-- Odfjell Drilling (ODL.OL) said Monday that a blowout preventer fell to the seabed at a depth of 1,100 meters during operations on April 18.
No injuries were reported, and the rig remains secure.
However, the drilling company has halted operations while it recovers the equipment and investigates the cause of the incident.
China exported 5,238 metric tons of rare earth magnets in March, down 1.6% from last year but up 11% from February, Reuters reported Monday.This brought first-quarter exports to 16,001 tons, up 4.8% from the previous year, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
The board of directors of Mold-Tek Packaging (NSE:MOLDTKPAC, BOM:533080) has declared the first interim dividend of 2 rupees per equity share of face value of 5 rupees each for the financial year 2025-26, according to a filing to the Indian stock exchanges.The record date to determine the eligible members for payment of the interim dividend has been fixed as April 24.The company's shares were down nearly 1% in recent trade.
Indonesia's state energy firm Pertamina has been forced to halt the planned movement of two oil tankers after renewed disruptions in the Strait of Hormuz, following Iran's reversal of its decision to reopen the key shipping route, the Jakarta Globe reported Monday.The vessels, Pertamina Pride and Gamsunoro, remain stuck in the Persian Gulf and are unable to exit through the strait, which connects the region to the open ocean. Pertamina International Shipping said it is closely monitoring the "highly dynamic" situation while coordinating with authorities to secure safe passage for the ships and their cargo, according to the report.The Strait of Hormuz, a key route for global oil shipments, has faced repeated disruptions amid rising tensions between the US and Iran. This has pushed Brent crude prices higher as markets worry about potential supply risks. the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)