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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 ...
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.
PTT swoops with higher bid for Cove
Cove, whose prime asset is a 8.5 per cent stake in a large gasfield off Mozambique, confirmed on Wednesday that it had switched its recommendation to the Thai group in spite of arguing as late as Monday that shareholders should back Shell's 220p per ...
Shell warns on US natural gas bounce
Royal Dutch Shell expects US natural gas prices to double by 2015, rebounding strongly from the 10-year lows they have hit as a result of the shale gas boom as US domestic demand for the fuel grows.
Stock to Watch: British American Tobacco
This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall.
Kuwait to invest in UK oilfield
Kuwait's national oil company has committed $500m to fund the redevelopment of Britain's first producing, but now abandoned, North Sea oilfield in a deal endorsed by the UK government.
EnQuest farms out UK oil field stake to Kuwait  Business Excellence Magazine
PICC approaches 14 banks for IPO
PICC, the Chinese insurer, has told 14 banks they can work on the Hong Kong aspect of its potential $6bn share sale, but their roles - and fees - depend on their lining up a big investor before public marketing begins.
Logica sale gives UK techs that sinking feeling
Is it possible to feel nostalgic about a tech company? Perhaps it is when the company is Logica, which CGI of Canada has agreed to buy for �1.7bn in cash.
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.
Finance chief takes helm at L&G
Legal & General's near eight-month search to find a successor to Tim Breedon as chief executive concluded on Thursday when the insurer and asset manager promoted its finance director to the role.