Category: ADES
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Ten big consolidation moves across rig, oil & gas, and shipping spheres
Ten big consolidation moves across rig, oil & gas, and shipping spheres As the global consolidation momentum builds against the backdrop of ever-changing and challenging geopolitical conditions and energy realms, many companies engaged in the offshore drilling, subsea, hydrocarbon exploration and production (E&P), and maritime arenas are working to strengthen their place in the offshore…
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Eni going full steam ahead with drilling campaign in Gulf of Suez
Eni going full steam ahead with drilling campaign in Gulf of Suez As the dash for gas off the coast of Egypt continues to run unabated, the country’s Minister of Petroleum and Mineral Resources has visited the drilling site of the first well in the drilling program, Italy’s energy giant Eni is currently undertaking in…
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Shell hires ADES rig for drilling ops offshore Brunei
Shell hires ADES rig for drilling ops offshore Brunei ADES International Holding, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has landed a new offshore drilling assignment for one of its jack-up rigs off the coast of Brunei with Brunei Shell Petroleum (BSP), a joint venture company between the…
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33 jack-up rigs change hands as ADES and Shelf Drilling tie the final merger knot
33 jack-up rigs change hands as ADES and Shelf Drilling tie the final merger knot ADES International Holding, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has put the finishing bow on the merger with the UAE-based Shelf Drilling, augmenting its offshore drilling fleet with 33 more jack-up rigs.…
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ADES-Shelf Drilling merger wrap-up coming before November ends
ADES-Shelf Drilling merger wrap-up coming before November ends ADES International Holding, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, is days away from crossing the finish line for its merger with the UAE-based Shelf Drilling, expanding its offshore drilling fleet with the addition of 33 jack-up rigs. The post…
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Drilling job in Saudi waters on ADES rig’s agenda in January
Drilling job in Saudi waters on ADES rig’s agenda in January ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has secured the green light to restart one of its offshore drilling assignments off the coast of Saudi Arabia. The post Drilling job in Saudi waters on ADES rig’s agenda in January appeared first…
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Tragic incident in Gulf of Suez: Four dead, three missing as jack-up capsizes
Tragic incident in Gulf of Suez: Four dead, three missing as jack-up capsizes ADES has disclosed a towing incident in Egypt’s Gulf of Suez, involving a jack-up barge unit owned by its subsidiary and operating within a key oil zone in Egyptian territorial waters. The post Tragic incident in Gulf of Suez: Four dead, three missing…
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Transocean, Noble, Valaris, Seadrill, ADES, and Shelf Drilling get hold of $31 billion backlog: Is rig demand tapering off?
Transocean, Noble, Valaris, Seadrill, ADES, and Shelf Drilling get hold of $31 billion backlog: Is rig demand tapering off? Transocean, Noble Corporation, Valaris, Seadrill, Shelf Drilling, and ADES have reported a combined total backlog of $31.17 billion in the first quarter of 2025. The post Transocean, Noble, Valaris, Seadrill, ADES, and Shelf Drilling get hold…