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Tag: Rowan

ADES gets $450 million syndicated loan for further acquisitions

Posted: March 25, 2018 at 7:27 pm   /   Oil & Gas

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. The loan comprises three separate tranches, all of […]

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Rowan sells stacked Gorilla IV jack-up rig to ADES in Egypt

Posted: March 11, 2018 at 8:10 pm   /   Oil & Gas

Offshore driller Rowan Companies has reportedly sold one if its jack-up drilling rigs to Advanced Energy Systems (ADES) in Egypt. According to information provided by VesselsValue, a website providing intel on offshore and shipping world, Rowan sold its previously cold stacked jack-up drilling rig Rowan Gorilla IV for an undisclosed price on Tuesday, March 6. […]

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