company involved in the repair and rental of manufacturing tools for the energy sector, with a 51 percent stake bought for $58 million in July; and Gordon Technologies, a US
Enersol on an acquisition spree – buys EV Holdings for $45mn
Earlier in the year, Enersol acquired an additional stake to take its total to 67.2 percent in Gordon Technologies, a US-based provider of measurement while drilling services. EV has a global footprint in 36 countries, including the UAE and Saudi Arabia, and provides well diagnostics services by leveraging a range of solutions that resolve highly complex wellbore
ENERSOL
ENERSOL SIGNS AGREEMENT TO ACQUIRE A 100% STAKE IN EV • Headquartered in the US, EV has a global presence in 36 countries, including UAE and Saudi Arabia. • EV''s Technology Centre in Norwich, UK is home 1to 116 patents and has an excellent track record of bringing new and innovative products and solutions to market.
UAE Welcomes New Libyan Executive Authority
The UAE has welcomed the formation of the New Libyan Executive Authority, expressing hope that this step would bring security, stability, and development to Libya. The UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) praised in a statement efforts by the United Nations to form a new executive authority, stressing the UAE''s
ADNOC Drilling''s Enersol to acquire 95% stake in US-based
ADNOC Drilling''s Enersol to acquire 95% stake in US-based Deep Well Services for $223mln. Reuters/REUTERS. The transaction would be Enersol''s fourth acquisition PHOTO. Enersol, a joint venture set up between the UAE''s ADNOC Drilling and Alpha Dhabi to pursue acquisitions, has agreed to acquire a 95% equity stake in the US-based Deep
Enersol to acquire leading downhole visualisation company, EV
ADNOC Drilling and Alpha Dhabi Holding announced today that their joint venture Enersol has agreed to acquire a 100% equity stake in EV Holdings Ltd. (EV) for approximately US $45 million from UK-based private equity firm, Dunedin. including the UAE and Saudi Arabia. EV provides well diagnostics services by leveraging a range of solutions
Enersol invests $58m in majority stake in UAE firm
Enersol invests $58m in majority stake in UAE firm 24 July 2024 By Indrajit Sen When the transaction is complete, Enersol – a JV of Adnoc Drilling and Alpha Dhabi – will become the 51% shareholder in NTS Amega
Enersol Takes Control of Gordon Technologies in $270 Million Deal
The deal, valued at approximately $270 million, builds upon Enersol''s initial 25% stake purchase in Gordon Technologies, which was announced in January 2024. The investment underscores Enersol''s commitment to fostering technological advancements in the oil and gas sector, aligning with the UAE''s broader energy security goals.
Enersol Signs Agreement to Acquire Leading Downhole
Abu Dhabi, UAE – August 5, 2024: ADNOC Drilling Company PJSC ("ADNOC Drilling" or Enersol (the "JV'''') has agreed to acquire a 100% equity stake in EV Holdings Ltd. (EV) for approximately $45 million1 from UK-based private equity firm, Dunedin. Completion of the transaction is subject to obtaining the necessary regulatory
Adnoc Drilling JV Enersol aims to conclude planned
Adnoc Drilling JV Enersol aims to conclude planned acquisitions worth $1.5bn by end of 2025 Launched in January, Enersol is a tech-centric investment platform focused on the oilfield services business
ADNOC Drilling and Alpha Dhabi''s "Enersol" Joint Venture
ADNOC Drilling will benefit from Enersol''s AI, digitization, and advanced technology acquisitions, bringing accretive returns to shareholders. Abu Dhabi, UAE – June 11, 2024: ADNOC Drilling
ADNOC Drilling and Alpha Dhabi''s Joint Venture Completes First
investment decisions with the ability to support the UAE''s wider energy transition ambitions, net zero agenda and ongoing economic diversification efforts. - ENDS - Webcast and Conference Call ADNOC Drilling will host a webcast and conference call followed by a Q&A session for investors and analysts on Thursday January 11, 2024, at 16:00 pm
UAE to Libya Time Converter -
United Arab Emirates Time and Libya Time Converter Calculator, United Arab Emirates Time and Libya Time Conversion Table. TIMEBIE · US Time Zones · Canada · Europe · Asia · Middle East · Australia · Africa · Latin America · Russia · Search Time Zone · Multiple Time Zones · Sun Rise Set · Moon Rise Set · Time Calculation · Unit Conversions
Enersol Signs Agreement to Acquire a Majority Stake in NTS
Enersol Signs Agreement to Acquire a Majority Stake in NTS AMEGA Agreement signed to acquire a 51% equity stake in NTS AMEGA, Alpha Dhabi Holding (ADH), a UAE listed company, was established in 2013 and is one of the fastest growing Abu Dhabi based investment holding companies, with more than 250 businesses spread
Enersol signs agreement to acquire a majority stake in NTS Amega
Enersol, a joint venture between ADNOC Drilling Company and Alpha Dhabi Holding, has agreed to acquire a 51% equity stake in NTS Amega (NTS) for a consideration of approximately US $58 million (excluding transaction fees, expenses and completion adjustment), making Enersol the majority equity holder. Headquartered in the UAE, NTS has
Enersol to Acquire Deep Well Services in $223M Deal
DWS, through Enersol, will play a role in contributing to the development of the United Arab Emirates'' conventional and unconventional energy resources. Enersol companies will support the delivery of ADNOC Drilling''s recent $1.7 billion contract award to deliver 144 unconventional wells to ADNOC Group by leveraging the various technologies available to it.
