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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How have Petrofac's struggles with strikes and legacy issues affected last months of CEO's reign?
A trading update is due from the oil & gas engineering contractor on Tuesday
North Sea strikes begin amid pay dispute
Around 150 Unite union members have begun a 48-hour walkout on Petrofac owned North Sea installations
Petrofac posts first-half loss as Covid continues to weigh
"Moving into the second half of 2022, a significant increase in bidding activity has put us firmly on the path to grow backlog over the full year," said CEO Sami Iskander
Petrofac-led consortium provisionally wins US$300mln natural gas development contract in Algeria
Petrofac’s share in the EPC2 contract is worth about US$200mln
Petrofac says first-half trading and expectations in line with recent guidance
The engineering and construction (E&C) division is expected to report a first-half EBIT loss of about US$35-45mln
Petrofac wins US$200mln contract for offshore decommissioning in Gulf of Mexico
The alliance has selected Danos, a Gulf of Mexico offshore services provider to support field operations at the project
Petrofac hopes to rebuild backlog and that 2021 draws a line under bribery probe
Its main efforts in 2022 will be on rebuilding its backlog of work, which was down 20% on a year ago at US$4bn
Petrofac says Covid disruption continues to impact construction arm
Petrofac reports strong Earnings per share (EPS) performance in its pre-close trading update for the year ending 31 December 2021.
Petrofac fined £77mln for Middle East bribery scandal
Chairman René Médori said: "This draws a line under a regrettable period of our history"
Petrofac to plead guilty on seven counts in Middle East bribery case
Chairman René Medori described the events as "A deeply regrettable period of Petrofac's history.
Petrofac sinks as former executive awaits sentencing for bribery
David Lufkin is due to be sentenced on Monday after pleading guilty to offences relating to corrupt offers and payments made to influence the award of contracts in the UAE, Iraq and Saudi Arabia
Petrofac swings into full-year loss, says market conditions remain challenging
Recovery is yet to materialise despite higher oil price, an improvement in the near-term economic outlook and an increase in tendering activity in the first quarter of 2021
Petrofac shares buoyed as it lands new business in Oman
"Petrofac has a significant track record in Oman and PDO are a longstanding client,” said Elie Lahoud.
Petrofac says former employee admits to bribery charges
Petrofac noted that no charges have been brought against any group company or any other officers or employees.