ADNOC cancels $1.65bn Petrofac contracts
16th Apr 2020 08:17
(Sharecast News) - UK oilfield services company Petrofac said the Abu Dhabi National Oil Company had cancelled two contracts for the Dalma Gas Development Project worth $1.65bn only two months after they were awarded.
Read morePetrofac pulls dividend and guidance, cuts personnel by 20%
6th Apr 2020 07:54
(Sharecast News) - Petrofac pulled its final dividend and withdrew its guidance on Monday as it said it was cutting its personnel by 20% and furloughing staff due to the coronavirus pandemic.
Read moreFTSE 250 movers: Hopes of Russian-Saudi detente boosts oilers
2nd Apr 2020 14:54
(Sharecast News) - Crude oil futures rallied amid hopes for a Russia-Saudi detente in their oil price war, helping to keep losses on London's second-tier index in check.
Read moreFriday broker round-up
20th Mar 2020 13:28
(Sharecast News) - Bunzl: Credit Suisse downgrades to underperform with a target price of 1,195p.
Read moreFTSE 250 movers: Travel and oil related issues pace declines
5th Mar 2020 16:03
(Sharecast News) - The Chinese coronavirus continued to be the common denominator behind share price movements on the second-tier index on Thursday, although there were some other factors at play, including Russia's reticence thus far to contribute to another reduction in OPEC+ oil production.
Read moreWednesday broker round-up
26th Feb 2020 12:48
(Sharecast News) - Associated British Foods: Berenberg downgrades to hold with a target price of 2,700p.
Read moreBerenberg raises target price on 'extremely attractive' Petrofac
26th Feb 2020 11:25
(Sharecast News) - Analysts at Berenberg slightly raised their price target on Petrofac's shares from 420.0p to 440.0p on Wednesday, stating the oilfield services group's bid pipeline had it back on track for growth.
Read morePetrofac reports 'solid' performance ahead of transitional year
25th Feb 2020 08:00
(Sharecast News) - Petrofac reported "solid" operational performance in all of its businesses in its full-year results on Tuesday, even as its said its business performance net profit fell 22% to $276m (?213.1m).
Read moreTuesday preview: Coronavirus, Petrofac in focus
24th Feb 2020 15:25
(Sharecast News) - Financial markets' focus on Tuesday will continue to be on the COVID-2019 coronavirus, both in China and abroad.
Read morePetrofac awarded $1.65bn of work in the Emirates
18th Feb 2020 09:59
(Sharecast News) - Petrofac announced on Tuesday that Petrofac Emirates has been awarded two contracts, together worth around $1.65bn (£1.27bn), with Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates.
Read morePetrofac inks supplier agreement with SSE for Seagreen wind farm project
16th Jan 2020 08:46
(Sharecast News) - Oil and gas industry service provider Petrofac has been tapped by SSE Renewables to design, supply and install HVAC onshore and offshore substations for the Seagreen wind farm project.
Read morePetrofac awarded $130m scope of work in Oman
31st Dec 2019 10:30
(Sharecast News) - Petrofac announced a new contract and the award of an additional scope of work with Petroleum Development Oman (PDO) on Tuesday, with a combined value of around $130m.
Read moreThursday broker round-up
19th Dec 2019 12:34
(Sharecast News) - Capita Group: Deutsche Bank downgrades to sell with a target price of 155p.
Read moreBerenberg slashes target price for Petrofac on weak order intake
18th Dec 2019 13:46
(Sharecast News) - Analysts at Berenberg slashed their target price for oilfield services firm Petrofac's shares due to a weak order pipeline going into 2020 that was seen weighing on the company's revenues and margins.
Read moreWednesday broker round-up
18th Dec 2019 13:25
(Sharecast News) - Cairn Energy: Morgan Stanley upgrades to overweight with a target price of 246p.
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