PETROFAC LIMITED (PFC)

PETROFAC LIMITED (PFC)

Blog posts

£400 Million Legal Claim to be Launched Against Petrofac

Keystone Law have announced that they are about to launch a legal claim against Petrofac (PFC). This is what the announcement says: “Keystone Law is getting ready to launch a claim on behalf of institutional investors who have suffered significant losses on their Petrofac investments since at least 2010. The team, led by senior litigators George Lambrou, Matthew Reach and Robert Lawrie, has joined forces with litigation funder, Innsworth, to mount legal action against the oil services company. The claim is ...

Affected by the Oil/Gas Price slump? Weir, Petrofac and IDOX

I don't think any investor will be unaware that the price of oil has fallen off a cliff in the last few weeks. It was good to hear at the IDOX AGM this morning (26/2/2015) that the impact on their business was relatively minor - they supply engineering management information software plus public sector software and the former does have about 11% of sales in the oil/gas sector. The share price barely moved after a positive announcement in the morning that ...

AGM Reports

Petrofac AGM 2017 Report

Petrofac is a large global oil services company that is primarily engaged in infrastructure construction both upstream and downstream, with a large presence in the Middle East. Revenues last year were £6.09bn. In recent years the company has been impacted by the slowdown in the oil and gas sector due to the fall in the oil price. As a results profits have fallen, though group revenues have held up well. As I write this on Friday 12th May shares in the company ...

Petrofac (PFC) AGM report 2012

Petrofac designs, builds and maintains oil and gas installations. Their Annual General Meeting (AGM) was held in the West End of London on the 11th May. There was a good attendance of about 100 people, although a lot of them seemed to be Petrofac staff who did mingle both before and after the meeting with shareholders. The Chairman, Norman Murray, who is relatively new to the job, commenced by covering the main points of the morning’s “Interim Management Statement”. They expect revenue ...