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Saipem Cuts More Jobs As Crisis Drags On

Saipem will cut 800 more jobs across Europe in the next four years as part of a plan to cope with a prolonged market crisis that will trim revenues next year.

Petrofac Appoints New CFO

Oilfield services company Petrofac Limited has appointed Alastair Cochran as the company's new chief financial officer and executive director, succeeding Tim Weller.

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