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Petrofac Ltd (PFC.L)

PFC.L on London Stock Exchange

494.08GBp
19 Mar 2019
Change (% chg)

6.48 (+1.33%)
Prev Close
487.60
Open
490.00
Day's High
496.20
Day's Low
487.80
Volume
330,399
Avg. Vol
1,834,453
52-wk High
679.00
52-wk Low
376.40

Latest Key Developments (Source: Significant Developments)

Petrofac Awarded $1 Bln EPC Project In Algeria
Wednesday, 13 Mar 2019 

March 13 (Reuters) - Petrofac Ltd ::PETROFAC LIMITED - PETROFAC AWARDED US$1BN EPC PROJECT IN ALGERIA.PETROFAC - UNDER TERMS OF 42-MONTH CONTRACT, LUMP-SUM EPC PROJECT SCOPE OF WORK INCLUDES COMMISSIONING, START-UP AND PERFORMANCE TESTING.PETROFAC - AWARDED CONTRACT WITH GROUPMENT ISARENE, JOINT OPERATING GROUP SET UP BY SONATRACH, PETROCELTIC, ENEL, FOR AIN TSILA DEVELOPMENT PROJECT.  Full Article

Petrofac FY Reported Rev, Business Performance Net Profit Falls
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Petrofac Ltd ::FY BUSINESS PERFORMANCE NET PROFIT DOWN 2% TO US$353 MILLION.FY REPORTED NET PROFIT OF US$64 MILLION POST IMPAIRMENTS AND EXCEPTIONAL ITEMS.FY NEW ORDER INTAKE OF US$5.0 BILLION; BACKLOG OF US$9.6 BILLION AT 31 DECEMBER 2018.FULL YEAR DIVIDEND OF 38.0 CENTS PER SHARE.WELL-POSITIONED FOR 2019 WITH GOOD REVENUE VISIBILITY.THERE IS A HIGHER DEGREE OF UNCERTAINTY IN LEVEL OF AWARDS IN NEAR-TERM.FRANCESCA DI CARLO WILL BE APPOINTED AS A NON-EXECUTIVE DIRECTOR WITH EFFECT FROM ANNUAL GENERAL MEETING ON 3 MAY 2019.FY REPORTED REVENUE OF $5,829 MILLION VERSUS $ 6,395 MILLION AS REPORTED LAST YEAR.FY BUSINESS PERFORMANCE EBITDA OF $671 MILLION VERSUS $748 MILLION LAST YEAR.REITERATE THAT NO CHARGES HAVE BEEN BROUGHT AGAINST PETROFAC OR ANY OTHER OFFICERS OR EMPLOYEES IN SFO INVESTIGATION.PETROFAC WILL CONTINUE TO ENGAGE WITH SFO AND WILL RESPOND TO ANY FURTHER DEVELOPMENTS AS APPROPRIATE.ARE REVIEWING OPTIONS FOR OUR REMAINING NON-CORE ASSETS, CONSISTENT WITH OUR STRATEGY TO ENHANCE RETURNS.WELL-POSITIONED FOR 2019 WITH GOOD REVENUE VISIBILITY.THERE IS A HIGHER DEGREE OF UNCERTAINTY IN LEVEL OF AWARDS IN NEAR-TERM.  Full Article

Petrofac Wins Contract Worth Up To $95 Mln From Siccar Point Energy
Monday, 11 Feb 2019 

Feb 11 (Reuters) - Petrofac Ltd ::PETROFAC SECURES UK WELL SERVICES AGREEMENT.PETROFAC LTD - THREE-YEAR AGREEMENT, WHICH INCLUDES OPTIONS TO EXTEND, IS ESTIMATED TO BE WORTH UP TO US$95 MILLION OVER TERM..PETROFAC LTD - UNDER TERMS, PETROFAC WILL BE RESPONSIBLE FOR ALL NEW WELL WORK AND ONGOING INTEGRITY MANAGEMENT OF EXISTING WELL STOCK.PETROFAC - CONTRACT INCLUDES PROVISION OF WELL OPERATOR AND WELL ENGINEERING PROJECT MANAGEMENT SERVICES.PETROFAC LTD - ANNOUNCES AWARD OF A CONTRACT FROM INDEPENDENT EXPLORATION AND PRODUCTION COMPANY SICCAR POINT ENERGY.  Full Article

