Petrofac says bidding process delays hurt new orders; shares fall

(Reuters) - Oilfield services provider Petrofac Ltd said on Tuesday it expected a more than 5% fall in full-year revenue, as delays in bidding processes hit new orders for its engineering and construction segment during the second half of 2019.Shares of Petrofac and its peer Hunting Plc were among the worst performers on the UK midcap index index by 0818 GMT, with both recording losses of 4%.The UK-based company, which designs, builds and operates oil and gas facilities, said revenue for the..