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India

Petrofac Ltd (PFC.L)

PFC.L on London Stock Exchange

576.00GBp
23 May 2018
Change (% chg)

-25.00 (-4.16%)
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601.00
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Latest Key Developments (Source: Significant Developments)

Petrofac Says Awarded Services Contract By Oman Oil Company Exploration & Production
Monday, 30 Apr 2018 

April 30 (Reuters) - Petrofac Ltd ::PETROFAC LTD - AWARDED A TECHNICAL SUPPORT SERVICES CONTRACT BY OMAN OIL COMPANY EXPLORATION & PRODUCTION LLC.PETROFAC LTD - WILL PROVIDE TECHNICAL SERVICES, INCLUDING SUPPORT SERVICES, FOR OOCEP'S ABU BU TABUL GAS FACILITY AND MUSANDAM GAS PLANT IN OMAN..  Full Article

Petrofac Says Secured Further EPC Award In India
Tuesday, 3 Apr 2018 

April 3 (Reuters) - Petrofac Ltd ::SECURES FURTHER INDIA EPC AWARD.RECEIVED A LETTER OF AWARD FROM VEDANTA LIMITED FOR ITS RAAGESHWARI DEEP GAS FIELD DEVELOPMENT PROJECT LOCATED IN BARMER, RAJASTHAN, INDIA..SUM ENGINEERING, PROCUREMENT AND CONSTRUCTION (EPC) PROJECT, IS VALUED AT APPROXIMATELY US$233 MILLION.UNDER TERMS OF 23 MONTH CONTRACT, SCOPE OF WORK INCLUDES WELL PADS, FLOWLINES AND A NEW GAS PROCESSING TERMINAL..  Full Article

Petrofac Says Secured Contract With Petroleum Development Oman
Thursday, 29 Mar 2018 

March 29 (Reuters) - Petrofac Ltd ::PETROFAC LIMITED - CONTRACT.PETROFAC LTD - SECURES CONTRACT WITH PETROLEUM DEVELOPMENT OMAN.PETROFAC LTD - HAS BEEN AWARDED A CONTRACT WORTH US$265MILLION FOR DEVELOPMENT OF MARMUL POLYMER PHASE 3 (MPP3) PROJECT IN SOUTHERN OMAN.  Full Article

Petrofac Secures $580 Mln EPC Contract
Monday, 19 Mar 2018 

March 19 (Reuters) - Petrofac Ltd ::PETROFAC AWARDED US$580MILLION EPC CONTRACT.‍SPECIFIC DETAILS IN RELATION TO PROJECT REMAIN CONFIDENTIAL.‍CONTRACT WITH A GCC NATIONAL OIL COMPANY FOR ENGINEERING, PROCUREMENT AND CONSTRUCTION (EPC) OF A MAJOR PROJECT​.  Full Article

Petrofac Says Awarded EPC Contract by India's BPCL
Monday, 12 Mar 2018 

March 12 (Reuters) - Petrofac Ltd ::PETROFAC LIMITED - PETROFAC AWARDED INDIA EPC CONTRACT.PETROFAC - ‍BEEN AWARDED A LUMP-SUM ENGINEERING, PROCUREMENT AND CONSTRUCTION CONTRACT BY BHARAT PETROLEUM CORPORATION LIMITED VALUED AT ABOUT US$ 135 MILLION.​.PETROFAC LTD - ‍27-MONTH CONTRACT IS FOR ADDITION OF A NEW MOTOR SPRIT (MS) BLOCK OF REFINING UNITS​.  Full Article

