Petrofac 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.
Read morePetrofac surges on $1.5bn contract award
18th May 2023 08:24
(Sharecast News) - Petrofac surged on Thursday after it said that its joint venture with China Huanqiu Contracting & Engineering Corporation (HQC) has been awarded an engineering, procurement and construction (EPC) contract valued at around $1.5bn by STEP Polymers SPA.
Read morePetrofac losses widen amid 'legacy' portfolio challenges
27th Apr 2023 07:19
(Sharecast News) - Oilfield services company Petrofac reported a decline in revenue in its results on Thursday, to $2.59bn in 2022 from $3.04bn in the prior year.
Read morePetrofac agrees extension of banking facilities
21st Apr 2023 07:44
(Sharecast News) - Petrofac said on Friday that it has entered into an agreement to extend $252m of its banking facilities.
Read morePetrofac warns of wider full-year loss
12th Apr 2023 07:55
(Sharecast News) - Petrofac warned on Wednesday of a wider full-year loss following a review of its portfolio.
Read morePetrofac, Hitachi Energy awarded €13bn agreement by TenneT
30th Mar 2023 07:24
(Sharecast News) - Petrofac shares rocketed on Thursday after it said that it and Hitachi Energy had been awarded a €13bn framework agreement by Dutch-German electricity grid operator TenneT.
Read morePetrofac seen falling to FY underlying loss
20th Dec 2022 08:16
(Sharecast News) - Energy services company Petrofac warned on Tuesday that it expects to report a full-year underlying loss of approximately $100.0m, reflecting "adverse commercial settlements", further unrecovered cost overruns in its legacy portfolio and cost increases on the group's Thai Oil Clean Fuel joint venture.
Read morePetrofac CEO to stand down
22nd Nov 2022 08:17
(Sharecast News) - Energy services company Petrofac said on Tuesday that chief executive Sami Iskander will leave the business at the end of March 2023 in order to pursue other interests.
Read moreJP Morgan stays 'overweight' on Petrofac, says bid pipeline 'growing and accelerating'
18th Aug 2022 15:01
(Sharecast News) - Analysts at JP Morgan reiterated their 'overweight' recommendation for shares of Petrofac following a meeting with the oilfield services outfit's management during the preceding week.
Read morePetrofac narrows losses, sees order backlog growth in H2
11th Aug 2022 07:24
(Sharecast News) - Energy industry firm Petrofac narrowed losses and said it expected to grow order backlog over the full year.
Read morePetrofac consortium awarded $300m Algeria contract
4th Aug 2022 07:23
(Sharecast News) - Petrofac said on Thursday that its consortium with Genie Civil et Batiment (GCB) has been provisionally awarded an engineering, procurement and construction contract with Sonatrach for the Tinrhert EPC2 Development Project in Algeria.
Read moreEqtec inks deal with Petrofac for Billingham project
18th Jul 2022 10:26
(Sharecast News) - Hydrogen, biofuels, SNG and energy production technology company Eqtec has selected Petrofac as its front-end engineering design (FEED) contractor for its multi-technology, waste-to-energy project at Haverton Hill, Billingham, Teesside, it announced on Monday.
Read morePetrofac sees trading in line with expectations
28th Jun 2022 07:02
(Sharecast News) - Energy services company Petrofac said trading and expectations were in line with guidance, adding that its engineering and construction division was set to secure strong order intake in the second half and deliver backlog growth year on year.
Read morePetrofac shares slip as E&C unit tipped for small loss this year
26th May 2022 09:11
(Sharecast News) - Shares in Petrofac slipped on Thursday after the company said its engineering & construction operation would report a small loss this year.
Read more