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 >>

Albania >>  2/15/2017 - Pennine Petroleum has announced that it has signed a Production Sharing Agreement ('PSA') with Albpetrol for the exploration and development of the Ve...
Norway >>  2/15/2017 - Wintershall and its license partners Capricorn, Bayerngas, Edison and DEA have selected a development solution for the Skarfjell field in the Norwegia...

France >>  2/14/2017 - Alstom, a global leader in rail transportation and The CoSMo Company, a global technology company specialized in decision management, announce a strat...
Iraq >>  2/13/2017 - Genel Energy plc has finalised documentation of previously agreed terms of Amended and Restated Production Sharing Contracts (ĎPSCís) and Gas Lifting ...

Sri Lanka >>  2/13/2017 - Sri Lanka has launched a tender to develop a gas block in the Mannar Basin off its northwest coast, vacated when Cairn India pulled out of an explorat...
Iran >>  2/9/2017 - French oil major Total plans to make a final investment decision on a $2 billion gas project in Iran by the summer, but the decision hinges on the ren...

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. - Privacy Policy.