Petrofac Ltd

Petrofac Ltd
Petrofac Ltd
Type: Company
Name: Petrofac Ltd (Petrofac Limited)
Nationality: United Kingdom
Web Address: http://www.petrofac.com/
Fact Sheet: Fact Sheet for Petrofac Ltd
First reported 49 mins ago - Updated 33 mins ago - 1 reports

Northern Lights shine as Granite City buzzes

THE pace of development in Aberdeen has quickened as projects aimed at the region’s buoyant oil and gas industry come on stream. Construction firm Keir has won a £6 million contract to develop infrastructure on the Core Aberdeen business park.The 100-acre ... [Published The Scotsman - 49 mins ago]
First reported May 18 2013 - Updated May 18 2013 - 1 reports

AIM rises nearly 2 points today

The Alternative Investment Market (AIM) in London was up 1.92 points to 727.14 on May 17, according to Money AM.Minors had a mixed morning, Beaufort Securities reported, with some companies posting gains and others plummeting. BHP Billiton (AIM:BLT) rose ... [Published Potash Investing News - May 18 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Petrofac resolutions passed at AG...

Petrofac Limited Ord USD0.02 (PFC) Petrofac has confirmed that all resolutions proposed at its annual general meeting were passed by shareholders on a poll. At 2:28pm: (LON:PFC) share price was -0.5p at 1324.5p Story provided by StockMarketWire.com ... [Published TrustNet - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 2 reports

Director/PDMR Shareholding

Petrofac Limited (the 'Company') Notification of Transactions byPersons Discharging Managerial Responsibilities Pursuant to the Company's obligations under Disclosure and Transparency Rule 3.1.4, the Company hereby makes the following notifications in ... [Published TrustNet - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Petrofac resolutions passed at AGM

StockMarketWire.com - Petrofac has confirmed that all resolutions proposed at its annual general meeting were passed by shareholders on a poll. At 2:28pm: [LON:PFC] share price was -0.5p at 1324.5p Story provided by StockMarketWire.com ... [Published Stock Market Wire - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 2 reports

Petrofac Expects Modest Growth as Algeria Gas Revival Deferred

The company's order backlog has risen to an all time high of $12.1bn as of 30, April. ... [Published International Business Times Canada - May 17 2013]
Entities: Petrofac Ltd, Algeria
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Moody's assigns Baa1 issuer rating to Petrofac

"The assigned Baa1 Issuer Rating reflects our view that Petrofac retains a leading position in its key Onshore Engineering & Construction business, with a focus on investments in oil and gas developments and infrastructure projects which have favourable ... [Published India Infoline - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Petrofac Ltd Given “Underweight” Rating at HSBC (PFC)

Petrofac Ltd (LON: PFC) ‘s stock had its “underweight” rating reaffirmed by research analysts at HSBC in a report released on Friday, Stock Ratings Network.com reports. They currently have a GBX 1,275 ($19.56) target price on the stock.Petrofac Ltd ( ... [Published Mideast Time - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

FLASH: Liberum Capital lifts Petrofac to buy from hold, target cut from 1703p to 1600p

StockMarketWire.com - Story provided by StockMarketWire.com ... [Published Stock Market Wire - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

FTSE 100 modestly higher early on with Morrisons a focus

PRE-OPEN REPORT: The headline index is tipped to open modestly higher this morning, according to financial websites, with investors concerned that disappointing US economic data will harm the global recovery. In the US last night, the Dow fell 43 points ... [Published Interactive Investor - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Europe Seen Lower on Downbeat US Data

Beppe Grillo, the leader of Italy's anti-establishment "Five Star Movement," told CNBC that he will win the next Italian election. The former comedian turned politician said that the tide was turning against the "old guard" of politicians and support ... [Published CNBC - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Business briefs: Petrofac | BT | Balfour Beatty

OIL services firm Petrofac expects modest growth in net profit this year after its books were hit by the shutdown of a gas plant in Algeria. Full operations at In Salah are expected to restart in the second half of this year, the firm said yesterday. ... [Published The Scotsman - May 17 2013]

