News Results for ADES International Holding (ADES)

Ades International, an oil & gas drilling and production services provider, said Thursday it had renewed an existing contract for offshore rig Admarine 657. The renewal for Admarine 657,...

Oil & gas services provider Ades said Friday it had acquired twelve onshore rigs from Weatherford International in Kuwait for $123m. Eight out of twelve rigs were currently contracted in...

Oil services group ADES International posted a 17% rise in annual profit amid a recovery in crude prices. Net profit rose to $44.6m, as revenue increased by 18% to $157.6m. 'We expect 2018 to...

ADES International Holding has successfully extended two existing contracts for Admarine II, Admarine IV and renewed its lease for Admarine VI, all of which are in the Gulf of Suez area. The group...

ADES International Holding has maintained its guidance on full year revenue growth, normalised net profit and net profit margin. Revenues for the nine-month period ended 30 Sep were approximately...

ADES International Holding has been awarded a new contract for its ADMARINE III offshore jack-up rig. The contract was awarded by General Petroleum Company, the first national oil company in...

ADES International's subsidiary ADES SAE has entered into a long-term joint venture agreement with a subsidiary of Vantage Drilling International. The new JV company will leverage Vantage's...

ADES International Holding's revenues rose to $88m in the six months to the end of June - 46% up on last time. Adjusted EBITDA increased by 43% to $45m and net profits of $22m were up 19%. Chief...

ADES International Holding has confirmed it continues to expect organic double-digit revenue growth while maintaining similar margins in the current financial year. ADES said it now expected...

ADES International Holding, the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, has...

ADES International Holding has reported strong first half trading and said it remained on track to meet management's expectations for the full year. The group said the average utilisation rate...

ADES International Holding has been awarded a contract by ENI IEOC, the Egyptian subsidiary of Italian oil major Eni, for a new drilling campaign offshore Egypt. The contract was awarded by...

ADES International Holding said revenues rose to around $48.2m in the three months to the end of March - 67% up on last time. The company confirmed it was on track to deliver on its budget for...