Business & FinanceReuters News First

Petrofac plea deal in bribery investigation

04 October 2021, 5:28 pm 1 minute

Reuters was ahead by six seconds on Oct 4 with news that British oil services company Petrofac had reached a plea deal with Britain’s Serious Fraud Office in a four-year bribery investigation.

Market Impact

The news sent Petrofac shares up 25%, as the probe had weighed heavily on its ability to win contracts in the region.

Article Tags

Topics of Interest: Business & FinanceReuters News First

Type: Reuters News First

Sectors: Equities

Regions: Europe

Countries: England

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

FILE PHOTO: A pump jack operates in front of a drilling rig at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo

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