UAE-based energy investment company RAK Petroleum has posted a net profit of AED 81.3 million (US$22.1 million) for the first quarter of 2012

Norway-based Aker Solutions has announced that it will acquire NPS Energy from Dubais National Petroleum Services

US-based FTS International (FTSI) has signed an agreement with Summit Technologies Company (Summit), through its affiliate Selected Arabia, for its first international joint venture

Kuwait Energys 2011 profit surged by 58.9 per cent on 2010 figures as the firm posted a record net profit of US$34.8 million for 2011

The Organisation of the Petroleum Exporting Countries (OPEC) has said it is confident that it can supply enough oil to meet market demand this year, according to its latest Oil Market Report