Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Middle East Drilling Activity Sees Sustained Growth

Guavy AI Editorial Team
Instruments
Oil
Share

ADES, a Saudi oil and gas driller, has received resumption notices for all its suspended offshore rigs in Saudi Arabia, following Arabian Drilling's lead.

The move reflects sustained strength of offshore market fundamentals, with contracted jackup utilisation holding around 90% and day rates remaining firm.

This comes after the company's rigs restarted work in Qatar, further reinforcing a steady return to activity across the Middle East.

More on Commodities

Commodities 3m ago

Antofagasta Copper Output Forecast Slashed Amid Mine Disruptions

Commodities 6m ago

Alaska LNG Pipeline Bill Collapses Amid 'Intractable Differences'

Commodities 6m ago

South Korean Firm Merges Shipping Companies to Become Asia's Largest LNG Carrier Operator

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy