Key Developments: Petrofac Ltd (PFC.L)

PFC.L on London Stock Exchange

28 Aug 2014
Price Change (% chg)

-26.00p (-2.26%)
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Latest Key Developments (Source: Significant Developments)

Petrofac Ltd reaffirms FY 2014 net profit outlook and declares interim dividend
Tuesday, 26 Aug 2014 02:01am EDT 

Petrofac Ltd:Says it remains on track to deliver net profit in the range $580 to $600 million for FY 2014, in line with previous guidance.FY 2014 net income of $594 million - Thomson Reuters I/B/E/S.Declares an interim dividend of 22.00 cents per share, in line with the 2013 interim dividend.Payable on Oct. 17 to eligible shareholders on the register at Sept. 19.  Full Article

Petrofac Ltd announces change in Chairman
Friday, 22 Aug 2014 02:01am EDT 

Petrofac Ltd:Announces that Norman Murray, who has been Chairman since May 2011, has resigned from Board and will step down as Chairman with immediate effect.Says Senior Independent Director, Rijnhard van Tets, will assume role of Chairman with effect from Aug. 22.  Full Article

Petrofac Ltd awarded refinery contract in Malaysia
Wednesday, 13 Aug 2014 02:53am EDT 

Petrofac Ltd:Has been awarded an Engineering, Procurement, Construction and Commissioning (EPCC) contract by PRPC Refinery and Cracker Sdn. Bhd. subsidiary under Petroliam Nasional Berhad (PETRONAS) group, Malaysia's national oil and gas company.Says for Refinery package in PETRONAS' Refinery and Petrochemicals Integrated Development (RAPID) project in Pengerang, Johor, Malaysia.Worth more than $500 mln, competitively tendered lump-sum EPCC scope of work includes three sulphur recovery units, two amine regeneration units, two sour water stripping units, liquid sulphur storage units and sulphur solidification package unit.  Full Article

Petrofac Ltd awarded $700 mln project in Kuwait
Thursday, 10 Jul 2014 02:50am EDT 

Petrofac Ltd:Receives an award notification for Kuwait Oil Company's (KOC) gathering centre 29 (GC29) which is located about 70 km north of Kuwait City in the north of the country.Valued about $700 mln, the project will be completed over a period of about three years.Competitively tendered lump-sum greenfield scope of work includes the engineering, procurement, construction, pre-commissioning and commissioning of GC29.  Full Article

First Reserve and Petrofac Ltd sign energy infrastructure agreement for $1.25 bln
Thursday, 26 Jun 2014 08:00am EDT 

Petrofac Ltd:Enters into framework agreement with First Reserve to create PetroFirst Infrastructure Partners.Says new venture intends to deploy capital both in purchasing a number of existing assets from Petrofac's Integrated Energy Services (IES) division as well as in new energy infrastructure projects that utilise Petrofac's development capability.New venture is anticipated to be funded 80 pct by First Reserve and its investors, with Petrofac retaining the balance of ownership.Says Up to $1 bln is expected to be committed by First Reserve Energy Infrastructure Funds and its investors and Petrofac expects to contribute up to a maximum of $250 mln in the form of existing assets and cash.  Full Article

Petrofac Ltd reaffirms FY 2014 profit outlook
Tuesday, 24 Jun 2014 02:00am EDT 

Petrofac Ltd:Expects FY 2014 net profit to be in the range $580 - $600 mln.  Full Article

Petrofac Ltd updates FY 2014 net income guidance to a range below analysts' estimates - Conference Call
Friday, 9 May 2014 03:00am EDT 

Petrofac Ltd:Expects FY 2014 net profit to be around $580 million to $600 million.FY 2014 net income of $664 million - Thomson Reuters I/B/E/S.  Full Article

Petrofac and Siemens receives offshore wind contract
Tuesday, 15 Apr 2014 05:00am EDT 

Petrofac Ltd:Says in consortium with Siemens Petrofac received a contract from TenneT for BorWin3 offshore wind farm grid connection in North Sea.Petrofac will be responsible for the construction and offshore installation of the BorWin3 platform.Says BorWin3 platform will house Siemens high voltage direct current (HVDC) station that converts the alternating current produced by the wind turbines to direct current before transmitting it onshore to the German national grid.HVDC station has transmission capacity of 900 megawatts (MW).Commencement of commercial operation of Borwin3 is scheduled for 2019.  Full Article

Petrofac Ltd reaffirms FY 2014 net income guidance- Conference Call
Wednesday, 26 Feb 2014 04:30am EST 

Petrofac Ltd:Expects to deliver flat to modest growth in net profit in FY 2014.  Full Article

Petrofac Ltd's board declares dividend final dividend
Wednesday, 26 Feb 2014 02:00am EST 

Petrofac Ltd:To pay full year dividend up 3 pct to 65.80 cents per share.Final dividend of 43.80 cents (26.25 pence(3)) per share.  Full Article

UK's FTSE perked up by Petrofac

LONDON, Aug 27 - Britain's top equity index climbed to its highest closing level in nearly two months on Wednesday, with oil and gas services company Petrofac buoyed by positive broker comments.

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