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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

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EVENTS

Transforming Moments into Memories

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JLX International Annual Meeting 2024

JLX International Annual Meeting 2024 celebrated the company's 11th Year Anniversary with the theme "Momentum Unleashed," featuring 14 distinguished speakers who highlighted achievements from 2023 and unveiled ambitious plans for 2024. CEO Mr. Bowen presented the 2024 Strategic Plan, outlining a roadmap for continued growth. Outstanding employees were recognized, and the Employee of the Year was announced, showcasing the organization's commitment to its workforce. The Happy Party included a global raffle draw, bringing together in-person and virtual participants to celebrate lucky winners and foster a sense of joy and camaraderie. Emphasizing a harmonious work environment, the event encouraged employees to embrace a culture of both diligence and enjoyment, reflecting the company's dedication to innovation, collaboration, and a positive professional experience.

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Abu Dhabi International Petroleum Exhibition & Conference 2023

JLX International joins the global energy community at ADIPEC in Abu Dhabi, uniting with 2,200+ industry leaders to drive energy innovation, decarbonization, and secure the future of our energy system.

The event features discussions, seminars, and presentations by industry experts. ADIPEC's focus on decarbonization aligns with the growing importance of sustainability and environmental responsibility in the energy industry. It's an opportunity for JLX International to highlight its commitment to these principles and showcase green and sustainable energy solutions.

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CSSOPE UAE 2023

JLX International is proud to announce its participation in the highly anticipated China Sourcing Summit On Petroleum & Chemicals Equipment (CSSOPE) 2023, which will be held at the prestigious Emirates Palace in Abu Dhabi. As a leading player in the petroleum and chemicals equipment industry, we see this event as a valuable platform to connect with key stakeholders, exchange insights, and showcase our state-of-the-art solutions. We are enthusiastic about the opportunity to discuss emerging trends, sustainable practices, and industry advancements with fellow professionals and experts in the field. Our team is prepared to engage in meaningful discussions and explore collaborative opportunities that will drive innovation and growth in this sector. We are confident that CSSOPE 2023 will serve as a pivotal moment for forging new partnerships and advancing our global presence.

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Baker Hughes Channel Forum 2023

JLX International received an exclusive invitation to participate in the esteemed Baker Hughes Channel Forum, a testament to their standing as a trusted partner in the industry. Accepting the invitation to the Baker Hughes Channel Forum is a recognition of JLX International's commitment to collaboration and staying at the forefront of industry advancements. This invitation highlights JLX International's pivotal role within the Baker Hughes network, providing them with a valuable platform to engage with industry leaders and share their expertise.

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Most Promising Development Award 2023

JLX International has consistently demonstrated exceptional innovation and dedication within the energy sector, making them a deserving recipient of the SINOPEC Most Promising Development Award in 2023. Their pioneering efforts in sustainable energy solutions, coupled with their unwavering commitment to environmental stewardship, have set a new standard for the industry. JLX International's visionary leadership and groundbreaking initiatives make them a true catalyst for positive change in the world of energy development.

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Rigging, Slinging, & Banksman Training

The JLX Service Facility recently hosted comprehensive rigging, slinging, and banks man training sessions, equipping participants with the necessary expertise to excel in their designated roles. This commitment to training ensures that our team members are fully prepared to perform their duties effectively and safely.

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StarTrak Deck Test

Our JLX Iraq field engineers successfully conducted a thorough deck test of the 4.75 StarTrak system, demonstrating its reliability and functionality in challenging operational conditions. This test reaffirmed the system's suitability for the team's specific needs, paving the way for its effective deployment in the field.

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Energy Innovation at Your Fingertips: JLX Social Hub

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