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Pin to quick picksPetrofac Share News (PFC)

Share Price Information for Petrofac (PFC)

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Share Price: 14.30
Bid: 14.27
Ask: 14.51
Change: 0.75 (5.54%)
Spread: 0.24 (1.682%)
Open: 14.50
High: 15.60
Low: 13.16
Prev. Close: 13.55
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TRADING UPDATES: Marula Mining to acquire 70% interest in Future Gems

Tue, 03rd Oct 2023 17:55

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Marula Mining PLC - Africa-focused mining investment company - Announces that itself and its wholly-owned South African subsidiary, Marula Lithium Mining South Africa Pty Ltd, have entered into binding heads of agreement with South African mining and exploration companies Opencast Resources Pty Ltd and Future Gems Pty Ltd. The heads of agreement is to secure a 70% interest in Future Gems from Opencast Resources, the holder of the Korridor 21 prospecting right in the Northern Cape province of South Africa. Acquisition to be satisfied through an initial consideration of GBP125,000 in Marula shares along with a cash payment of up to USD50,000.

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Gran Tierra Energy Inc - company focused on oil and gas exploration and production in Colombia and Ecuador - Announces the early participation results of its previously announced offer to exchange any and all of the outstanding 6.25% senior notes due 2025 issued by Gran Tierra Energy International Holdings Ltd on February 15, 2018, and any and all of the outstanding 7.75% senior notes due 2027 issued by Gran Tierra Energy on May 23, 2019, for newly issued 9.50% senior secured amortizing notes due 2029. Says USD247.6 million in aggregate principal amount outstanding of the 2025 notes, representing around 91% of the total principal amount outstanding of the notes, and USD274.2 million in aggregate principal amount outstanding of the 2027 notes, representing approximately 91% of the total principal amount outstanding of the notes, had been validly tendered for exchange.

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Petrofac Ltd- St Heller, Jersey-headquartered service provider to the energy industry - Wins an engineering, procurement and construction contract from ADNOC Gas, part of Abu Dhabi National Oil Co, for its Habshan carbon capture, utilisation and storage project. The contract is valued at more than USD600 million and involves the delivery of carbon capture units, associated pipeline infrastructure and a network of wells for carbon dioxide recovery and injection.

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RBG Holdings PLC - London-based legal and professional services firm - Notes that Dowgate Wealth Ltd now holds 7.9% of the voting right attached to its shares, up from no interest previously.

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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24 Nov 2022 16:27

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24 Nov 2022 16:10

Unite Union to hit BP UK North Sea oilfields with two-day strike

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22 Nov 2022 17:27

Oil stocks power FTSE 100 to over two-month high

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22 Nov 2022 10:28

Petrofac names Kawash new CEO as Sami Iskander steps down in March

(Alliance News) - Petrofac Ltd on Tuesday said that Chief Executive Officer Sami Iskander will leave the business at the end of March to pursue other interests.

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22 Nov 2022 09:27

Petrofac CEO to step down, shares fall

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Petrofac CEO to stand down

(Sharecast News) - Energy services company Petrofac said on Tuesday that chief executive Sami Iskander will leave the business at the end of March 2023 in order to pursue other interests.

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21 Oct 2022 09:38

LONDON BROKER RATINGS: HSBC cuts Asos; Berenberg likes Synthomer

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

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14 Oct 2022 12:09

LONDON MARKET MIDDAY: 'Mini-budget' U-turn hopes turbocharge shares

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14 Oct 2022 09:17

LONDON BROKER RATINGS: Peel Hunt likes Petrofac; Deutsche cuts boohoo

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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24 Aug 2022 09:45

LONDON BROKER RATINGS: Unilever and Petrofac cut, Marshalls upgraded

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

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18 Aug 2022 15:01

JP Morgan stays 'overweight' on Petrofac, says bid pipeline 'growing and accelerating'

(Sharecast News) - Analysts at JP Morgan reiterated their 'overweight' recommendation for shares of Petrofac following a meeting with the oilfield services outfit's management during the preceding week.

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Petrofac posts drop in interim revenue as Covid-19 effects linger

(Alliance News) - Petrofac Ltd on Thursday reported a drop in interim revenue due to Covid-19 pandemic effects, as it remains optimistic about future opportunities.

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LONDON BROKER RATINGS: Goldman Sachs starts Harbour Energy at 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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Petrofac narrows losses, sees order backlog growth in H2

(Sharecast News) - Energy industry firm Petrofac narrowed losses and said it expected to grow order backlog over the full year.

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