JP Morgan upbeat on outlook for oil field services and exploration outfits
23rd May 2022 15:57
(Sharecast News) - Analysts at JP Morgan sounded an upbeat note for European Union oil field services as well as oil and exploration names.
Read morePetrofac secures $200m decommissioning contract
5th May 2022 07:43
(Sharecast News) - Petrofac has secured a $200m contract to decommission offshore fields in the Gulf of Mexico, the energy services firm said on Thursday.
Read moreBerenberg upgrades Petrofac to 'buy'
3rd May 2022 07:00
(Sharecast News) - Analysts at Berenberg upgraded oilfield services provider Petrofac from 'hold' to 'buy' on Tuesday, stating the group was now "emerging into the light".
Read morePetrofac expecting 'subdued' year as losses remain stable
23rd Mar 2022 10:09
(Sharecast News) - Petrofac reported "significant progress" on its strategic objectives in its 2021 results on Wednesday, as its net loss came in broadly the same as 2020 at just under $200m and it described a 'subdued' year ahead.
Read moreADNOC lifts suspension on Petrofac, shares surge
16th Mar 2022 14:48
(Sharecast News) - Oilfield services provider Petrofac surged on Wednesday after Abu Dhabi National Oil Company (ADNOC) lifted a suspension on the company that prevented it from competing for new contracts.
Read morePetrofac 'well-positioned' to end year as forecast
16th Dec 2021 09:55
(Sharecast News) - Petrofac reported continued strong performance in engineering and production services in a trading update on Thursday, but said Covid-19 disruption was still impacting engineering and construction project schedules and costs.
Read moreSFO confiscates £140,000 from Petrofac's former head of sales
15th Dec 2021 15:29
(Sharecast News) - Petrofac's former Head of Sales, David Lufkin, has been ordered to pay more than £140,000 after pleading guilty to 14 counts of bribery in order to influence the awarding of oil and gas contracts in Iraq, Saudi Arabia and the United Arab Emirates.
Read morePetrofac wins $96m Petronas contract
8th Nov 2021 09:17
(Sharecast News) - Petrofac said it had won a $96m contract with Malaysia's Petronas to build a new onshore gas plant in the state of Sarawak.
Read morePetrofac announces $275m capital raise to pay bribery fine
26th Oct 2021 07:57
(Sharecast News) - Oilfield services provider Petrofac announced a $275m (£199.6m) placing and open offer on Tuesday, the proceeds of which will be used to reduce debt and pay a £77m fine relating to bribery offences in the Middle East.
Read morePetrofac fined £77m for bribery offences, shares surge
4th Oct 2021 11:59
(Sharecast News) - Petrofac shares surged after the oilfield services provider said it has been fined £77m by Southwark Crown Court for seven offences of failing to prevent bribery in the Middle East between 2012 and 2015, drawing a line under the issue.
Read moreShares surge as Petrofac bribery probe nears end
27th Sep 2021 11:30
(Sharecast News) - Shares in Petrofac jumped on Monday after the oilfield services firm looked to draw a line under a bribery probe by striking a deal with the Serious Fraud Office.
Read morePetrofac secures $100m contract with Libya Oil & Gas
3rd Sep 2021 09:47
(Sharecast News) - Petrofac has secured a contract valued at more than $100m with Zallaf Libya Oil & Gas Exploration and Production Company, to deliver the Erawin Field Development Project Phase 1 early production facilities.
Read moreTuesday broker round-up
29th Jun 2021 13:04
(Sharecast News) - South32: Deutsche Bank downgrades to hold with a target price of 180p.
Read morePetrofac flags 'challenging' market conditions as Covid continues to hit home
28th Jun 2021 12:29
(Sharecast News) - Petrofac said on Monday that the Covid-19 pandemic was continuing to weigh heavily, with new orders in its core engineering and construction unit likely to remain depressed for the rest of the year as a result.
Read morePetrofac flags 'challenging' market conditions as Covid continues to hit home
28th Jun 2021 12:29
(Sharecast News) - Petrofac said on Monday that the Covid-19 pandemic was continuing to weigh heavily, with new orders in its core engineering and construction unit likely to remain depressed for the rest of the year as a result.
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