Industry

Taqa Q2 profits soar

Carl-Sheldon

Abu Dhabi National Energy Company PJSC (Taqa), posted strong second quarter 2011 results of US$118.42mn on the back of higher oil prices.

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41 firms have been selected for Iraq’s next bidding round

oil-field

The Iraqi oil ministry has named the 41 international companies that have been selected to compete for 12 exploration blocks in the next bidding round which is scheduled to take place in January 2012.

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L&T wins UAE orders worth US$639mn

LT_UAE

Larsen & Toubro Limited (L&T) has been awarded two major pipeline orders in the UAE valued at US$639mn.

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Qatar Navigation awarded US$520mn QP contract

Qatar_Navigation_QP

Qatar Navigation Q.S.C. fully-owned subsidiary, Qatar Shipping Co., has been awarded a US$520mn contract by Qatar Petroleum.

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Fluor posts strong Q2 results

David-Seaton

Fluor Corporation's net earnings for the second quarter rose to US$165mn compared with $157mn in Q2 of 2010, while revenues rose 17 per cent to US$6 billion, up from $5.2 billion in the second quarter of 2010.

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