Petrofac secures $350m contract with Equatorial Guinea’s national oil company
Oil and gas service provider Petrofac (LON:PFC) has secured a $350 million contract with the national oil company of Equatorial Guinea.
Oil and gas service provider Petrofac (LON:PFC) has secured a $350 million contract with the national oil company of Equatorial Guinea.
Oil and gas service provider Petrofac's (LON:PFC) efforts to restructure its debt could lead to a significant dilution for shareholders, according to an analyst.
BP (LON: BP) has awarded a contract extension to global energy industry services provider Petrofac (LON: PFC) to continue supporting its North Sea portfolio.
Share prices have taken a nose dive as Petrofac has shared an update on how it aims to shift its debt as stakeholders are sent "running for the hills."
Energy services giant Petrofac (LON:PFC) has secured a contract extension in the Southern North Sea with ONEgas West.
"The paucity of actual detail will frustrate investors at the lack of concrete progress," said one analyst.
Chedid and Salibi are due to appear in Westminster Magistrates’ Court on February 19, 2024 to hear the charges.
Safety regulators have put Petrofac on notice after it found poor assessments left offshore workers on the Kittiwake platform at risk of exposure to hazardous fumes.
Petrofac is considering sales on non-core parts of the business as part of its bid to improve cash flow.
Group will report $180m loss for 2023, despite positive news today on a $1.4bn TenneT contract win.
The three-year deal continues a strong run of orders for Petrofac in 2023, however the company still faces a range of financial pressures.
Credit ratings agency Fitch has downgraded its assessment of North Sea operator Petrofac (LON: PFC) to a 'B-' in the latest sign of financial trouble at the firm.
Administrators appointed by IOG have identified 28 creditors owed money by the troubled North Sea oil and gas firm
Energy services giant is considering sale of “non core assets” as part of bid to improve cash flow.
A strong activity pipeline is recovering headcount numbers after a cull during Covid.
Italian oilfield services firm Saipem (BIT: SPM) has awarded Petrofac a new multi-million-pound deal to support the decommissioning of a platform in the UK sector of the North Sea.
The union representing around 85 offshore workers employed by Petrofac (LON: PFC) has announced an end to a pay dispute centred on 'clawback' entitlements.
Petrofac (LON: PFC) has been awarded a three-year contract extension with Repsol Sinopec Resources UK worth more than $100m.
ADNOC Gas has awarded Petrofac a contract for engineering and construction of one of the region’s largest carbon capture, utilisation and storage (CCUS) schemes.
Around 85 Petrofac (LON: PFC) workers will strike for six days after rejecting a pay deal the union claimed would amount to a £6,000 pay cut.
Petrofac workers stationed on the EnQuest-operated Kittiwake platform are to be balloted for strike action in a dispute over pay and so-called ‘clawback’ policies.
Petrofac’s (LON: PFC) order backlog has nearly doubled in recent months after its “strongest period for new awards in many years”.
Scores of North Sea workers employed by Petrofac (LON: PFC) are to down tools later this month as part of a dispute over jobs, pay and conditions.
The initial contract will run for three years. Petrofac did not disclose the value of the contract, beyond describing it as “multi-million pound”.
Dozens of Petrofac (LON: PFC) offshore workers onboard Ithaca Energy (LON: ITH) platforms are to ballot on strike action.