DNO has strong operational performance in Q2


DNO International had an impressive second quarter of 2011 with increased production to 48,582 barrels of oil per day (bopd) and the doubling of the reserves at the Tawke field in Iraq.

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MIS posts weaker Q2 earnings


Maritime Industrial Services Co. (MIS) posted weaker second quarter 2011 results with revenue falling by 44 per cent and profits took a tumble with MIS posting a loss of US$6.1mn.

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Foster Wheeler Q2 profits fuelled by power division


Foster Wheeler AG recently reported net income for the second quarter of 2011 of US$63.3mn, compared with US$58.9mn, in the second quarter of 2010.

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Belarussian firm withdraws from Iran


The Belarusian national oil company Belarusneft is pulling out of developing Iran’s Jofeir oilfield over differences with the state National Iranian Oil Co.(NIOC), the semi-official Mehr news agency announced.

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Aker Solutions posts weaker Q2 earnings


Aker Solutions' second quarter consolidated revenue was US$ 1.42 billion, compared with US$1.47 billion in the same period in 2010. Profits in the quarter were negatively affected by operational challenges.

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