Petrofac operations not impacted by Iraq turmoil June 24, 2014 Oil and gas services firm Petrofac has said that its operations in Iraq, which represents less than five per cent of expected revenues for this year, have not been significantly impacted by the recent wave of violence sweeping many parts of the country. The company's operations are mainly concentrated in the south and east of [...]
Petrofac shares plummet 17pc on profit warning May 9, 2014 Petrofac, the energy services firm, has seen its shares plunge over 17 per cent this morning, after warning its net profit for this year will fall by as much as 11 per cent. A disappointing performance by its Integrated Energy Services (IES) division will see profit fall to between $580m and $600m. Petrofac had said [...]
Petrofac warns of flat to modest growth after bumper earnings February 26, 2014 FTSE 100-listed oil and gas services firm Petrofac yesterday reported a three per cent rise in profit in 2013 but warned of weak growth this year, in line with previous guidance and market expectations. The company said it expected flat to modest growth in 2014 due to project delays, before a return to strong earnings [...]
Petrofac sees modest growth but reiterates cautious outlook February 26, 2014 Petrofac saw modest growth in net profit last year, up three per cent to $650m (£390m). But the oil and gas services firm expects little growth if any this year before heading back to increased earnings in 2015. The British company says it expects to deliver “flat to modest growth” in net profit in 2014. [...]