Transfield targets oil and gas services as mining slumps

Newswire

* Cost pressures, falling Australian dollar spur spending delays * Transfield sees mining exploration, drill rig use plummet * Australian oil and gas business still strong BRISBANE, May 30 (Reuters) - Australia's Transfield Services is relying on more work from the oil and gas sector to help offset a sharp decline in its mining business, its chief executive Graeme Hunt said. Some of its clients had also pushed back capital spending ...

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