Industry

Frost & Sullivan snapshot of oil market in Libya

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According to Frost & Sullivan, the approaching end to the Libyan struggle for change is unlikely to result in sustained peace with forces loyal to the old regime still remaining active.

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Petrofac's first half profits jump

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Petrofac's earnings for the first half of the year rose 6.6 per cent to US$246mn compared with the same period last year and revenues increased by 25.2 per cent to US$2.7 billion as the result of new awards.

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DNO has strong operational performance in Q2

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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

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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

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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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