Petrotechnics has opened a new office in Saudi Arabia that will help the company grow its regional presence and enable it to bring its IT solutions to a wider audience.
Industry
Occidental see Q2 profits jump 17 per cent
Occidental Petroleum Corporation (OXY) announced higher quarterly profits of $1.8 billion for the Q2 of 2011, compared with US$1.1 billion for Q2 in 2010, on the back of higher crude oil prices.
FMC Technologies Q2 earnings jump 21 per cent
FMC Technologies announced that second quarter 2011 revenue hit US$1.2 billion, a rise of 21 per cent from the prior-year quarter , thanks to higher than expected demand in the North American market.
Weatherford profits surge on strong international operations
Weatherford reported strong second quarter 2011 profits of US$110mn on the back of strong growth in international markets that helped the company post record revenues for the quarter.
BG Group Q2 profit jumps on higher oil prices
BG Group reported second quarter 2011 pre-tax profits of US$2.06 billion an increase from US$1.5 billion a year ago, with the rise down to higher oil prices and increased production.
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