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Petrofac not interested in acquiring Foster Wheeler: source

LONDON (Reuters) - British oil services group Petrofac <PFC.L> is not interested in acquiring Swiss-based engineering company Foster Wheeler <FWLT.O>, a source familiar with the UK company said on Sunday. Britain's Sunday Times reported that FTSE 100 company Petrofac had entered the race to buy Foster Wheeler, setting up a possible bid battle against Britain's Amec <AMEC.L> for the $3 billion Nasdaq-listed company. Both Foster Wheeler and Petrofac declined to comment on the Sunday Times story.

Algeria inks $668 mln gas contract with Petrofac-Bonatti

Algerian energy giant Sonatrach announced Tuesday the signature of a $668 million (486 million euro) contract with an Anglo-Italian consortium for the construction of a gas compression project in the Sahara desert. The contract was won by British oil and gas group Petrofac and Italian firm Bonatti. The project aims to maintain production levels at the Alrar Est and Ouest gas fields in the Illizi basin, where reservoir pressure is falling, and where output currently stands at 24 million cubic metres per day.

Petrofac says consortium wins $3.7-bn Abu Dhabi deal

British oil and gas group Petrofac said Thursday that its Petrofac Emirates joint venture firm has won a vast $3.7-billion (2.8-billion-euro) contract to develop a key field in Abu Dhabi. "Petrofac is pleased to announce that Petrofac Emirates, its joint venture with Mubadala Petroleum, has been awarded a contract by Zakum Development Company for the Upper Zakum, UZ750 field development in Abu Dhabi," said a statement from the London-listed firm.

Petrofac JV wins $2.9 billion share of Abu Dhabi contract

LONDON (Reuters) - British oil services firm Petrofac <PFC.L> said on Thursday its joint venture with Mubadala Petroleum won a $2.9 billion (1.8 billion pounds) share of a contract to build facilities on an oil field in Abu Dhabi, lifting its shares. Petrofac's investors have been impatient to see it win new contracts after the company caused concerns in February by deviating from a usual practice of providing a specific annual profit targets.

UPDATE 1-Wood Group earnings rise as oil & gas firms spend more

* FY EBITA $461 mln stg vs $342 mln yr ago * Sees growth in all divisions in 2013 * Oman 2012 loss $20 mln, at top end of guidance LONDON, March 5 (Reuters) - British energy services company John Wood Group posted a 35 percent jump in profits on Tuesday thanks to an increase in spending from oil and gas companies, which it said is set to continue this year.

UPDATE 2-Petrofac unsettles investors with vague 2013 guidance

* FY net profit up 17 pct to $632 mln vs $636 mln forecast * Company guides for "good growth" in 2013 * Analysts disappointed by lack of quantitative target * Shares down 3.3 pct By Sarah Young LONDON, Feb 27 (Reuters) - British oil services firm Petrofac just missed 2012 profit forecasts and failed to give a specific target for this year, spooking investors already unnerved by a rivals' shock profit warning.
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