Sharjah–based gas company Dana Gas has posted a record gross profit of AED 1.33 billion (US$362 million) for the year ended December 31, 2011

Weatherford International has reported that first quarter profit for 2012 more than tripled compared to the same period in 2011 to hit US$190 million

Baker Hughes first quarter profit for 2012 has fallen to US$379 million from $381mn for the same period in 2011

Oilfield services company Schlumberger has reported a 38 per cent increase in its first quarter profits from US$944 million for Q1 2011 to $1.3 billion for the same period in 2012

The Middle East’s largest oil and gas exhibition will take its first steps outside with the introduction of outdoor stands and demonstration areas