Petrofac Posts FY Net Loss Of $29 Mln
Thursday, 1 Mar 2018 

March 1 (Reuters) - Petrofac Ltd ::TOTAL DIVIDEND 0.38 USDPER SHARE.FINAL DIVIDEND 0.253 USDPER SHARE.FY NET LOSS -29 MILLION USD.‍NEW ORDER INTAKE OF US$5.2 BILLION; BACKLOG OF US$10.2 BILLION​ AS OF DEC. 31.‍HAS US$5.2 BILLION OF SECURED REVENUE FOR 2018​."‍TENDERING ACTIVITY REMAINS HIGH, AND WE ARE WELL POSITIONED ON SEVERAL BIDS​".‍GROUP CAPITAL EXPENDITURE IS EXPECTED TO DECREASE TO AROUND US$150 MILLION IN 2018 (2017: US$170 MILLION)​.‍BOARD HAS CONCLUDED THAT RESTRICTIONS IMPOSED ON GROUP CHIEF EXECUTIVE AYMAN ASFARI IN MAY 2017 ARE NO LONGER APPROPRIATE​.‍ASFARI WILL RESUME FULL EXECUTIVE DUTIES WITH IMMEDIATE EFFECT AND RE-JOIN NOMINATIONS COMMITTEE​.‍MARWAN CHEDID HAS ELECTED TO LEAVE BUSINESS AND CONSEQUENTLY HAS TODAY STEPPED DOWN AS GROUP CHIEF OPERATING OFFICER​.‍CHEDID WILL ACT IN AN ADVISORY CAPACITY FOR A TRANSITIONAL PERIOD TO ASSIST ON HIS SUCCESSION​.FY REVENUE OF $6.4 BILLION VERSUS $7.87 BILLION YEAR AGO.CHEDID ‍WILL REMAIN RING-FENCED FROM SFO INVESTIGATION IN HIS TEMPORARY ADVISORY ROLE​.  Full Article

Petrofac Says Awarded Follow-On Well Decommissioning Project​
Tuesday, 6 Feb 2018 

Feb 6 (Reuters) - Petrofac Ltd ::‍PETROFAC AWARDED FOLLOW-ON WELL DECOMMISSIONING PROJECT​.‍APPOINTED TO PROVIDE OUTSOURCED WELL OPERATOR SERVICES ON NEXT PHASE OF TULLOW OIL'S THAMES DECOMMISSIONING PROJECT​.  Full Article

Petrofac Wins Rotating Equipment Contract With Chrysaor
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Petrofac Ltd ::PETROFAC LTD - HAS BEEN AWARDED A ROTATING EQUIPMENT MANAGEMENT SERVICES CONTRACT IN SUPPORT OF CHRYSAOR’S OPERATIONS IN THE UKCS.PETROFAC LTD - UNDER THE 12-MONTH AGREEMENT, WILL PROVIDE SERVICES ACROSS CHRYSAOR’S ARMADA, NORTH EVEREST AND LOMOND ASSETS IN THE NORTH SEA.  Full Article

Petrofac Says ‍Chairman Rijnhard Van Tets Notifies Intention To Step Down
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Petrofac Ltd ::CHAIRMAN RIJNHARD VAN TETS NOTIFIED BOARD OF INTENTION TO STEP DOWN FROM BOARD AT MAY 2018 AGM AFTER AN 11-YEAR TENURE​.‍CHAIRMAN RIJNHARD VAN TETS WILL BE SUCCEEDED UPON HIS DEPARTURE BY CURRENT SENIOR INDEPENDENT DIRECTOR RENÉ MÉDORI​.  Full Article

Petrofac Says Trading Is In line With Expectations
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - PETROFAC LTD ::‍TRADING IN LINE WITH EXPECTATIONS​.‍US$5.2 BILLION IN NEW ORDER INTAKE YEAR TO DATE​.‍NET DEBT IS FORECAST TO BE AROUND US$850 MILLION AT 31 DECEMBER 2017 IN LINE WITH EXPECTATIONS​.‍GROUP FY CAPITAL EXPENDITURE IS EXPECTED TO BE LOWER THAN PREVIOUS GUIDANCE AT AROUND US$175 MILLION​.‍BACKLOG (1) , EXCLUDING IES, STOOD AT US$10.3 BILLION AT 30 NOVEMBER 2017​.  Full Article

UK's Petrofac awarded more than $1.7 bln new orders this year

May 18 Oilfield service firm Petrofac Ltd , which is being investigated by Britain's Serious Fraud Office (SFO), said it was awarded more than $1.7 billion of new orders so far this year as tendering activity remained high.