Industry

Global oil and gas spending to smash US$1 trillion barrier

Sunset-oilrigGlobal oil and gas capital expenditure (capex) will reach US$1,039bn for 2012 thanks to increased activity in the E&P sector, a report by GlobalData has forecast

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SNC-Lavalin bags US$135 million KAPSARC contract

KAPSARCSNC-Lavalin has been awarded a 10-year contract to operate and maintain the King Abdullah Petroleum Studies and Research Center (KAPSARC) project in Riyadh, Saudi Arabia

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Dana Gas posts increase in Q2 2012 profit

DANA gasSharjah-based Dana Gas has announced an increase of 46 per cent in its Q2 2012 profit when compared to results for the same period last year 

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Aker Solutions earnings jump on strong market demand

Aker-H-6eNorway-based Aker Solutions has posted strong Q2 2012 results as the engineering firm saw strong demand for its services in most regions of the world with global oil and gas market activity remaining high

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OAPEC records US$624.8 billion revenue in 2011

OIL-opecThe total revenue of the 11 members of the Organisation of Arab Petroleum Exporting Countries (OAPEC) soared to US$624.8bn in 2011, according to the latest data from the organisation

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