Four dead as ADES subsidiary’s barge capsizes in Gulf of Suez
At the time of the incident, 30 personnel were aboard the vessel, including 18 ADES employees.
03 July 2025
03 July 2025
At the time of the incident, 30 personnel were aboard the vessel, including 18 ADES employees.
The terms of settlement have not been specified, and no compensation has yet been awarded to Gazprom.
The four-year deal is set to begin on 1 October 2025.
The bid includes $5bn in cash and the remainder in credit bids for up to 14 claims.
The company will deploy the NAGA 5 jack-up rig to drill 15 wells.
As of this quarter, the five-year contract entails delivering integrated hydraulic fracturing services for conventional and tight reservoirs.
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