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    1. December 17, 2014

      Wood Group cuts contractor pay in response to falling oil prices

      Wood Group, one of the UK’s leading oil services companies, is to cut pay rates for North Sea contractors and freeze...

    2. December 12, 2014

      Petrofac leads London’s oil sector lower

      Stocks in London and across Europe were sharply lower on Friday as oil prices dominated global market sentiment once again,...

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      An increase in opportunities has galvanised the energy world...
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      A shift on the part of US independents, many of which have been under pressure from sh...
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    1. November 24, 2014

      Petrofac: scrappy

      Scrappy Doo, Scooby’s nephew, was some dull-witted TV executive’s idea for reinvigorating the classic cartoon. The grating...

    2. November 24, 2014

      Petrofac shares plunge 26% after warning of ‘difficult period’

      Petrofac has warned investors that a “difficult period” involving troubled North Sea projects and lower oil prices is likely...

    3. August 27, 2014

      Petrofac bounces on neutral FTSE 100

      Shares in Petrofac bounced back in early London trade on Wednesday, after the hit taken by the stock over the previous...

    4. August 26, 2014

      Petrofac keeps full-year earnings guidance despite profits fall

      Petrofac maintained its full-year earnings guidance and a commitment to match last year’s dividend despite suffering a 44...

    5. June 29, 2014

      Energy infrastructure: Yielding results

      Smart investors seek out boring stuff. Petrofac and First Reserve, a private equity firm specialising in energy, will launch...

    6. June 25, 2014

      Petrofac falls as Iraq fears mount

      Resource stocks led broad-based losses on the FTSE 100 in opening trade on Wednesday, after its recent rally looked to have...

    7. June 24, 2014

      Petrofac calms nerves with profit outlook

      Petrofac calmed investor nerves yesterday by maintaining profits guidance for the year. A warning last month sent shares in...

    8. June 23, 2014

      TBA belies its name as Blair Inc oils into new markets

      A consultant visits Tony Blair Associates to advise on new offices overseas*. Blair: What’s your thinking? Consultant:...

    9. May 11, 2014

      Petrofac: two strikes

      Profit warnings, so the adage goes, come in threes. Petrofac is two-thirds of the way there. Last week, the oil services...

    10. May 9, 2014

      Petrofac earnings warning sends shares down 15%

      Shares in Petrofac tumbled more than 15 per cent on Friday as the oil services company predicted a fall in current-year...

    11. May 9, 2014

      Uneasy calm settles over European markets

      It was an uneasy calm that settled over European equity markets on Friday as geopolitical tensions appeared less fraught and...

    12. February 26, 2014

      Petrofac welcomes softer Korean tendering

      A less cut-throat approach to pitching for business by Korean competitors is easing the market for European oil and gas...

    13. beyondbrics

      February 10, 2014

      Uganda and oil companies: everyone happy?

      Uganda’s government has been locked in a long-standing battle with companies over the development of its 3.5bn barrels of...

    14. February 10, 2014

      ‘Diversity deficit’ threatens FTSE 100 companies’ competitiveness

      Two-thirds of FTSE 100 companies still have an all-white executive leadership, according to research which warns that a...

    15. December 19, 2013

      Petrofac rallies after Fed taper decision

      Petrofac rallied strongly after the oilfield services sector was hit earlier in the week by a profit warning at French rival...

    16. December 5, 2013

      Petrofac hits two-year low on guidance fears

      When is earnings guidance price-sensitive? Petrofac investors had reason to ask the question on Thursday. The oil services...

    17. November 18, 2013

      Project delays threaten Petrofac’s five-year growth plan

      Shares in Petrofac fell by nearly a sixth on Monday, after the FTSE 100 oil services provider warned that delays on projects...

    18. November 18, 2013

      Petrofac: join the queue

      One of these days the oil services sector will stop issuing profit warnings. But not quite yet. Petrofac became the latest...

    19. September 8, 2013

      Mexico: Public hostility threatens Pemex reforms

      Plans by Mexico’s president to open up its oil and gas industry to private and foreign investment have provoked calls for...

    20. August 27, 2013

      British Airways owner hit by jet fuel climb

      British Airways owner IAG , this year’s top-performing FTSE 100 stock, led the London market lower as rising fuel costs led...

    21. August 27, 2013

      Petrofac stock regains lost ground

      Petrofac shares recovered lost ground on Tuesday after the FTSE 100 oil services company maintained guidance on profit...

    22. August 27, 2013

      Earnings fail to lift London’s FTSE 100

      Earnings news set the pace at the top and bottom of London’s equity market on Tuesday as UK investors returned from a long...

    23. August 13, 2013

      Oil majors welcome Mexico’s opening of energy sector to outsiders

      Oil companies gave a thumbs-up to Mexico’s planned energy reform, but said the government will have to offer competitive...

    24. August 1, 2013

      Petrofac shrugs off fears of contract delays

      Engineer Petrofac shrugged off talk contract delays as a broad market rally carried the FTSE 100 to a two-month high....

    25. July 10, 2013

      G4S at 22-month low as FTSE 100 dips

      G4S hit a 22-month low yesterday on growing fears of another profit warning and potential rights issue. Goldman Sachs cut...

    26. July 1, 2013

      Tullow Oil jumps ahead of trading update

      The FTSE 100 started the second half with its biggest gain in more than a month with Tullow Oil among the top gainers....

    27. July 1, 2013

      Petrofac to help Kazakhstan boost production from mature fields

      Petrofac is to help Kazakhstan’s state oil company increase production from one of its mature fields as the energy services...

    28. June 25, 2013

      Petrofac predicts no more shock updates

      Petrofac insisted it would meet both short and long-term profits targets as it played down the danger of shock updates...

    29. June 13, 2013

      Rolls-Royce lags recovery in UK stocks

      Cashflow worries led Rolls-Royce to lagg behind a recovering London market yesterday. Rolls slipped 1.9 per cent to £11.67...

    30. May 16, 2013

      Talk of North Sea exit boosts UK’s Cairn

      Talk of a North Sea exit helped Cairn Energy edge higher even as the FTSE 100 broke a ten-day winning streak. Cairn added...

    31. May 16, 2013

      Aviva shares boosted by Asian growth

      Aviva is the latest UK insurer to benefit from a move into fast-growing Asian markets, which helped its first-quarter...

    32. April 29, 2013

      Oil services: stormy seas

      There is something up – or more accurately down – in the oil services business. A sector that should be riding a wave of Big...

    33. March 27, 2013

      EnQuest set to relaunch oilfield

      North Sea oil specialist EnQuest said it was on track to relaunch production from Alma, Britain’s first producing North Sea...

    34. March 20, 2013

      Bowleven to develop Cameroon gasfield

      Bowleven, the west Africa-focused oil and gas explorer, said it was poised to push ahead with gasfield development after...

    35. March 13, 2013

      Algeria security reassures energy industry

      The queue to enter a recent British-sponsored energy conference at the Hilton in Algiers stretched across the hotel lobby,...

    36. March 12, 2013

      Petrofac rises on Kuwait and Russia hopes

      Contract hopes buoyed Petrofac as the FTSE 100 inched to a fourth straight gain. The oil services engineer rallied 4.1 per...

    37. February 27, 2013

      Petrofac dips even though profits up 17%

      Shares in Petrofac slipped sharply on Wednesday despite the UK’s leading oil services company delivering growth in annual...

    38. February 27, 2013

      Weir hits record high as FTSE recovers

      Weir Group , the FTSE 100’s most shorted stock, hit a record high as its annual results triggered a bear squeeze. The...

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