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Petrofac

Technical Summary

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News

Petrofac Extends Forbearance Agreement

BRIEF-Petrofac Extends Forbearance Agreement Oct 21 (Reuters) - Petrofac Ltd PFC.L : REG-PETROFAC LIMITED PETROFAC LIMITED: PETROFAC EXTENDS FORBEARANCE AGREEMENT PETROFAC - AIMS TO ANNOUNCE A LOCK-UP AGREEMENT WITH FINAL TERMS IN COMING WEEKS PETROFAC: EXTENDED ITS EXISTING FORBEARANCE AGREEMENT TO 15 NOVEMBER Source text for Eikon: ID:nEQ7VNn9Ca
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JPM says volatile macro drives concerns over oil firms' FCF, capex cycle

BUZZ-JPM says volatile macro drives concerns over oil firms' FCF, capex cycle ** J.P.Morgan says macro volatility is driving concerns around capex cycle and FCF in for European oil exploration and services firms ahead of Q3 earnings season ** For oilfield equipment & services, it expects margins to inflect in Q3 as contracts won at higher margins s
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UK's Petrofac plummets as half-yearly losses surge

UPDATE 1-UK's Petrofac plummets as half-yearly losses surge Adds details in paragraphs 2-6 Sept 30 (Reuters) - Shares of British oilfield services provider Petrofac PFC.L dropped 33% on Monday after the company reported bigger half-yearly losses amid difficulties in closing legacy contracts in its biggest unit. After a boom in orders due to high oil prices in 2022, the firm has been struggling with a string of profit warnings related to legacy contracts and payment delays at its largest division
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UK's Petrofac plummets as half-yearly losses surge

UK's Petrofac plummets as half-yearly losses surge Sept 30 (Reuters) - Shares of British oilfield services provider Petrofac PFC.L dropped 33% on Monday after the company reported a bigger half-yearly losses, amid difficulties in closing legacy contracts in its biggest division. The Jersey-based company reported its net loss widened to $208 million in the six months ended June 30 from $141 million in the same period last year.
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UK's Petrofac falls as H1 loss swells

BUZZ-UK's Petrofac falls as H1 loss swells ** Shares of oilfield services provider Petrofac PFC.L down 19.3% at 15.8p ** Co says H1 operating loss swells to $152 mln from $79 mln last year amid difficulty in closing legacy contracts in its engineering & construction (E&C) division ** Says operating activity in E&C, its biggest division, is expected
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