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Petrofac upbeat despite dip in orders backlog
Petrofac, the oil and gas services company, played down a lull in its backlog of orders by insisting it was on track to win more business and meet its ambition to double earnings in the five years to 2015.
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Petrofac, National Grid plan carbon capture plant
"The carbon dioxide captured will be transported via pipeline to St. Fergus by National Grid Carbon and then transferred offshore for geological sequestration deep under the North Sea by Petrofac subsidiary, CO2DeepStore," Seattle-based Summit Power ...
National Grid and Petrofac plan �1bn Scottish carbon capture and storage plant  Telegraph.co.uk
Scottish power plant could utilise CCS technology  The Engineer
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Oil industry struggles to contain risks
One of the main conclusions of the US government report into BP's devastating spill in the Gulf of Mexico was that other countries with strong offshore oil industries such as Britain had better regulatory systems.
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Concern on sales outlook hits Serco
Weir Group sank 4.7 per cent to �19.39 after Citigroup turned negative on the pump-maker. Citi was concerned about limited growth from Weir's oil and gas business for the next two years and that profit margins would fall back in line with Weir's peer ...
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Dignity seeks acquisitions for growth
Dignity, the funeral services business, will continue making acquisitions to provide growth as the UK's ratio of deaths to population, or death rate, declines by about 1 per cent each year.
FTSE 100 finds resistance at 6000 mark
Retailers helped London's main indices regain closing levels unreached since last summer while upbeat analysis on the long-term outlook for the FTSE 100 helped the improving mood.
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FTSE 100: Energy stocks steam ahead as large-caps flatline
Oil and gas services group, Petrofac, gained 1.4pc. But, that did not much help the benchmark index in morning trading. Persistent concerns over damp global economic growth weighed on the miners, with Vedanta Resources down 2.2pc.
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CITY DIARY: John Lewis and Waitrose staff brace for bonus cuts plus Morrisons ...
Commodities giant Glencore International will publish its full year results, while oil and gas company Petrofac will unveil its preliminary results.
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MARKET REPORT: EnQuest gushes on talk of a bid
EnQuest, which has said it aims to boost production to more than 40,000 barrels of oil equivalent a day by 2014, in January agreed to acquire a 20pc stake in the Kraken heavy oil discovery from Canamens Ltd, for �57m cash. A move which prompted broker ...
Government looks to privatise Royal Mail
KEY POINTS AUTUMN STATEMENT, 3/11/14. last reply by Alan Selwood 8 hours ago. Sweet,uncorrelated diversification. last reply by Alan Selwood 1 day ago.
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