Industry

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.

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.

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.

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.