The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPetrofac Share News (PFC)

  • This share is currently suspended. It was suspended at a price of 10.50

Share Price Information for Petrofac (PFC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 10.50
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 10.50
PFC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Petrofac Secures Work On Scotland's Largest Wind Farm Development

Thu, 16th Jan 2020 09:20

(Alliance News) - Energy services firm Petrofac Ltd has won a contract on a Scottish wind farm operated by SSE PLC, the company said on Thursday.

Petrofac will design, supply, and install onshore and offshore substations for the Seagreen project, which will be 27 kilometres off the coast of Angus. Once constructed, it will be the largest wind farm in Scotland.

Early work has already begun, Jersey-based Petrofac said, and a final investment decision will be made in the coming months.

Elie Lahoud, the managing director of Engineering & Construction at Petrofac, said: "We have been involved in a number of similar projects in the North Sea and are delighted to have been appointed to be part of the Seagreen project, which will be Scotland's largest offshore wind farm.

"This will enable us to continue to grow our capability and experience in offshore wind and supports our diversification into renewable energy. Along with the wider team involved, I look forward to the safe and quality delivery of both the onshore and offshore substations."

Petrofac shares were 0.7% higher in London on Thursday at a price of 384.85 pence each.

This contract win, for which financials were not disclosed, follows two wins in Oman worth USD130 million announced at the end of December.

By George Collard; georgecollard@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
27 Sep 2021 13:45

Petrofac bribery sentencing postponed until Oct. 1

LONDON, Sept 27 (Reuters) - The sentencing of British oil services company Petrofac over failing to prevent bribery between 2012 and 2015 has been postponed to Oct. 1 due to court scheduling, the company said on Monday.Petrofac had said it would p...

Read more
27 Sep 2021 11:30

Shares surge as Petrofac bribery probe nears end

(Sharecast News) - Shares in Petrofac jumped on Monday after the oilfield services firm looked to draw a line under a bribery probe by striking a deal with the Serious Fraud Office.

Read more
27 Sep 2021 10:33

SMALL-CAP WINNERS & LOSERS: Petrofac rally continues after guilty plea

SMALL-CAP WINNERS & LOSERS: Petrofac rally continues after guilty plea

Read more
24 Sep 2021 17:00

LONDON MARKET CLOSE: Cautious end to week as Evergrande worries linger

LONDON MARKET CLOSE: Cautious end to week as Evergrande worries linger

Read more
24 Sep 2021 15:27

TOP NEWS: Petrofac pleads guilty to bribery offence in plea deal

TOP NEWS: Petrofac pleads guilty to bribery offence in plea deal

Read more
24 Sep 2021 15:00

UPDATE 2-Petrofac reaches plea deal with UK prosecutor over bribery charges

(Adds shares, background)By Yadarisa ShabongSept 24 (Reuters) - Oilfield services provider Petrofac on Friday reached a plea deal with the UK's fraud prosecutor relating to an investigation into the company's past dealings in the Middle East, send...

Read more
24 Sep 2021 09:31

UPDATE 2-FTSE 100 slips as slowdown worries, inflation fears persist

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* AstraZeneca jumps on positive cancer drug trial results* Growth fears cause hefty drop in UK consumer confidence* Outsourcer Mitie Group ga...

Read more
3 Sep 2021 12:09

IN BRIEF: Petrofac inks Erawin oil field services contract with Zallaf

IN BRIEF: Petrofac inks Erawin oil field services contract with Zallaf

Read more
3 Sep 2021 09:47

Petrofac secures $100m contract with Libya Oil & Gas

(Sharecast News) - Petrofac has secured a contract valued at more than $100m with Zallaf Libya Oil & Gas Exploration and Production Company, to deliver the Erawin Field Development Project Phase 1 early production facilities.

Read more
19 Jul 2021 11:49

IOG says test rates on its Elgood development exceeded expectations

IOG says test rates on its Elgood development exceeded expectations

Read more
9 Jul 2021 09:35

BROKER RATINGS: Bunzl and Burberry get upgraded to Buy

BROKER RATINGS: Bunzl and Burberry get upgraded to Buy

Read more
29 Jun 2021 13:04

Tuesday broker round-up

(Sharecast News) - South32: Deutsche Bank downgrades to hold with a target price of 180p.

Read more
29 Jun 2021 09:37

BROKER RATINGS: Goldman Sachs prefers Direct Line over Admiral

BROKER RATINGS: Goldman Sachs prefers Direct Line over Admiral

Read more
28 Jun 2021 13:18

TRADING UPDATES: Croma gains from demand for security guards

TRADING UPDATES: Croma gains from demand for security guards

Read more
28 Jun 2021 12:29

Petrofac flags 'challenging' market conditions as Covid continues to hit home

(Sharecast News) - Petrofac said on Monday that the Covid-19 pandemic was continuing to weigh heavily, with new orders in its core engineering and construction unit likely to remain depressed for the rest of the year as a result.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.