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Buy POFCF
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At Close: Jun 22, 2026
Petrofac Plans to Undergo Financial Restructuring to Boost Liquidity
10:16am, Monday, 30'th Sep 2024
POFCY's financial restructuring plan to convert a significant portion of its debt into equity is a significant step toward strengthening the company's balance sheet.
UK's Petrofac plummets as half-yearly losses surge
03:51am, Monday, 30'th Sep 2024
Shares of British oilfield services provider Petrofac dropped 33% on Monday after the company reported a bigger half-yearly losses, amid difficulties in closing legacy contracts in its biggest divisio
Petrofac extends forbearance agreement with some of its debtholders
03:46am, Friday, 23'rd Aug 2024
Petrofac (Petrofac Limited (LSE:PFC)) told investors it extended a forbearance agreement, with 47% of holder of a senior secured notes, which allows it more time to work on its ongoing financial restr
Petrofac shares rally despite 'fragile financial state' warning
06:44am, Tuesday, 04'th Jun 2024
Petrofac Limited's (LSE:PFC) rollercoaster year saw the shares rally as they returned from suspension after it published its accounts for 2023. Net debt at the end of December was confirmed at US$583
Petrofac shares to be suspended as results delayed
04:24am, Monday, 29'th Apr 2024
Petrofac Limited (LSE:PFC) has announced shares will be suspended from trading from next month as the company delays publishing full-year results on the back of ongoing pressure. Results are now expe
Petrofac shares plummet as financing uncertainties continue
03:40am, Friday, 12'th Apr 2024
Petrofac Limited (LSE:PFC) shares fell more than 20% in Friday's early deals after it updated investors on its ongoing strategic and financial restructuring efforts. The company is currently engaged i
Petrofac shares rally as it lands new $200mln contract in Turkmenistan
03:49am, Friday, 08'th Mar 2024
Petrofac Limited (LSE:PFC) shares climbed 11% in Friday's early deals after the offshore engineer and oil services firm announced a new contract worth over $200 million. It is a three-year deal to pro
Petrofac says “very good progress” is being made as strategic review continues
03:57am, Tuesday, 05'th Mar 2024
Petrofac Limited (LSE:PFC) updated on its ongoing strategic review and turnaround with the company, currently valued in the market at around £120 million, telling investors that it is in active talks
Petrofac share price short squeeze explained: why did PFC pop?
07:40am, Wednesday, 20'th Dec 2023
The Petrofac (LON: PFC) share price went parabolic on Wednesday, leading to one of the biggest short squeezes in London this week. The stock surged to a high of 37.25p, its highest point since Novembe
Petrofac up 50% as shorters cash out after big new order
03:39am, Wednesday, 20'th Dec 2023
Petrofac shut up 50% as shorters cashed in their positions after the oil and gas installation specialist announced another big order. Before today, Petrofac was one of the most shorted companies on th
Petrofac unveils further $1.4bn contract underpinning robust outlook
02:46am, Wednesday, 20'th Dec 2023
Petrofac on Wednesday described its outlook as robust underpinned by strong orders across both E&C and Asset Solutions. In a trading update, the company, which fabricates oil and gas installations,�
Petrofac warns it will miss cash targets
03:34am, Monday, 04'th Dec 2023
Petrofac shares fell again as it warned it will not meet its cash targets for this year due to advance payments on several contracts not coming through. As a result, management is looking to sell non-
Oilfield services firm Petrofac mulls asset sale; warns on cash flow
02:24am, Monday, 04'th Dec 2023
Petrofac said on Monday it was in discussions to sell some non-core assets and warned it would no longer be able to meet its annual forecast of "broadly neutral free cash flow", dragging the oilfield
Petrofac wins $600m carbon capture contract with UAE state oil company
03:25am, Tuesday, 03'rd Oct 2023
Petrofac Limited (LSE:PFC) has won US$615 million carbon capture contract from the Abu Dhabi National Oil Company (ADNOC). The engineering, procurement and construction contract is its second with the
UK's Petrofac gets over $600 mln carbon capture contract from ADNOC Gas
02:18am, Tuesday, 03'rd Oct 2023
British oil services firm Petrofac said on Tuesday it was awarded a contract valued at over $600 million by ADNOC Gas for its Habshan carbon capture and storage project.
