Exploration

Adnoc-backed venture acquires US engineering player in latest expansion drive

Additional 42.2% stake in Gordon was acquired by joint venture for about $270 million, making Enersol majority equity holder in US player

An Adnoc worker at at wireline truck in Abu Dhabi.
An Adnoc worker at at wireline truck in Abu Dhabi.Photo: ADNOC DRILLING
Middle East and South Asia EditorNew Delhi
Published 2 September 2024, 10:09Updated 2 September 2024, 10:09
Abu DhabiADNOCAdnoc DrillingUAEUnited States