Bernstein on Tuesday increased the price target for drilling services company Ades Holding (SASE:2382) to 26.17 Saudi riyals from 22.24 riyals and kept its rating at outperform.
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Equities
Caspian Sunrise Gets Regulatory Nod in Kazakhstan for Four New Wells
Caspian Sunrise (CASP.L) secured regulatory approval to drill four new wells on the BNG contract area in Kazakhstan.The London-listed oil and gas exploration and production company will work on two 5,000 meter-deep wells and a shallower one with a depth of 3,500 meters at the Yelemes Deep structure targeting Permian limestone and Triassic sandstone, respectively, according to a Monday release.Another well with a depth of 2,500 meters will also be drilled on a potential new shallow structure LK6 targeting Cretaceous point bar sandstone.
$CASP.L
Equities
Constellation Oil Services Applies for Trading on Euronext Oslo Børs
Euronext Oslo Børs said Monday it received Constellation Oil Services' (COSH.OL) application to trade on the bourse.The offshore drilling company intends to transfer its listing from Euronext Growth Oslo.
$COSH.OL
Equities
Eni to Expand Cookstoves Production Capacity at Mozambique Facility
Eni's (ENI.MI) Eni Natural Energies Mozambique and the Instituto Superior Dom Bosco will install a new cookstoves production unit at the Salesian Vocational Training Centre in Maputo, Mozambique.The expansion project aims to increase the site's manufacturing capacity to 500 cookstoves per day from 350 previously, according to a Monday release.The cookstoves are distributed across provinces in Mozambique as part of the Italian energy company's Clean Cooking Programme in Sub-Saharan Africa.
$ENI.MI