Saudi drilling services company Ades Holding (SASE:2382) said Wednesday it signed a deal with Valeura Energy for offshore shelf drilling in Thailand.
The three-year contract is valued at 345 million Saudi riyals, with operations expected to start in the fourth quarter.
EQT (EQT) reported Q1 adjusted earnings late Tuesday of $2.33 per diluted share, up from $1.18 a year earlier.Analysts surveyed by FactSet expected $2.08.Total operating revenue for the three months ended March 31 was $3.38 billion, up from $1.74 billion a year earlier.Analysts polled by FactSet expected $3.22 billion.
US President Donald Trump said in a Truth Social post that the US will extend its ceasefire with Iran at Pakistan's request.Trump also said Tuesday he has ordered the US to continue the blockade on the Strait of Hormuz.Plans for diplomatic talks had been scrapped.
Magnora (MGN.OL) said Tuesday that Chairman Torstein Sanness will step down but remain an adviser to the company.The renewable energy group's nomination committee proposed the appointment of board member John Hamilton as the new chairman, subject to shareholder approval at the annual general meeting on May 12.Magnora noted that Hamilton is also the chief executive officer of oil and gas company Panoro Energy (PEN.OL).