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Petrofac News

Tecnicas and Petrofac selected to build $4.7 bln Saudi gas project -sources
15 Sep 2015

Tecnicas and Petrofac selected to build $4.7 bln Saudi gas project -sources

DUBAI, Sept 15 (Reuters) - Spain's Tecnicas Reunidas and Britain's Petrofac have been selected for contracts worth as much as $4.7 billion to build t...

Oil servicers say "fat trimming" will become new norm
11 Sep 2015

Oil servicers say "fat trimming" will become new norm

ABERDEEN, Scotland, Sept 11 (Reuters) - A slump in oil prices is forcing the oil and gas services industry for the first time in 15 years to trim cost...

BUZZ-Oil and gas companies: crude reality
10 Sep 2015

BUZZ-Oil and gas companies: crude reality

** Oil companies and service providers fall heavily as oil prices drop below $48 per barrel ** Weak Japanese and Chinese economic data fuels concerns ...

BUZZ-Oil services: short squeeze unlikely to last
28 Aug 2015

BUZZ-Oil services: short squeeze unlikely to last

** Oil services stocks dominate top risers for the week on the Stoxx 600 after a sharp rise in crude prices, but fundamentals in the oil market still ...