London-listed drilling contractor ADES International Holding PLC (ADES) has secured a new two-year contract for its ADMARINE IV offshore jack-up rig in Egypt and has signed a one-year contract extension for its onshore rig RIG 828 in Algeria
Industry
Weatherford International CEO discusses financial restructuring
During the past year, the multinational oil and natural gas company Weatherford International has undertaken a company-wide transformation to improve its execution capabilities, lower the cost structure and create efficiencies in its operations
Tribe Infrastructure finances major power project in Sharjah
Abu Dhabi advisor Tribe Infrastructure (Tribe), in partnership with Alderbrook Finance, has completed the debt financing for Sumitomo Corporation (Sumitomo), GE Energy Financial Services (GE EFS), Sharjah Asset Management Holding (SAM) and Shikoku Power on the 1,800MW Hamriyah independent combined-cycle power plant (IPP) in Sharjah
Trenchless solutions for high-capacity pipeline construction
Efficient cross-border pipeline networks are essential to reliably meet the growing global demand for energy
ADNOC, OCI announce new joint venture in nitrogen fertiliser
The Abu Dhabi National Oil Company (ADNOC) has announced a new strategic partnership with OCI, a producer and distributor of natural gas-based fertilisers and industrial chemicals, headquartered in the Netherlands
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