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Petrofac Ltd (PFC.L)

PFC.L on London Stock Exchange

512.80GBp
20 Nov 2018
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Latest Key Developments (Source: Significant Developments)

Petrofac Says Got Over $110 Mln Of New Awards, Contract Extensions
Wednesday, 27 Jun 2018 04:07am EDT 

June 27 (Reuters) - Petrofac Ltd ::SECURED NEW AWARD AND A NUMBER OF CONTRACT EXTENSIONS, WITH A COMBINED VALUE OF MORE THAN US$110 MILLION.NEW AWARD, CONTRACT EXTENSIONS FOR CONSTRUCTION MANAGEMENT, ENGINEERING, OTHER SERVICES FOR INTERNATIONAL OIL CO CLIENTS IN IRAQ.  Full Article

Petrofac Secures Project Support And Engineering Services Contract With Husky Oil
Tuesday, 29 May 2018 03:49am EDT 

May 29 (Reuters) - Petrofac Ltd ::SECURES PROJECT SUPPORT AND ENGINEERING SERVICES CONTRACT WITH HUSKY OIL.THREE-YEAR CONTRACT IS IN SUPPORT OF HOCL’S LIUHUA 29-1 GAS FIELD DEVELOPMENT PROJECT LOCATED OFFSHORE AT THE PEARL RIVER MOUTH BASIN.  Full Article

Petrofac Says Awarded Services Contract By Oman Oil Company Exploration & Production
Monday, 30 Apr 2018 09:42am EDT 

April 30 (Reuters) - Petrofac Ltd ::PETROFAC LTD - AWARDED A TECHNICAL SUPPORT SERVICES CONTRACT BY OMAN OIL COMPANY EXPLORATION & PRODUCTION LLC.PETROFAC LTD - WILL PROVIDE TECHNICAL SERVICES, INCLUDING SUPPORT SERVICES, FOR OOCEP'S ABU BU TABUL GAS FACILITY AND MUSANDAM GAS PLANT IN OMAN..  Full Article

Petrofac Says Secured Further EPC Award In India
Tuesday, 3 Apr 2018 02:01am EDT 

April 3 (Reuters) - Petrofac Ltd ::SECURES FURTHER INDIA EPC AWARD.RECEIVED A LETTER OF AWARD FROM VEDANTA LIMITED FOR ITS RAAGESHWARI DEEP GAS FIELD DEVELOPMENT PROJECT LOCATED IN BARMER, RAJASTHAN, INDIA..SUM ENGINEERING, PROCUREMENT AND CONSTRUCTION (EPC) PROJECT, IS VALUED AT APPROXIMATELY US$233 MILLION.UNDER TERMS OF 23 MONTH CONTRACT, SCOPE OF WORK INCLUDES WELL PADS, FLOWLINES AND A NEW GAS PROCESSING TERMINAL..  Full Article

Petrofac Says Secured Contract With Petroleum Development Oman
Thursday, 29 Mar 2018 05:54am EDT 

March 29 (Reuters) - Petrofac Ltd ::PETROFAC LIMITED - CONTRACT.PETROFAC LTD - SECURES CONTRACT WITH PETROLEUM DEVELOPMENT OMAN.PETROFAC LTD - HAS BEEN AWARDED A CONTRACT WORTH US$265MILLION FOR DEVELOPMENT OF MARMUL POLYMER PHASE 3 (MPP3) PROJECT IN SOUTHERN OMAN.  Full Article

Petrofac Secures $580 Mln EPC Contract
Monday, 19 Mar 2018 07:23am EDT 

March 19 (Reuters) - Petrofac Ltd ::PETROFAC AWARDED US$580MILLION EPC CONTRACT.‍SPECIFIC DETAILS IN RELATION TO PROJECT REMAIN CONFIDENTIAL.‍CONTRACT WITH A GCC NATIONAL OIL COMPANY FOR ENGINEERING, PROCUREMENT AND CONSTRUCTION (EPC) OF A MAJOR PROJECT​.  Full Article

Petrofac Says Awarded EPC Contract by India's BPCL
Monday, 12 Mar 2018 03:00am EDT 

March 12 (Reuters) - Petrofac Ltd ::PETROFAC LIMITED - PETROFAC AWARDED INDIA EPC CONTRACT.PETROFAC - ‍BEEN AWARDED A LUMP-SUM ENGINEERING, PROCUREMENT AND CONSTRUCTION CONTRACT BY BHARAT PETROLEUM CORPORATION LIMITED VALUED AT ABOUT US$ 135 MILLION.​.PETROFAC LTD - ‍27-MONTH CONTRACT IS FOR ADDITION OF A NEW MOTOR SPRIT (MS) BLOCK OF REFINING UNITS​.  Full Article

Petrofac Posts FY Net Loss Of $29 Mln
Thursday, 1 Mar 2018 02:02am EST 

March 1 (Reuters) - Petrofac Ltd ::TOTAL DIVIDEND 0.38 USDPER SHARE.FINAL DIVIDEND 0.253 USDPER SHARE.FY NET LOSS -29 MILLION USD.‍NEW ORDER INTAKE OF US$5.2 BILLION; BACKLOG OF US$10.2 BILLION​ AS OF DEC. 31.‍HAS US$5.2 BILLION OF SECURED REVENUE FOR 2018​."‍TENDERING ACTIVITY REMAINS HIGH, AND WE ARE WELL POSITIONED ON SEVERAL BIDS​".‍GROUP CAPITAL EXPENDITURE IS EXPECTED TO DECREASE TO AROUND US$150 MILLION IN 2018 (2017: US$170 MILLION)​.‍BOARD HAS CONCLUDED THAT RESTRICTIONS IMPOSED ON GROUP CHIEF EXECUTIVE AYMAN ASFARI IN MAY 2017 ARE NO LONGER APPROPRIATE​.‍ASFARI WILL RESUME FULL EXECUTIVE DUTIES WITH IMMEDIATE EFFECT AND RE-JOIN NOMINATIONS COMMITTEE​.‍MARWAN CHEDID HAS ELECTED TO LEAVE BUSINESS AND CONSEQUENTLY HAS TODAY STEPPED DOWN AS GROUP CHIEF OPERATING OFFICER​.‍CHEDID WILL ACT IN AN ADVISORY CAPACITY FOR A TRANSITIONAL PERIOD TO ASSIST ON HIS SUCCESSION​.FY REVENUE OF $6.4 BILLION VERSUS $7.87 BILLION YEAR AGO.CHEDID ‍WILL REMAIN RING-FENCED FROM SFO INVESTIGATION IN HIS TEMPORARY ADVISORY ROLE​.  Full Article

Petrofac Says Awarded Follow-On Well Decommissioning Project​
Tuesday, 6 Feb 2018 04:01am EST 

Feb 6 (Reuters) - Petrofac Ltd ::‍PETROFAC AWARDED FOLLOW-ON WELL DECOMMISSIONING PROJECT​.‍APPOINTED TO PROVIDE OUTSOURCED WELL OPERATOR SERVICES ON NEXT PHASE OF TULLOW OIL'S THAMES DECOMMISSIONING PROJECT​.  Full Article

Petrofac Wins Rotating Equipment Contract With Chrysaor
Monday, 8 Jan 2018 10:13am EST 

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

Mercuria-backed Tailwind buys EOG's UK oil, gas assets

LONDON Tailwind Energy, which is financially backed by energy trader Mercuria, bought U.S. group EOG Resources' British offshore oil and gas field assets, Tailwind said.