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ADES gets $450 million syndicated loan for further acquisitions

Egypt’s offshore driller ADES has signed a US$450 million syndicated credit facility to support its recently announced plans to pursue further acquisitions.

In addition to funding potential acquisitions, the loan will also be used to refinance the company’s existing debt and to finance anticipated future working capital. 329 more words

Oil & Gas

ADES posts increase in profits, targets acquisitions

Egypt’s offshore and onshore driller ADES has posted an increase in full-year profit and is targeting acquisition opportunities.

The company on Monday said its revenue grew 17.5% year-on-year, from $134.1 million in 2016 to $157.6 million in 2017. 332 more words

Oil & Gas

ADES in talks to acquire up to five jack-up rigs from Nabors

ADES International Holding has agreed to acquire three jackups from Nabors Drilling International II that are currently operating offshore the Arabian Peninsula for a major national oil company. 210 more words

Oil & Gas

Jim Nabors, TV’s homespun Gomer Pyle and singer, dies at 87


HONOLULU/November 30, 2017 (AP)(STL.NEWS) — Jim Nabors, the shy Alabaman whose down-home comedy made him a TV star as Gomer Pyle and whose surprisingly operatic voice kept him a favorite in Las Vegas and other The post Jim Nabors, TV s homespun Gomer Pyle and singer, dies at 87 appeared first on STL.News.
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Jim Nabors, TV's homespun Gomer Pyle and singer, dies at 87


HONOLULU/November 30, 2017 (AP)(STL.NEWS) — Jim Nabors, the shy Alabaman whose down-home comedy made him a TV star as Gomer Pyle and whose surprisingly operatic voice kept him a favorite in Las Vegas and other showplaces, died Thursday. 6 more words