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Petrofac Says Co Awarded $1.65 Bln Contracts With ADNOC
Petrofac To Provide Integrated Services In New $50 Mln Agreement
Petrofac Limited Secures $130 Mln In PDO Awards
Petrofac Limited is a service provider to the oil and gas production and processing industry. The Company designs and builds oil and gas facilities; operates, maintains and manages facilities and trains personnel; enhances production, and develops and co-invests in upstream and infrastructure projects. The Company operates through three segments: Engineering & Construction, Engineering & Production Services, and Integrated Energy Services (IES) business. The Engineering & Construction segment provides lump-sum engineering, procurement and construction project execution services to the onshore and offshore oil and gas industry. The Engineering & Production Services includes all reimbursable engineering and production services activities to the oil and gas industry. The Integrated Energy Services business is focused on delivering value from the Company's existing asset portfolio.
Non-Executive Chairman of the Board
Group Chief Executive, Executive Director
Chief Financial Officer, Executive Director
Group General Counsel
Group Managing Director, Engineering & Construction Growth – India, Asia
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Oilfield services provider Petrofac said on Tuesday it has secured two contracts worth about $1.65 billion from state-owned Abu Dhabi National Oil Company for one of the biggest gas projects in the United Arab Emirates (UAE).
Oilfield services provider Petrofac said on Tuesday its Emirati unit secured two contracts worth about $1.65 billion from Abu Dhabi National Oil Company (ADNOC).
Oilfield services provider Petrofac Ltd <PFC.L> 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.
Oilfield services provider Petrofac Ltd guided to a more than 5% fall in full-year revenue on Tuesday, with delays in bidding processes constricting order intake in its biggest segment during the second half.
(This September 19 story corrects to add dropped word "up to" in first paragraph)
Oilfield services company Petrofac Ltd said it would sell its remaining 51% interest in its Mexico operations to Perenco (Oil & Gas) International Ltd for up to $276 million.
Petrofac Ltd <PFC.L> on Wednesday reported a fall in first-half order intake and forecast lower 2020 revenue, citing uncertainty relating to an investigation into the oilfield services company's dealings in Saudi Arabia and Iraq.
Oil services group Petrofac is not aware of a formal notification it has been suspended from bidding for new contracts in Iraq, its Chief Financial Officer Alastair Cochran said on Wednesday.
Oilfield services provider Petrofac Ltd reported an 8.7% fall in first-half profit on Wednesday as fewer new orders poured in because of an ongoing probe into its contract dealings in Saudi Arabia and Iraq.
Iraq has temporarily suspended Petrofac <PFC.L> from bidding on new contracts, although existing deals are not affected, the head of an Iraqi state oil firm said on Thursday.
Oilfield services provider Petrofac lost out on $10 billion (8 billion pounds) worth of contracts globally due to a probe by Britain's Serious Fraud Office into dealings in Saudi Arabia and Iraq, its finance chief said on Tuesday.
British oilfield services provider Petrofac Ltd said on Tuesday it received new orders worth $1.7 billion so far this year, bolstered by higher exploration activity in its core growth markets.
** Shares of oil and gas company service provider Petrofac Ltd rise 2.3% at 418.5 pence
* SAYS MEMBERS VOTED FOR INDUSTRIAL ACTION ON BP PLATFORMS IN THE NORTH SEA
A Rome court has upheld a fine imposed on Petrofac CEO Ayman Asfari by Italian market watchdog Consob for alleged insider trading in Saipem shares, a spokesman for the British oil services company said on Wednesday.
Shares in British oil services firm Petrofac slumped almost 30 percent on Thursday after a former senior executive pleaded guilty to 11 counts of bribery in relation to oil deals in Iraq and Saudi Arabia.
Algerian state energy firm Sonatrach awarded a contract worth 60 billion dinars ($506 million) on Tuesday to Britain's Petrofac to boost gas output at the Tinhert field by 4.7 million cubic metre per day, Sonatrach's CEO said.
Tailwind Energy, which is financially backed by energy trader Mercuria, bought U.S. group EOG Resources' <EOG.N> British offshore oil and gas field assets, Tailwind said.
Profits at UK oilfield services provider Petrofac Ltd <PFC.L> rose 20 percent in the first half of 2018 as a recovery in global crude prices drove activity, although the company said it remained some way off being able to raise prices.
British oilfield services provider Petrofac Ltd reported a net loss in the first half compared with a year-earlier profit, hurt by a more than $200 million expense related to the sale of some oil-producing assets.
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