|Bid||0.0000 x 50000|
|Ask||0.0000 x 50000|
|Day's Range||4.0710 - 4.0710|
|52 Week Range||4.0150 - 6.3300|
|Beta (5Y Monthly)||0.53|
|PE Ratio (TTM)||6.42|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Sep 19, 2019|
|1y Target Est||N/A|
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
International oilfield services provider Petrofac Limited announced Wednesday that it has entered into the world's largest producing basin with the acquisition of W&W Energy Services.
Statistically speaking, long term investing is a profitable endeavour. But unfortunately, some companies simply don't...
Petrofac, which designs, builds and operates oil and gas facilities, said in June it had lost out on $10 billion worth of contracts globally due to the investigation by Britain's Serious Fraud Office (SFO), which led to a February conviction of its former head of sales David Lufkin on 11 counts of bribery related to Iraqi and Saudi contracts. The company has said that no charges have been brought against Petrofac or any other employees. Petrofac said the investigation, which started in 2017 as part of a wider probe into Monaco-based Unaoil, had hampered its ability to win contracts in Saudi Arabia and Iraq, which accounted for 17% of the group's revenue in 2018.
Petrofac shares, which have lost nearly half of their value since the SFO first announced its probe in 2017 as part of a wider investigation into Monaco-based oil and gas consultancy Unaoil, fell as much as 6.4%. In February, the SFO said Petrofac's former head of sales, David Lufkin, had pleaded guilty to 11 counts of bribery related to oil deals in Iraq and Saudi Arabia.
Petrofac has been awarded a contract worth around $1 billion by Groupment Isarene for engineering, procurement and construction services relating to the Ain Tsila development project in Algeria.
MILAN (Reuters) - A Rome court has upheld a fine imposed on Petrofac CEO Ayman Asfari by Italian market watchdog Consob for alleged insider trading in Saipem shares, a spokesman for the British oil services ...
Shares in British oil services firm Petrofac slumped almost 30 percent on Thursday after a former senior executive pleaded guilty to 11 counts of bribery in relation to oil deals in Iraq and Saudi Arabia. Britain's Serious Fraud Office said David Lufkin, a former global head of sales for Petrofac, was convicted over what the prosecutor called corrupt attempts by Petrofac to secure deals, via agents, worth more than $730 million (566 million pounds) in Iraq and more than $3.5 billion in Saudi Arabia. Petrofac said a number of Petrofac individuals and entities were alleged to have acted "with the individual concerned", although no current board member of Petrofac Ltd was alleged to have been involved and there had been no further charges.