Industry

Aker Solutions posts weaker Q2 earnings

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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.

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Iran signs US$1.5 billion deal with local consortium

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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.

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IEA warns on impact of economic uncertainty

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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.

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Dana Gas posts positive Q2 earnings

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Dana Gas posted very positive net profits for the second quarter of 2011 of US$34mn which is an increase of 276 per cent compared to the second quarter results last year.

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Taqa Q2 profits soar

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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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