Petrofac wins $350m services contract in Equatorial Guinea
18th Apr 2024 08:56
(Sharecast News) - Energy services group Petrofac has won a contract with the national oil company of Equatorial Guinea worth $350m over five years.
Read moreLondon close: Stocks mixed as data shows UK GDP growth
12th Apr 2024 14:45
(Sharecast News) - London's markets closed with a mixed performance on Friday, as investors digested the latest GDP data suggesting an end to the recession in the UK.
Read morePetrofac in talks over finances as it seeks contract guarantees
12th Apr 2024 07:24
(Sharecast News) - Petrofac said in an update on Friday that negotiations over tis finances were ongoing, as it remained in discussions with its lenders to restructure its debt, aiming for a substantial portion of the debt to be converted into equity.
Read moreDirector dealings: Petrofac chairman ups stake
5th Apr 2024 14:44
(Sharecast News) - Petrofac revealed on Friday that chairman René Médori had acquired 75,820 ordinary shares in the London-listed energy services company.
Read moreLondon close: Stocks mixed as US payrolls paint varied picture
8th Mar 2024 15:02
(Sharecast News) - London markets ended the trading session on a mixed note on Friday, as investors digested a faster-than-expected rise in non-farm payrolls in the US.
Read morePetrofac secures $200m contract with Turkemengas
8th Mar 2024 07:38
(Sharecast News) - Petrofac said on Friday that it has been awarded a three-year operations contract from Turkemengas at the Galkynysh Gas Field, in Turkmenistan.
Read morePetrofac's creditor talks continue as firm looks to strengthen balance sheet
5th Mar 2024 10:00
(Sharecast News) - Petrofac has said that work to bolster its balance sheet is ongoing as it continues to have active discussions with stakeholders and lenders for performance guarantees in order to fund ongoing work.
Read moreLondon close: Stocks rise as UK inflation slows further
20th Dec 2023 15:05
(Sharecast News) - London's stock markets saw a notable upswing on Wednesday, driven by encouraging data revealing a greater-than-anticipated slowdown in UK inflation for November.
Read morePetrofac shares surge after contract deal with TenneT
20th Dec 2023 08:15
(Sharecast News) - Shares in Petrofac surged on Wednesday after the oilfield services company said it had secured performance guarantee for the first contract awarded under its agreement with Dutch electricity company TenneT.
Read moreLondon close: Stocks finish weaker as commodities drag
4th Dec 2023 15:46
(Sharecast News) - London's equity markets closed lower on Monday as investors kept a watchful eye on upcoming US jobs data, while gold prices surged to record highs.
Read morePetrofac to fall short of FY cash targets
4th Dec 2023 09:41
(Sharecast News) - Oilfield services firm Petrofac warned on Monday that it would fall short of meeting full-year cash targets after forward payments for multiple contracts failed to be received.
Read moreBerenberg places Petrofac 'under review'
1st Dec 2023 09:38
(Sharecast News) - Analysts at Berenberg placed oil and gas business Petrofac 'under review' on Friday, stating the group was now "precariously positioned".
Read morePetrofac wins three-year contract extension with Repsol Sinopec
4th Oct 2023 09:09
(Sharecast News) - Energy services company Petrofac has scored a three-year contract extension with Repsol Sinopec Resources UK valued at more than $100m.
Read morePetrofac secures EPC contract with ADNOC Gas
3rd Oct 2023 08:05
(Sharecast News) - Energy services company Petrofac has been awarded an engineering, procurement, and construction contract by ADNOC Gas for its Habshan carbon capture, utilisation, and storage project.
Read morePetrofac reports substantial increase in backlog
27th Jun 2023 10:06
(Sharecast News) - Energy service provider Petrofac reported a substantial increase in its backlog in an update on Tuesday, as well as strong order intake and performance in line with expectations for its Asset Solutions and Integrated Energy Services (IES) divisions.
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