Enersol acquires additional 42% stake in Gordon
Enersol RSC has agreed to acquire an additional 42.206 percent equity stake in Gordon Technologies LLC for consideration of $270 million. A major driver of investment decisions will be the ability of those investments to support the UAE''s wider energy security ambitions, net zero agenda and ongoing economic diversification efforts.
Adnoc Drilling JV Enersol aims to conclude planned acquisitions
Enersol, the joint venture between Abu Dhabi companies Adnoc Drilling and Alpha Dhabi Holding, aims to achieve its goal of investing $1.5 billion in technology-driven companies within the oilfield
ADNOC Drilling, Alpha Dhabi JV to fully acquire EV Holdings for
ADNOC Drilling Company and Alpha Dhabi Holding announced today that their joint venture (JV) Enersol has agreed to acquire a 100 percent equity stake in EV Holdings for around $45 million from UK-based private equity firm, Dunedin. Completion of the transaction is subject to obtaining the necessary regulatory approvals and closing adjustments, after which
ADNOC Drilling''s Enersol to acquire Deep Well Services
ADNOC Drilling Company and Alpha Dhabi Holding announced today that their joint venture Enersol has agreed to acquire a 95% equity stake in Deep Well Services (DWS), for approximately $223 million
Ayman Alteneiji
Chairman at EnerSol Gulf · Further together for better green world! · الخبرة: EnerSol Inc. · التعليم: Dubai Police Academy · الموقع: أبو ظبي · 39 زميل على LinkedIn. عرض ملف Ayman Alteneiji الشخصي على LinkedIn، وهو مجتمع احترافي يضم مليار عضو.
Abu Dhabi''s Enersol raises stake in US drilling firm
When the estimated $207m transaction is completed, Enersol – a JV of Adnoc Drilling and Alpha Dhabi Holding – will become the majority stakeholder in Gordon Technologies Libya; Morocco; Oman; Qatar; Saudi Arabia; Syria; Tunisia; UAE; Saudi Gigaprojects; Reports. Premium Reports; (Dubai Creative Clusters Authority) Registered address
Strategic shifts: The UAE''s evolving role in the Libyan dossier
This context positions Libya as an indispensable component of the UAE''s aspiration to act as a commercial conduit between China and Western nations. Within this geopolitical framework, the eastern part of Libya, predominantly under Haftar''s control, offers the UAE an unparalleled opportunity to assert itself as a regional power.
5 FAQs about [Enersol uae Libya]
What is ADNOC enersol?
Photo: Adnoc Enersol, the joint venture between Abu Dhabi companies Adnoc Drilling and Alpha Dhabi Holding, aims to achieve its goal of investing $1.5 billion in technology-driven companies within the oilfield services sector by the end of next year, a senior official said.
What is enersol & how does it work?
Launched in January, Enersol is a tech-centric investment platform aimed at bolstering Adnoc Drilling’s fast-growing oilfield services business, which makes up about 17 per cent of the company’s revenue. In June, Enersol became a majority shareholder in US-based Gordon Technology, which specialises in measurement while drilling (MWD) technology.
Is enersol part of ADNOC Drilling?
Enersol is part of Adnoc Drilling’s efforts to offer more services and capture a larger market share, Mr Salem said. The Adnoc subsidiary’s oilfield services sector has grown since Baker Hughes took 5 per cent in the company for $550 million in 2018.
Will enersol acquire Gordon technologies in MENA?
Gordon Technologies has established its Abu Dhabi enterprise to commence field operations in MENA. ADNOC Drilling will benefit from Enersol’s AI, digitization, and advanced technology acquisitions, bringing accretive returns to shareholders.
Will Gordon buy enersol?
Closing of the transaction is subject to customary regulatory approvals and closing adjustments. Gordon is debt-free, and its acquisition is economically accretive to Enersol from a profitability, valuation multiple, cash flow generation and dividend potential standpoint, along with a FY2023 free cash flow yield of more than 10%.