Petrofac Share News (PFC)

IN BRIEF: Petrofac wins USD200 million contract with Sonatrach

Petrofac Ltd - Jersey-based services provider to energy industry - Consortium that Petrofac leads wins engineering, procurement and construction contract in Algeria. Consortium includes Genie Civil et Batiment. Award is on a provisional basis. Contract is with Algerian state-owned oil company Sonatrach Petroleum Corp BVI for the Tinrhert EPC2 development project in Algeria. The project will see the creation of a new central processing facility for natural gas production.

Petrofac consortium awarded $300m Algeria contract

(Sharecast News) - Petrofac said on Thursday that its consortium with Genie Civil et Batiment (GCB) has been provisionally awarded an engineering, procurement and construction contract with Sonatrach for the Tinrhert EPC2 Development Project in Algeria.

IN BRIEF: i3 Energy completes Serenity farm-out deal with Europa

i3 Energy PLC - oil and gas producer in the UK and Canada - Completes farm-out agreement for 25% working interest in Block 13/23c North licence, which contains the Serenity discovery located in the North Sea. Europa Oil & Gas Holdings PLC acquires 25% working interest. Europa will fund about 46% of the cost of the upcoming Serenity appraisal well to a gross capped well cost of GBP15 million. i3 says after the farm-out, the company will retain a 75% working interest in Block 13/23c North and a 100% working interest in Block 13/23c South, which contains the Minos High prospect and Liberator discovery.

'Grim day' for UK fraud office as third Unaoil conviction quashed

LONDON, July 21 (Reuters) - Failings at Britain's Serious Fraud Office (SFO) were in the spotlight on Thursday as a government-ordered review laid bare the agency's missteps in a high-profile bribery case as a London court simultaneously quashed a third criminal conviction.

UK fraud agency told to record contacts with defendants, suspects

LONDON, July 21 (Reuters) - The UK Serious Fraud Office (SFO) should record contact with defendants, suspects and their representatives as necessary and all its cases should have effective disclosure strategies, the attorney general said on Thursday.

IN BRIEF: Eqtec receives planning permission, selects FEED contractor

Eqtec PLC - Cork, Ireland-based gasification company focused on turning waste into sustainable energy - Secures revised planning consent for phase 1 waste recycling and anaerobic digestion facility, at Southport Hybrid Energy Park project. The project is developed with its partner Rotunda Group Ltd, and its subsidiary Shankley Biogas Ltd. Anaergia Inc will provide engineering, procurement and construction services for phase 1, as well as operations and maintenance.

Eqtec inks deal with Petrofac for Billingham project

(Sharecast News) - Hydrogen, biofuels, SNG and energy production technology company Eqtec has selected Petrofac as its front-end engineering design (FEED) contractor for its multi-technology, waste-to-energy project at Haverton Hill, Billingham, Teesside, it announced on Monday.

LONDON MARKET CLOSE: FTSE 100 extends gains with oil prices buoyant

(Alliance News) - Oil majors helped propel the FTSE 100 higher on Tuesday on news that China has eased some Covid entry restrictions.

LONDON MARKET MIDDAY: Stocks rise as ECB pledges to control inflation

(Alliance News) - Stock prices in London were higher at midday on Tuesday as the European Central Bank said it would "go as far as necessary" to control inflation, while Nike shares fell in New York on a downbeat outlook.

Petrofac shares surge after trading update; collaborates with Hitachi

(Alliance News) - Petrofac Ltd on Tuesday provided a half-year trading update, giving its shares a lift.

LONDON MARKET OPEN: Oil companies rise; Pennon slides on Ofwat probe

(Alliance News) - Stock prices in London opened higher on Tuesday with oil producers giving the FTSE 100 a boost, while in the FTSE 250 Pennon fell sharply after the UK water regulator opened a case against the company.

Petrofac sees trading in line with expectations

(Sharecast News) - Energy services company Petrofac said trading and expectations were in line with guidance, adding that its engineering and construction division was set to secure strong order intake in the second half and deliver backlog growth year on year.

UK earnings, trading statements calendar - next 7 days

LONDON BROKER RATINGS: JPMorgan downgrades Deliveroo to underweight

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

LONDON BROKER RATINGS: Kepler Cheuvreux raises IAG to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday afternoon: