Industry

RAK Petroleum posts Q1 profit for fourth consecutive year

Oman_production_facilityUAE-based energy investment company RAK Petroleum has posted a net profit of AED 81.3 million (US$22.1 million) for the first quarter of 2012

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Aker Solutions to expand footprint in MENA region

Aker_Solutions_comNorway-based Aker Solutions has announced that it will acquire NPS Energy from Dubai's National Petroleum Services

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FTS International forms joint venture to expand operations

FTSI_comUS-based FTS International (FTSI) has signed an agreement with Summit Technologies Company (Summit), through its affiliate Selected Arabia, for its first international joint venture

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Kuwait Energy profits hit new high

Kuwait_Energy_comKuwait Energy's 2011 profit surged by 58.9 per cent on 2010 figures as the firm posted a record net profit of US$34.8 million for 2011

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OPEC confident of meeting world oil demand

OPEC_oilThe Organisation of the Petroleum Exporting Countries (OPEC) has said it is confident that it can supply enough oil to meet market demand this year, according to its latest Oil Market Report

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