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Petrofac Facilities Management Asia Pacific Sdn Bhd (Petrofac), part of the Petrofac Group, has been awarded a US$220 million contract by PETRONAS Carigali Sdn Bhd, a subsidiary of PETRONAS, the Malaysian national oil company, for the refurbishment ...
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IEA warns on shale gas rules
The shale gas revolution risks being limited or even halted unless the industry agrees to tougher environmental rules and becomes much more transparent about its operations, the International Energy Agency warns on Tuesday.
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Risk and reward: The world's most dangerous business locations
Convenience is not a priority when it comes to commodities. Drilling and exploration often takes place in war-torn, risky environments and none more so than Somalia.
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Activists intervene in Shell lawsuit
The UK government is facing pressure from human rights activists about why it has chosen to intervene in a US court case connected to oil major Royal Dutch Shell.
Newspaper and magazine share tips
Each day we round up the share recommendations from national newspapers and the weekly investment magazines So far this week: Lamprell, Cineworld, SSE, Travis Perkins, Petrofac and Rank Group. Bundle of newspapers ...
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Sale of Eni's stake in Snam in pipeline
Eni has announced details of its plans to sell its entire 52.5 per cent stake in gas network operator Snam, which is expected to raise up to �6.5bn in cash and offload debt of �11.5bn.
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Rising costs cut Petrobras profits
Petrobras, Brazil's state-run oil company, posted a 16 per cent drop in net income for the first quarter after government policies to protect domestic consumers eroded profits.
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Crombie pupils raise �2700 for Gastrocan
The children and teachers who took part and Jamie Bell (in the middle from left, t-shirt, Lauren Bell, and Dr Russell Petty). 15:48 Monday 21 May 2012.
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Is it time for investors to look to Burma?
"Burma is open for business once more" has been the cry that has gone up from many on hearing the news that EU sanctions are to be suspended on the military-dominated state.
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Centrica shareholders revolt against executive pay
Petrofac, meanwhile, saw 20pc vote against its new �value creation plan�. The "Shareholder Spring" of increased investor activism has seen outright rejection of pay policies at three companies, including insurer Aviva.
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