Edition:
United Kingdom

Petrofac Ltd (PFC.L)

PFC.L on London Stock Exchange

549.40GBp
4:54pm BST
Change (% chg)

-2.60 (-0.47%)
Prev Close
552.00
Open
547.40
Day's High
551.00
Day's Low
540.40
Volume
1,300,485
Avg. Vol
2,951,869
52-wk High
660.46
52-wk Low
395.10

Latest Key Developments (Source: Significant Developments)

Petrofac Says Making Good Progress On Delivering Organic Growth In 2018
Friday, 18 May 2018 

May 18 (Reuters) - Petrofac Ltd ::PETROFAC - CONTINUE TO MAKE GOOD PROGRESS IN 2018 DELIVERING STRATEGY OF FOCUSING ON CORE BUSINESS, DELIVERING ORGANIC GROWTH AND REDUCING CAPITAL INTENSITY.PETROFAC LTD - TENDERING ACTIVITY REMAINS HIGH AND GROUP HAS BEEN AWARDED MORE THAN US$1.7 BILLION OF NEW ORDERS IN YEAR TO DATE.PETROFAC LTD - CONTINUE TO RETAIN STRONG LIQUIDITY.  Full Article

Petrofac Sells Jsd6000 Project To Shanghai Zhenhua Heavy Industries
Tuesday, 24 Apr 2018 

April 24 (Reuters) - PETROFAC LTD ::PETROFAC SELLS JSD6000 PROJECT TO ZPMC.PETROFAC INTERNATIONAL (UAE) LLC HAS SIGNED AN AGREEMENT TO SELL JSD6000 PROJECT TO SHANGHAI ZHENHUA HEAVY INDUSTRIES CO LTD (ZPMC).TRANSACTION COMPRISES SALE OF ALL JSD6000 RELATED ASSETS HELD BY PETROFAC.DEAL FOR A GROSS CONSIDERATION OF US$190 MILLION AND A 10% INTEREST IN A NEW SPECIAL PURPOSE VEHICLE SET UP TO OWN VESSEL ONCE COMMISSIONED.PETROFAC WILL NOT CONTRIBUTE TO COST OF CONSTRUCTION, COMMISSIONING OR TESTING OF VESSEL.  Full Article

Al Hassan Engineering Signs Contract With Petrofac For Salalah LPG Project
Monday, 26 Mar 2018 

March 26 (Reuters) - AL HASSAN ENGINEERING CO ::SIGNS LETTER OF AWARD FROM PETROFAC FOR CIVIL, MECHANICAL, ELECTRICAL & INSTRUMENTATION WORKS OF SALALAH LPG PROJECT PACKAGE 2 FOR ABOUT $35 MILLION.PROJECT PERIOD WILL BE OF ABOUT 22 MONTHS STARTING FROM MARCH 25, CO EXPECTS REASONABLE INCOME FROM PROJECT.  Full Article

Petrofac Updates On Investigation By UK Serious Fraud Office​
Monday, 5 Feb 2018 

Feb 5 (Reuters) - Petrofac Ltd ::‍AN UPDATE ON INVESTIGATION INTO COMPANY BY UK SERIOUS FRAUD OFFICE​.‍COMPANY CONTINUES TO ENGAGE WITH SFO​.‍ENGAGEMENT HAS INVOLVED AND IS EXPECTED TO CONTINUE TO INVOLVE INTERVIEW OF DIRECTORS OF CO, INCLUDING CHAIRMAN, EXECUTIVE DIRECTORS,NON-EXECUTIVE DIRECTORS​.‍SFO ENGAGEMENT WITH DIRECTORS AND EMPLOYEES, EITHER UNDER SECTION 2 OF CRIMINAL JUSTICE ACT OR UNDER CAUTION​.  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

‍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

Oil stocks help FTSE 100 outperform European peers amid trade tensions

LONDON, June 18 Britain's top stock index fell on Monday as trade tensions between the United States and China kept the pressure on equity markets across Europe.