British oil services firm Petrofac posted a 17 percent rise in profit in 2012 and said it was confident on delivering further growth in its bottom line this year as its pipeline for new energy projects remains strong.
Oil group hit by rival Saipem but insurer climbs after £250m fundraising to help repay debt
Petrofac, the energy services group, has been hit by a surprise warning from Italian peer Saipem.
Saipem, Europe's biggest oil services group which is...
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