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Saudi Arabia's State Fund Hires Banks for IPO of ADES, Sources say

November 21, 2022

ADES recently bought seven jack-up drilling rigs from Seadrill - ©Seadrill
ADES recently bought seven jack-up drilling rigs from Seadrill - ©Seadrill

Current News

Rising Costs of War: Gulf Energy Infrastructure Stares Down $25B Repair Bill

Rising Costs of War: Gulf Energy Infrastructure Stares Down $25B Repair Bill

ADES Expects Up to 44% Earnings Rise Despite Regional Tensions Impacting Rigs

ADES Expects Up to 44% Earnings Rise Despite Regional Tensions Impacting Rigs

Thai Tanker Transits Hormuz after Iran Talks

Thai Tanker Transits Hormuz after Iran Talks

Iran to UN: 'Non-Hostile' Ships Can Transit Strait of Hormuz

Iran to UN: 'Non-Hostile' Ships Can Transit Strait of Hormuz

Oil Falls on Middle East Ceasefire Hopes, Easing Supply Fears

Oil Falls on Middle East Ceasefire Hopes, Easing Supply Fears

Oil Executives Flag Long-Term Impact of Iran Conflict

Oil Executives Flag Long-Term Impact of Iran Conflict

Oil Rises as Iran Denies US Talks, Supply Risks Persist

Oil Rises as Iran Denies US Talks, Supply Risks Persist

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