Quotes

David Heslop, Enquest’s managing director UKCS, said: "From our perspective, this development fits with our primary focus of securing a high-quality flagship building that clearly demonstrates the company’s long-term commitment to Aberdeen and the North Sea and enables us to consolidate our existing workforce under one roof."
...The Company takes the view that it is only its Directors who may be regarded as Persons Discharging Managerial Responsibilities ( "PDMRs'). The following tables set out details of each transaction with the final table detailing Directors' shareholdings as at today's date. RSP Andy Inglis became entitled on 16 May 2013 to 21,459 Shares at nil cost, following the automatic vesting of approximately one third of the Shares awarded to him under the RSP on 5 January 2011. Mr Inglis elected not to sell any of these Shares and, as a consequence, his shareholding in the Company has increased by the total number of Shares vested. PSP PSP awards are made by the Company to senior executives and generally vest on the third anniversary of the date of grant, provided a participant does not leave the Company's employment and to the extent that performance conditions have been satisfied. Director Total number of Shares held under the PSP prior to 16 May 2013 Number of Shares vested on 16 May 2013 Number of Shares sold on 16 May 2013 Total number of Shares held under the PSP after 16 May 2013 Ayman Asfari1 275,540 94,169 44,326 181,371 Maroun Semaan2 159,929 70,949 - 88,980 Marwan Chedid2 88,291 20,020 - 68,271 1Ayman Asfari elected not to sell any Shares in excess of the number required to be sold to satisfy his tax liability. The average share price for the Shares sold was 1330.9696 pence. His shareholding in the Company has therefore increased by the number of his unsold vested Shares."
"Our strategy for long-term sustainable growth is based on three key drivers: expanding our existing business into new geographies; developing our leading EPC offering offshore; and delivering on our plans for Integrated Energy Services. The award of the deepwater Lakach project management contract for PEMEX in Mexico and the SARB3 project in Abu Dhabi, our largest offshore EPIC project to date, are important milestones in further developing our offshore strategy"
"The assigned Baa1 Issuer Rating reflects our view that Petrofac retains a leading position in its key Onshore Engineering & Construction business, with a focus on investments in oil and gas developments and infrastructure projects which have favourable long-term fundamentals driven by growth in energy demand" says Douglas Crawford, a Moody's Vice President - Senior Analyst and lead analyst for Petrofac...

