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Petrofac


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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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Petrofac Reports H1 EBIT Loss Of $106 Million

BRIEF-Petrofac Reports H1 EBIT Loss Of $106 Million Sept 30 (Reuters) - Petrofac Ltd PFC.L : PETROFAC LIMITED PETROFAC LIMITED: RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024 PETROFAC - GROUP BUSINESS PERFORMANCE FIRST HALF EBIT LOSS OF US$(106) MILLION PETROFAC - H1 FREE CASH OUTFLOW $36 MILLION, NET DEBT $622 MILLION, GROSS LIQUIDITY $164 MILLION
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UK's Petrofac strikes in-principle deal to restructure finances

UPDATE 1-UK's Petrofac strikes in-principle deal to restructure finances Adds details and background in paragraphs 2-5 Sept 27 (Reuters) - London-listed oilfield services provider Petrofac PFC.L said on Friday it had reached an in-principle agreement with some of its key stakeholders for a financial restructuring. The proposed restructuring involves raising funds through equity financing and conversion of most of its debt into equity.
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Petrofac Limited Announces In-Principle Agreement On Financial Restructure

BRIEF-Petrofac Limited Announces In-Principle Agreement On Financial Restructure Sept 27 (Reuters) - Petrofac Ltd PFC.L : REG-PETROFAC LIMITED PETROFAC ANNOUNCES IN-PRINCIPLE AGREEMENT ON FINANCIAL RESTRUCTURE PETROFAC: PROGRESSING DISCUSSIONS ON PROPOSED FINANCIAL RESTRUCTURE WITH ITS BANK LENDING GROUP PETROFAC: AIMS TO ANNOUNCE LOCK-UP AGREEMENT
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UK's Petrofac strikes in-principle deal to restructure finances

UK's Petrofac strikes in-principle deal to restructure finances Sept 27 (Reuters) - London-listed oilfield services provider Petrofac PFC.L said on Friday it had reached an in-principle deal with some key stakeholders for a financial restructuring. The proposed restructuring involves plans to raise new funds through equity financing as well as conversion of most of its debt into equity.
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UK's Petrofac rises on debt payment deadline extension

BUZZ-UK's Petrofac rises on debt payment deadline extension ** Shares of oilfield services provider Petrofac PFC.L up 3.5% at 17.86p ** Co extends forebearance agreement for missed interest payment on its senior secured notes ** Marks new deadline of Oct. 18 from prior date of Sept. 20 ** Extension to allow company additional time for restructuring
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Petrofac Limited Extends Forbearance Agreement Till Oct 18

BRIEF-Petrofac Limited Extends Forbearance Agreement Till Oct 18 Sept 23 (Reuters) - Petrofac Ltd PFC.L : REG-PETROFAC LIMITED PETROFAC LIMITED: PETROFAC EXTENDS FORBEARANCE AGREEMENT PETROFAC: EXTENDED ITS EXISTING FORBEARANCE AGREEMENT IN RESPECT OF NON-PAYMENT OF INTEREST COUPON PETROFAC: PROVIDES ASSURANCE THAT THESE NOTEHOLDERS WILL NOT TAKE A
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London-listed Petrofac rises after extending debt payment deadline

BUZZ-London-listed Petrofac rises after extending debt payment deadline ** Shares of oilfield services provider Petrofac PFC.L up 3.9% at 16.38p ** Stock among top gainers on the FTSE small cap index .FTSC which is up 0.16% ** Co extends forbearance agreement regarding the missed interest payment on its $600 mln senior secured notes ** The extension moves the deadline from Aug.
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Petrofac Extends Existing Forbearance Agreement To September 20

BRIEF-Petrofac Extends Existing Forbearance Agreement To September 20 Aug 23 (Reuters) - Petrofac Ltd PFC.L : PETROFAC EXTENDS FORBEARANCE AGREEMENT EXTENDED ITS EXISTING FORBEARANCE AGREEMENT TO 20 SEPTEMBER Source text for Eikon: ID:nEQ9qClnYa Further company coverage: PFC.L
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Petrofac Reaches Alternative Agreement With Key Customer For Performance Guarantee Requirements Under Contract

BRIEF-Petrofac Reaches Alternative Agreement With Key Customer For Performance Guarantee Requirements Under Contract July 26 (Reuters) - Petrofac Ltd PFC.L : PETROFAC: REACHED ALTERNATIVE AGREEMENT WITH KEY CUSTOMER FOR PERFORMANCE GUARANTEE REQUIREMENTS UNDER CONTRACT PETROFAC: AGREEMENT CURES DEFAULT NOTICE RECEIVED FROM CUSTOMER PETROFAC: EXTEND
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