Suez Canal navigation unaffected as vessel capsizes in Suez Gulf with 4 killed, 4 missing

Wed, 02 Jul 2025 - 09:10 GMT

The Admarine 12, a jack-up barge owned by a subsidiary of offshore drilling service provider ADES, was carrying 30 people when it capsized near Egypt's Gabal El-Zeit area in Ras Ghareb city late on Tuesday.

Saudi ADES Holding signs long-term agreement to invest $66M in Egyptian oil fields

Wed, 27 Mar 2024 - 03:42 GMT

This comes as part of a consortium partnership with a leading local Exploration and Production (E&P) player to operate and enhance production in key oil brownfields in Egypt.