Gulf Oil and Gas accountACCOUNT

Petrofac Expects Modest Growth Hit by In Amenas Delays

Source: Reuters 5/16/2013, Location: Africa

Share |
British oil services firm Petrofac said it expected modest growth in net profit this year after its books were hit by the shut down of the In Amenas gas plant in Algeria following an attack in January.

Full operations at the site are expected to restart in the second half of this year, Petrofac said in a statement on Thursday.

The company, which designs and builds oil and gas infrastructure and also invests alongside oil firms in oil fields, said it remained on track to meet its 2015 earnings target despite the setback at In Amenas.

Petrofac surprised analysts and investors this year when it declined to put a number on its growth forecast for 2013.

For more information about related Opportunities and Key Players visit Algeria Oil and Gas Projects

Development News in Algeria >>

Russia >>  6/19/2018 - AIM-listed Urals Energy, the independent exploration and production company with operations in Russia, has provided an update on its drilling operatio...
United Kingdom >>  6/19/2018 - Hague and London Oil, the oil and gas company with a diverse portfolio of production, development, appraisal and exploration assets primarily focused ...

United States >>  6/19/2018 - GATE Energy is pleased to announce that it has been selected by Shell Offshore Inc (Shell) as the provider for facility commissioning of the Vito deve...
Guyana >>  6/12/2018 - The Liza Phase 1 development continues to rapidly progress, with the commencement of development drilling offshore Guyana, ExxonMobil said. ...

Norway >>  6/12/2018 - The plan for development and operation of the Johan Castberg field in the Barents Sea was approved by the Norwegian Parliament on Monday 11 June. The...
Russia >>  6/8/2018 - Gazpromneft-Orenburg has secured the subsoil usage rights to the Novozarinskoe field in the Orenburg Oblast, with a licence for exploration and develo...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Algeria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 |

Oil & Gas Projects in Algeria >>

More News

 

Oil & Gas Companies in Algeria >>


Related Links

Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.