Petrofac Stock News

Petrofac Limited (OTCPK:POFCF) Q2 2023 Earnings Conference Call August 10, 2023 3:30 AM ET Company Participants Tareq Kawash - Group Chief Executive Officer Afonso Reis e Sousa - Chief Financial Offic

UK oilfield services provider Petrofac posted a half-year loss on Thursday, hurt by subdued activity at its largest unit - engineering & construction.

British union Unite on Monday said that offshore workers employed by Petrofac voted for strike action in disputes over jobs, pay and conditions.

Pune, India, Feb. 16, 2022 (GLOBE NEWSWIRE) -- The global offshore inspection, repair, and maintenance market size is anticipated to grow from USD 9.64 billion in 2021 and reach 18.04 billion by 2028 and exhibit a stellar CAGR of 9.4% during the forecast period. The rising focus on advanced unmanned aerial vehicles (UAVs) for offshore operations and the surging demand for energy are projected to bolster the market''s growth. Fortune Business Insights™ has presented this information in its report titled, " Offshore Inspection, Repair, and Maintenance Market, 2021-2028 ". The market size stood at USD 8.93 billion in 2020. The market''s growth is also ascribable to the increasing government initiatives for green energy promotion and surging greenhouse gas emissions. The rising energy demand and consumption worldwide due to the exponentially increasing global populace is likely to increase exploration activities and foster the market''s growth. Request a Sample Copy of Report: https://www.fortunebusinessinsights.com/enquiry/sample/offshore-inspection-repair-maintenance-market-100405 Key Players in The Global Offshore Inspection, Repair, and Maintenance Market are: Fugro (Netherlands) Bluestream (Netherlands) James Fisher Offshore (U.K.) Boskalis (Netherlands) Starke Marine (Malaysia) Sapura Energy Berhad (Malaysia) Petrofac (U.K.) Technip FMC (U.K.) Oceaneering (U.S.) Schlumberger (U.S.) Baker Hughes (U.S.) Aker Solutions (Norway) Report Scope & Segmentation: Report Coverage Details Forecast Period 2021 to 2028 Forecast Period 2021 to 2028 CAGR 9.4% 2028 Value Projection USD 18.04 Billion Base Year 2020 Market Size in 2020 USD 8.93 Billion Historical Data for 2017 to 2019 No. of Pages 190 Segments covered Service Type, Type, …

Energy services group Petrofac has won its first new energy-focused project in Russia, securing a three-year agreement to engineer a wind-to-hydrogen development on Sakhalin Island.

Petrofac Limited (LON:PFC)s revenue for the year is expected to be around $3.0bn, down from $4.1bn last year but broadly inline with market expectations. Full-year net income is expected to be consistent with market expectations of $45.5m, helped by the release of $52m in unused tax provisions and $250m of targeted cost savings. Q3 2021 []

DJ Petrofac Limited: Trading Update Petrofac Limited ( PFC) Petrofac Limited: Trading Update 16-Dec-2021 / 07:00 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The i

A former Petrofac executive has been ordered to pay £140,000 over bribery offences in the Middle East.

JPMorgan Chase & Co. upgraded shares of Petrofac (OTCMKTS:POFCY) from a neutral rating to an overweight rating in a report released on Friday, The Fly reports. Several other equities analysts also recently commented on POFCY. Jefferies Financial Group raised shares of Petrofac from a hold rating to a buy rating in a research note on []

Petrofac (LON:PFC) had its target price reduced by JPMorgan Chase & Co. from GBX 170 ($2.25) to GBX 160 ($2.12) in a research report sent to investors on Friday morning, Analyst Ratings Network reports. They currently have an overweight rating on the stock. Separately, Barclays reissued an equal weight rating and set a GBX 200 […]

Jon Carpenter, Vice President of New Energy Services at Petrofac, looks back on a year defined by innovation, new thinking, and a firm commitment to working together, to support the transition to a lower-carbon future. The post Petrofac: Making meaningful progress towards a lower-carbon future appeared first on Energy Voice .

Petrofac (OTCMKTS:POFCY) and Nomura Research Institute (OTCMKTS:NRILY) are both oils/energy companies, but which is the better stock? We will contrast the two businesses based on the strength of their valuation, dividends, earnings, risk, profitability, analyst recommendations and institutional ownership. Analyst Recommendations This is a breakdown of recent ratings and recommmendations for Petrofac and Nomura Research []

Petrofac Limited (OTCMKTS:POFCF) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 474,600 shares, an increase of 279.7% from the October 31st total of 125,000 shares. Based on an average daily volume of 700 shares, the short-interest ratio is presently []

Barclays reiterated their equal weight rating on shares of Petrofac (LON:PFC) in a report published on Friday morning, Price Targets.com reports. They currently have a GBX 200 ($2.61) target price on the stock. LON PFC opened at GBX 110.60 ($1.44) on Friday. The businesss 50-day moving average price is GBX 133.47 and its two-hundred day []

EnerMech has confirmed a three-year extension to its equipment rental deal with Petrofac, taking the two companies’ working relationship beyond the ten-year mark.