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 >>

Qatar >>  10/14/2018 - Qatar Petroleum announced that it will manage and operate the Idd El-Shargi North Dome (ISND) field following the expiry of the Development & Producti...
Libya >>  10/13/2018 - Sirte Oil Company (SOC), responsible for the exploration and production of oil and gas, has resumed development drilling activity in the Sahl field at...

Uzbekistan >>  10/11/2018 - As part of the preparations for the official visit of the President of the Republic of Uzbekistan to France, Bahrom Ashrafkhanov, Acting Chairman of t...
Uzbekistan >>  10/11/2018 - Uzbekneftegaz JSC has signed the Cooperation Agreement with ONGC Videsh Limited, a subsidiary of India’s major Oil and Natural Gas Corporation (ONGC)....

Russia >>  10/8/2018 - President of LUKOIL Vagit Alekperov and Chairman of Severstal's Board of Directors Aleksey Mordashov had a meeting in Moscow today to discuss directio...
Algeria >>  10/7/2018 - Sonatrach and Total have signed two agreements as part of the comprehensive partnership announced in 2017: ...

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.