Norway's PGS said first-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA) almost doubled, rising to $145.7 million from $72.9 million, and coming in ahead of forecasts for $138 million.
For the full year, the company said it expected EBITDA at around $700 million, above a previous guidance for between $650 million and $700 million, while forecast capital spending would be between $350 million and $400 million.
The
