Edition:
United Kingdom

Petrofac Ltd (PFC.L)

PFC.L on London Stock Exchange

543.60GBp
18 Jan 2018
Change (% chg)

-4.80 (-0.88%)
Prev Close
548.40
Open
547.80
Day's High
552.60
Day's Low
536.80
Volume
1,415,115
Avg. Vol
3,136,137
52-wk High
955.00
52-wk Low
345.20

Latest Key Developments (Source: Significant Developments)

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

‍Petrofac Secures $160 Mln Award From Basra Oil
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Petrofac Ltd ::‍PETROFAC SECURES US$160 MILLION AWARD FROM BASRA OIL COMPANY​.CONTRACT FOR BASRA'S IRAQ CRUDE OIL EXPORT EXPANSION PROJECT.  Full Article

Petrofac Says Awarded Contract Worth About $800 Mln By BP
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - PETROFAC LTD ::PETROFAC AWARDED CONTRACT FOR KHAZZAN.AWARDED CONTRACT WORTH ABOUT US$800 MILLION BY BP FOR PHASE 2 CENTRAL PROCESSING FACILITY AT KHAZZAN PHASE 2 (GHAZEER) GAS DEVELOPMENT IN SULTANATE OF OMAN​.PROJECT COMPRISES ADDITION OF A THIRD GAS TRAIN WITH A CAPACITY FOR NOMINALLY HANDLING 500 MILLION STANDARD CUBIC FEET OF GAS PER DAY.  Full Article

Oman's Galfar Awarded $15 MLN Subcontract by Petrofac E&C Oman
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - GALFAR ENGINEERING AND CONTRACTING ::AWARDED SUBCONTRACT FOR EPC BUILDING WORKS PACKAGE FOR SALALAH LPG PROJECT OF SALALAH SFZCO LPG BY PETROFAC E&C OMAN FOR ABOUT $15 MILLION.COMPLETION PERIOD OF SUBCONTRACT WORK IS 17 MONTHS.  Full Article

Petrofac Says Training Services Unit To Form JV With State Oil Company Of Azerbaijan
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Petrofac Ltd ::PETROFAC- PETROFAC'S TRAINING SERVICES BUSINESS AND STATE OIL COMPANY OF REPUBLIC OF AZERBAIJAN SIGNS SHAREHOLDERS AGREEMENT TO FORM A JOINT VENTURE.‍UNDER AGREEMENT, SOCAR'S STAKE IN JOINT VENTURE HAS BEEN DETERMINED AT 51% AND PETROFAC'S AT 49%​.  Full Article

Petrofac secures $30 mln contract for Halfaya in Iraq​
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Petrofac::‍AWARDED CONTRACT OF AROUND $30 MILLION TO UNDERTAKE PROJECT MANAGEMENT CONSULTANCY SERVICES FOR HALFAYA IN SOUTHERN IRAQ​.  Full Article

Petrofac names John Pearson as chief corporate development officer, group managing director
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - PETROFAC LTD ::APPOINTED JOHN PEARSON TO NEW ROLE OF CHIEF CORPORATE DEVELOPMENT OFFICER, GROUP MANAGING DIRECTOR, WESTERN HEMISPHERE, WITH IMMEDIATE EFFECT​.PEARSON ‍WILL REPORT TO GROUP CHIEF EXECUTIVE AYMAN ASFARI​.  Full Article

Petrofac signs three-year services deal with Gazprom‍​
Monday, 9 Oct 2017 

Oct 9 (Reuters) - PETROFAC LTD ::PETROFAC SIGNS MASTER SERVICES AGREEMENT WITH GAZPROM NEFT‍​.THREE-YEAR AGREEMENT TO PROVIDE ENGINEERING SERVICES ON A CALL-OFF BASIS FOR THE GARMIAN FIELD IN THE KURDISTAN REGION OF IRAQ.  Full Article

Petrofac sees recovery in new orders, cuts capex

Oilfield services company Petrofac Ltd said on Thursday it saw a recovery in new orders as an uptick in oil prices boosted project activity, and cut its full-year capital budget for the second time.