ADES secures second jack-up extension in two weeks

first_imgADES International, an oil & gas drilling and production services provider in the Middle East and North Africa (MENA), has secured a contract renewal for the Admarine 261 jack-up rig in Saudi Arabia.Illustration. Source: ADESADES said in a statement on Monday that the Admarine 261 renewal was for one year, which would be effective upon the expiry of the current contract in February 2020, at the same daily rate.The MENA-focused drilling firm, which owns 13 jack-up drilling rigs, did not say what the day rate was but VesselsValue claims that the previous deal was for $67,000 per day.According to Bassoe Analytics, the rig has been working in Saudi Arabia under a contract with Saudi Aramco since June 2015.It is worth noting that this extension comes less than two weeks after ADES won an extension for the Admarine 262 jack-up rig.The extension for the Admarine 262 was for a five-year term on a higher day rate, estimated to be around $75,000.Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.last_img read more

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finalists at the Nou Camp in September File photo of Paulo Dybala and Lionel Messi AFP Messi then scored a hat-trick in Ecuador to carry Argentina through to the 2018 World Cup Dybala was on the substitute’s bench in Quito but the 24-year-old will be on the field in Turin where a win will ensure Juventus reaches the knockout rounds Barcelona lead Group D by three points with two rounds to go and Ernesto Valverde’s side need only a draw to advance as group winners Dybala made a record-setting start to the Serie A season with 10 goals in six games before suffering a dip in form He got back on the scoresheet in the final seconds of Sunday’s 3-2 loss at Sampdoria to bring his tally to 12 goals in 13 games Since arriving in Turin from Palermo in 2015 the player dubbed "The Jewel" has scored 56 goals in 112 games But he has yet to open his tally in Europe this term Messi has hit three in the Champions League this season to join Cristiano Ronaldo in the exclusive club of players who have scored 100 goals in European competition ‘Messi like Maradona’ Diminutive dynamic and with a deadly left foot like his idol Dybala names Messi as a source of inspiration although he has also spoken about how difficult it is to play alongside the superstar in the Argentine national team Dybala said he had been misinterpreted adding that Messi had laughed off the comments when he tried to explain "Leo is like Maradona for those of our generation" Dybala told France Football "For me it’s an honour to play with him in the national team" "He dragged us to the World Cup with the hat-trick in Ecuador He is a born leader" Dybala has said that he would like one day play alongside Messi’s former Barcelona team-mate Neymar Jr The pair have long been tipped as heirs to Messi and Cristiano Ronaldo who have dominated world soccer’s annual awards in recent years "I have to work to improve and win trophies Once in front of a bonfire with friends we all made a wish – my own was to win the Ballon d’Or" As for his future at six-time defending Serie A champions he added: "In football you never know but I’m not thinking of going away" Barca are in top form having won 11 and drawn one of 12 domestic matches this season to sit four points ahead of Valencia in La Liga Juventus after their setback at Sampdoria are third in Serie A Seoul:The leaders of North and South Korea declared at a summit Friday they had a "common goal of realising through complete denuclearisation a nuclear-free Korean Peninsula" Exactly what that means remains unclear ahead of a much-anticipated summit between North Korean leader Kim Jong-un and US president Donald Trump The White House has urged "the denuclearisation of North Korea" but the distinction is crucial — that is an explicit reference to only one country while the broader term is open to interpretation on both sides The North — which invaded its neighbour in 1950 — is the only one of the two Koreas to possess nuclear weapons but the South has a security alliance with the most powerful nation on the planet What weapons does North Korea have Estimates of Pyongyang’s arsenal vary North Korean leader Kim Jong Un and South Korean President Moon Jae-in cross the military demarcation line to the South side at the border village of Panmunjom in the Demilitarized Zone AP Monitoring groups put the size of Pyongyang’s sixth and last atomic blast in September at 250 kilotons — 16 times the size of the US bomb that destroyed Hiroshima in 1945 and the kind of yield generated by a hydrogen bomb Seoul’s 2016 defence white paper — the most recent available — estimated the North had 50 kilograms of plutonium — reportedly enough for about 10 bombs — and a "considerable" but unquantified ability to produce uranium weapons Last year the Washington Post reported a US intelligence assessment that the North had up to 60 nuclear devices Where the North keeps its missiles is not publicly known but it has extensive experience in tunnelling and it is believed they are stored at underground facilities scattered around the country They are also mobile — it has put transporters on show at military parades What does the US have US president Donald Trump says his nuclear button is bigger than Kim’s — and it works According to the State Department as of 1 September the US has a total of 1393 deployed nuclear warheads deliverable by land and submarine-based missiles and heavy bombers It has thousands more in stockpiles and awaiting dismantlement campaign groups say with the Arms Control Association putting the total at 6550 last year The US withdrew tactical nuclear weapons from the South in the 1990s and Seoul does not have any itself But the US has an unparalleled ability to project power around the world and can reach targets anywhere with conventional or nuclear munitions It has long-range bombers mid-air refuelling capabilities and a fleet of nuclear submarines constantly at sea each armed with phenomenal destructive power What has Pyongyang promised According to Trump "they have agreed to denuclearisation" Asked what he meant by the term he told reporters earlier this month: "It means they get rid of their nukes — very simple" But North Korea itself has made no explicit pledge to do so during the current rapprochement According to Seoul it has offered to consider giving them up in exchange for unspecified security guarantees When Kim visited key backer China last month in only his first foreign trip as leader China’s state media cited him saying that the issue could be resolved if Seoul and Washington take "progressive and synchronous measures for the realisation of peace" — implying some form of quid pro quo What does that imply Pyongyang says it needs nuclear weapons to defend itself against the United States and interprets threats against it widely — it has regularly condemned US-South Korean joint military exercises as preparations for invasion Under the 1953 Mutual Defence Treaty between South Korea and the US Washington is duty-bound to come to its ally’s aid if attacked In the past Pyongyang has demanded the end of the alliance and the withdrawal of US troops from the South The US has 28500 troops stationed in the country to defend it from its neighbour and Washington’s nuclear arsenal is a key part of its defence capabilities — it does not have a "no first use" policy What has the North promised before Friday’s declaration was the first time the word "denuclearisation" has appeared in an inter-Korean summit communique There was no reference to the subject in the declaration after their first summit in Pyongyang in 2000 and seven years later they said they would work together to implement two existing agreements on "the nuclear issue on the Korean Peninsula" But one of those documents the Joint Statement of the Fourth Round of the Six-Party Talks issued in Beijing in September 2005 is unequivocal "The DPRK committed to abandoning all nuclear weapons and existing nuclear programmes" it said 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