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Petrofac says consortium wins $3.7-bn Abu Dhabi deal

April 11, 2013 12:26
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

April 11, 2013 08:15
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

March 5, 2013 04:00
* 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

February 27, 2013 04:15
* 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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