Ithaca Energy incentivises Petrofac for completion of Stella facilities
Petrofac will receive a further US$34mln depending on the timing of the FPF completion
Company
Petrofac Limited
LON:PFC
Petrofac is a leading international provider of facilities solutions to the oil & gas production and processing industry, with a diverse customer portfolio including many of the world’s leading integrated, independent and national oil & gas companies. The group delivers services through seven business units: Engineering & Construction, Engineering & Construction Ventures, Engineering Services, Offshore Engineering & Operations, Training, Production Solutions and Energy Developments.
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Commodity price drop is changing face of stock market
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A clutch of corporate announcements will greet investors on Thursday, but of course there is really only one story in town...
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The group saw strong revenue and order backlog growth, but that troublesome project in the Shetlands continues to cost it more money.
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With investors still shaken from the global sell-off on Monday, BHP Billiton and Regus throw themselves into the limelight tomorrow.
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The challenging West of Shetland gas project is due online in the coming months
Deutsche Bank takes a knife to 'Spoon's price target
The German bank has taken a stab at estimating how badly the profits of leisure firms will be hit by the new national living wage.
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FTSE100 ends higher as new Greek proposal creates optimism
FTSE100 closed out the week over 91 points higher as traders cheered latest moves in Greece.
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FTSE 100 celebrates as Greece PM decides game is up
FTSE 100 rose 98 points to 6,680 as Greece PM submitted new debt proposals.
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FTSE100 ends higher as new Greek proposal creates optimism
Investors looked to a brighter future for Greece as its PM Alexis Tsipras submitted a new austerity plan.
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Broker Spotlight – QinetiQ, BT, Telit , Stanley Gibbons ...
The recent rally in Qinetiq shares has gone too far
Investments and investor services
FTSE 100's winning streak ends as Greece remains at loggerheads with the EU
Time is running out for an agreement to be sealed before Greece has to make a massive repayment on its loan from the IMF
Broker Spotlight – Admiral, Shell, Rambler Metals...
Citi downgrades Admiral to 'sell', but remains a buyer of rivals eSure and Direct Line