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Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

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This is a 30% YoY increase over Q1 2025.

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Net income rose to $36.4 million, a 17% YoY increase.

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Saudi foreign minister in US to prepare for Trump visit

Saudi Foreign Minister Faisal bin Farhan. AFP
  • Last month, Trump said he may visit Saudi Arabia as early as April in a reprisal of 2017, when the kingdom was the first destination of his first term in office.
  • Foreign Minister Prince Faisal bin Farhan arrived in Washington on Tuesday, aiming to "prepare for Trump's visit to Riyadh", the source close to the Saudi government said.

Riyadh, Saudi Arabia — Saudi Arabia’s top diplomat is in Washington to lay the groundwork for US President Donald Trump’s upcoming visit, the first foreign trip of his second term, a Saudi government source told AFP Wednesday.

Last month, Trump said he may visit Saudi Arabia as early as April in a reprisal of 2017, when the kingdom was the first destination of his first term in office.

Foreign Minister Prince Faisal bin Farhan arrived in Washington on Tuesday, aiming to “prepare for Trump’s visit to Riyadh”, the source close to the Saudi government said.

The source, who requested anonymity to discuss sensitive matters, said “developments in Gaza, Yemen and Syria” were also on Prince Faisal’s agenda.

The official Saudi Press Agency said Prince Faisal was set to meet his US counterpart Marco Rubio to discuss “key regional and international developments”.

In January, Crown Prince Mohammed bin Salman, promised to pile $600 billion into US trade and investments.

Trump later said Saudi Arabia had agreed to “spend close to a trillion dollars… in our American companies, which to me means jobs”.

Trump forged close relations with Riyadh in his first term and is expected to push Saudi Arabia, home of Islam’s holiest sites, towards normalizing ties with Israel as a major foreign policy objective.