More Content

All (295) | News (280) | Reports (2) | Blogs (6) | Audio/Video (0) | Fact Sheets (2) | Press Releases (5)
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Northern Lights shine as Granite City buzzes [Published The Scotsman - 49 mins ago]
Overseas Stocks - May 20 [Published Trading Room - 1 hour ago]
London close: Things could be worse (and better) [Published QCK.com - May 18 2013]
AIM rises nearly 2 points today [Published Potash Investing News - May 18 2013]
Petrofac resolutions passed at AG... [Published TrustNet - May 17 2013]
Director/PDMR Shareholding [Published TrustNet - May 17 2013]
Petrofac Limited : Director/PDMR Shareholding [Published Investegate - May 17 2013]
Petrofac resolutions passed at AGM [Published Stock Market Wire - May 17 2013]
Investment Analysts’ Upgrades for May, 17th (AI... [Published American Banking News - May 17 2013]
Brokers' round-up, buy Dixons Retail and Direct... [Published Stock Market Wire - May 17 2013]
Petrofac Expects Modest Growth as Algeria Gas R... [Published International Business Times Canada - May 17 2013]
Petrofac Expects Modest Growth as Algeria Gas R... [Published International Business Times UK - May 17 2013]
FTSE 100 goes above 6,700 level [Published Stock Market Wire - May 17 2013]
Moody's assigns Baa1 issuer rating to Petrofac [Published India Infoline - May 17 2013]
Petrofac Ltd Given “Underweight” Rating at HSBC... [Published Mideast Time - May 17 2013]
FLASH: Liberum Capital lifts Petrofac to buy fr... [Published Stock Market Wire - May 17 2013]
FTSE 100 modestly higher early on with Morrison... [Published Interactive Investor - May 17 2013]
FTSE 100 modestly higher early on with Morrison... [Published Stock Market Wire - May 17 2013]
EUROPEAN EQUITY OPENING HEADLINES INCLUDING: Mo... [Published Proactiveinvestors United Kingdom RSS feed - May 17 2013]
UK Stocks-Factors to watch on Friday May 17 [Published Reuters India - May 17 2013]
In the papers: Government sale of Lloyds Bankin... [Published Proactiveinvestors United Kingdom RSS feed - May 17 2013]
Europe Seen Lower on Downbeat US Data [Published CNBC - May 17 2013]
Employers swarm UTM career fair [Published New Straits Times - May 17 2013]
Business briefs: Petrofac | BT | Balfour Beatty [Published The Scotsman - May 17 2013]
MARKET REPORT: GlaxoSmithKline tipped for Danis... [Published This Is Money - May 16 2013]
Oil & Gas - Mexico - Petrofac to begin Arenque ... [Published Business News Americas - May 16 2013]
Thursday preview: Premier Farnell reports on fi... [Published Yahoo! UK and Ireland - May 16 2013]
LONDON MARKETS: FTSE 100 Ends 10-day Winning St... [Published Borsa Italiana - May 16 2013]
London close: FTSE 100 snaps winning streak aft... [Published Coutts Woman - May 16 2013]
FTSE 100 ends fractionally lower, retreating fr... [Published Interactive Investor - May 16 2013]
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Blogs

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FACTBOX: Oil, gas potential In disputed South C... [Published MaritimeSecurity.Asia - Feb 09 2013]
The South China Sea holds around 11 billion barrels of oil and 190 trillion cubic feet (tcf) of natural gas in proven and probable reserves, surpassing the untapped resources in Europe, the U.S. Energy Information Administration said. China claims ownership ...
INTERNATIONAL JOBS FEB 9 2013 [Published Zunia.org RSS - Feb 09 2013]
ISSOW Trainers , Tangguh, Indonesia Environmental Response Consultant Training Instructors / Coordinators Engineering Manager Oil industry Consultant - Learning and Development Cost Estimating & Planning Manager - Facilities En... Ing: petrolero ...
US GDP shocker drags FTSE 100 lower [Published Proactiveinvestors United Kingdom website - Jan 30 2013]
After spending most of the morning noodling along in positive territory, the top share index ended the day in the red following disappointing US gross domestic product (GDP) data. Fourth quarter GDP unexpectedly fell, dipping 0.1%, confounding expectations ...
Pre-market briefing including US president pres... [Published Proactiveinvestors United Kingdom website - Dec 24 2012]
  UK Market Snapshot  UK markets finished lower on Friday, amid reports that the UK consumer confidence fell in December. Additionally, the losses came after the US House Republicans canceled a plan to allow higher tax rates on annual incomes above ...
Apple wins key battle as Samsung backs down in ... [Published Proactiveinvestors United Kingdom website - Dec 18 2012]
Duelling tech giants Apple ( NASDAQ:AAPL ) and Samsung have laid down their swords for now as the patent war between the two shows signs of abating. The Korean firm has withdrawn a key lawsuit that demanded Apple remove its iPhones, iPads and ...
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Press Releases

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G4S plc UK DK : Directorate change [Published GlobeNewswire: Advertising News - Dec 18 2012]
Valerus Awarded Compression Services Contract b... [Published EON Energy - Nov 28 2012]
Valerus Awarded Compression Services Contract b... [Published Business Wire Energy News - Nov 28 2012]
Valerus Awarded Compression Services Contract b... [Published Business Wire Manufacturing News - Nov 28 2012]
Petrofac selects leading technology from Interg... [Published PR Newswire - Sep 25 2012]
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