Petrofac 2022 results ‘severely impacted’ by E&C challenges
Petrofac (LON: PFC) has released its 2022 full-year results, which new CEO Tareq Kawash said are “severely impacted” by challenges in its engineering and construction (E&C) division.
Tareq Kawash
New Petrofac CEO Kawash formally takes over
The new CEO of Petrofac (LON: PFC) has formally taken the top job today.
Petrofac shares take a hit on $100m losses announcement
Analysts weigh-in on Petrofac’s dire news and the road ahead.
Petrofac predicts losses of $100m for 2022
Petrofac (LON: PFC) has warned it will report losses of around $100m in 2022 due to “challenges” linked to its engineering and construction (E&C) arm.
The impossible job? Challenges ahead for new Petrofac CEO
Analysts have warned that the surprise announcement of a new CEO for Petrofac (LON: PFC) is a negative signal for investors, with “renewed scrutiny” ahead for its balance sheet.
Petrofac chief executive to step down next year, replacement named
Energy services giant Petrofac has announced that its chief executive is heading for the exit door.
McDermott, Sinopec take $2bn Tilenga job
TotalEnergies has chosen McDermott and Sinopec International Petroleum Service Corp. to carry out work Uganda’s Tilenga project.
Qatargas awards FEED work to McDermott
Qatargas has awarded front-end engineering and design (FEED) plans on the North Field South (NFS) project to McDermott International.
McDermott wins Nigerian hydroskimming work
McDermott has won a large engineering and procurement contract for a 12,000 barrel per day refinery in Nigeria.