Petrofac Secures Engineering Design Services Contract In Brunei
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - Petrofac Ltd ::PETROFAC SECURES ENGINEERING DESIGN SERVICES CONTRACT IN BRUNEI.DEAL TO PROVIDE ENGINEERING ACROSS ALL PHASES OF ASSET LIFECYCLE FOR ENTIRE PORTFOLIO OF ONSHORE & OFFSHORE ASSETS FOR BSP & BLNG.CO & PARTNER SERIKANDI OILFIELD & SERVICES SDN BHD, SECURED MULTI-ANNUAL ENGINEERING DESIGN SERVICES CONTRACT.WON CONTRACT TO SUPPORT BRUNEI SHELL PETROLEUM (BSP) AND BRUNEI LNG (BLNG) IN BRUNEI.  Full Article

Petrofac With Construction And Commissioning Contract With Ithaca Energy
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - Petrofac Ltd ::PETROFAC - SECURED CONSTRUCTION AND COMMISSIONING CONTRACT WITH ITHACA ENERGY (UK) VALUED IN REGION OF $10 MILLION.PETROFAC LTD - RESPONSIBLE FOR TOPSIDES CONSTRUCTION, COMMISSIONING WORKS TO BE UNDERTAKEN ON ITHACA-OPERATED FPF-1 FLOATING PRODUCTION FACILITY.PETROFAC LTD - CONTRACT RELATED TO TIEBACK OF BP-OPERATED VORLICH FIELD SUBSEA DEVELOPMENT IN CENTRAL NORTH SEA.PETROFAC LTD - ITHACA CONSTRUCTION AND COMMISSIONING CONTRACT DUE TO COMMENCE IN JANUARY 2019 AND COMPLETE IN 2020.  Full Article

Petrofac Wins $115 Mln Contract With Petroleum Development Oman
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Petrofac Ltd ::SECURES CONTRACT WITH PETROLEUM DEVELOPMENT OMAN.HAS BEEN AWARDED A CONTRACT WORTH AROUND US$115 MILLION FOR THE DEVELOPMENT OF THE QARN ALAM CO-GENERATION PROJECT.  Full Article

Petrofac Appoints Tarek Massoud Chief Compliance Officer
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Petrofac Ltd ::HAS APPOINTED TAREK MASSOUD TO THE NEWLY-CREATED ROLE OF CHIEF COMPLIANCE OFFICER.  Full Article

Petrofac Limited Completes Of Sale Of Interest In GSA Development
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Petrofac Ltd ::COMPLETION OF SALE OF INTEREST IN GSA DEVELOPMENT.  Full Article

Petrofac Signs Contract With Trans Adriatic Pipeline
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Petrofac Ltd ::PETROFAC LTD - SECURES OPERATIONS AND MAINTENANCE SUPPORT SERVICES CONTRACT WITH TAP.PETROFAC LTD - HAS SECURED AN OPERATIONS AND MAINTENANCE SUPPORT SERVICES CONTRACT WITH TRANS ADRIATIC PIPELINE (TAP) AG.PETROFAC- 13 MONTH CONTRACT IS IN SUPPORT OF DEVELOPMENT, OPERATION OF THE TAP NATURAL GAS PIPELINE, WHICH WILL BRING CASPIAN NATURAL GAS TO EUROPE.PETROFAC LTD - PETROFAC’S TEAM WILL BE CO-LOCATED WITH THE TAP PROJECT TEAM AT THEIR HEADQUARTERS IN BAAR, SWITZERLAND.  Full Article

Petrofac Awarded North Sea Contract Extension By TAQA
Monday, 3 Dec 2018 

Dec 3 (Reuters) - Petrofac Ltd ::PETROFAC - PETROFAC’S ENGINEERING, PRODUCTION SERVICES BUSINESS SECURES CONDITION MONITORING CONTRACT RENEWAL FROM UK'S TAQA.  Full Article

UPDATE 2-FTSE 100 ends flat as another key Brexit vote looms

* Avast drops after earnings miss, CEO leaves (Adds company news items, updates to closing prices)