top of page
Alpha Dhabi Holding.jpg

Latest News on Oil & Gas Industry

News By:

Gulf News Logo.jpg

Alpha Dhabi Holding brings Gordon Technologies' stake to new venture with ADNOC Drilling

Abu Dhabi heavyweights' alliance will invest in energy-tech entities

Dubai: A new joint venture has got underway between ADNOC Drilling Company and Alpha Dhabi Holding - one of Abu Dhabi's biggest investment companies. The new entity will 'pursue global investments' in energy technology and expand tech-enabled energy services. As the first investment in the JV, Alpha Dhabi contributed its 25 per cent stake in Gordon Technologies, a US-based provider of measurement while drilling technology to the oil and gas industry. (The stake has been valued at around $180 million.) ADNOC Drilling holds 51 per cent in the venture, with both having equal representation on the board of directors. The JV’s financial results will be accounted for by ADNOC Drilling through the equity method starting from Q1-2024 financials.

Published:  January 09, 2024 10:05

Strip 3.jpg


Transforming Moments into Memories

Strip 4.jpg

Energy Innovation at Your Fingertips: JLX Social Hub

bottom of page