Foster Wheeler AG recently reported net income for the second quarter of 2011 of US$63.3mn, compared with US$58.9mn, in the second quarter of 2010.
Industry
Belarussian firm withdraws from Iran
Aker Solutions posts weaker Q2 earnings
Aker Solutions second quarter consolidated revenue was US$ 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.
Iran signs US$1.5 billion deal with local consortium
Iran has signed a contract worth US$1.5 billion with a consortium of local firms to develop the third phase of the south-western Darkhovin oil field, Oil Ministry website SHANA reported.
IEA warns on impact of economic uncertainty
The International Energy Agency (IEA) warned that a double-dip recession could reduce global energy demand enough to push global oil markets into surplus next year and could see oil prices decline further.