Petrofac Share Discussion Threads

[geckotheglorious] 26/4/2021 19:48

Leoneobull
Post 18160
"Society General house broker"

Even Leavers know it is SOCIETE Generale

Your fellow remoaners are disgusted at your ignorance!

[w1ndjammer] 26/4/2021 18:45

26 April 2021
Kuwait Clean Fuels Project commissions key Hydrocracker Unit
Our Clean Fuels Project for Kuwait National Petroleum Company (KNPC) has achieved a further significant milestone, with the safe and successful commissioning of Hydrocracker Unit 214 at Mina Abdullah Refinery.

This is the second largest hydrocracker unit in Kuwait. It is licensed with a feed processing capacity of 50,000 barrels per stream day (BPSD) and will upgrade heavy gas oil fractions into lighter products through a hydro-cracking process using catalyst and hydrogen. This will enable the production of Kuwait’s new generation of ultra-low Sulphur fuel products, including Euro 5 Diesel, Kerosene and Jet Fuel, Naphtha and LPG.

Petrofac is leading a joint venture partnership with Samsung Engineering Co Ltd and CB&I Nederland BV (now McDermott International). As well enabling the production of these new, cleaner fuel products, the project will also increase processing capacity at this key project for Kuwait’s refining industry.

Prashant Bokil, JV Project Director, said:

We have progressively continued the commissioning and handover of each unit and the Hydrocracker is another important milestone for this mega project. Thank you to everyone involved, we are focused on safely delivering the remaining work ahead and completing the project to the full satisfaction of our client KNPC.

The Clean Fuels Project, Mina Abdullah Refinery has a total of 12 new process units from five licensors, inter-refinery transfer lines and interconnecting pipe rack. Seven of the units, along with associated flares, have now been commissioned, with the Vacuum Rerun (VRU) Unit 213 currently under commissioning and the remaining four units (HCR-114, ARDS-212 and 112 and CCR-127) in advanced stages of pre-commissioning.

This is an Engineering, Procurement and Construction (EPC) project on a massive scale. At the peak of activity, more than 15,000 people were working on the Kuwait site. An exemplary safety record has been maintained, with more than 67.2 million work hours without lost-time incident since May 2018.




WJ.

[wardy333] 26/4/2021 18:43

Nice U/T bodes well for an attack at £1.30p and beyond....Blackrock reducing further as well.

[halfpenny] 26/4/2021 17:51

Need ETHICAL and green companies. PFC is not so Go Green with BP....

[leoneobull] 26/4/2021 16:52

Society General house broker, fine should be resolved sooner and at lower cost than expected. Source society generale analyst 7 April, who today updated his share price target to 167p

[w1ndjammer] 26/4/2021 16:42

The last two paragraphs......... its the SFO that need investigating.

Mr Katzen said: "In this case - just as in other similar recent failed fraud prosecutions - the SFO signed a DPA with Serco in which the company, in return for avoiding corporate prosecution, admitted wrongdoing and co-operated with the investigation.

"It is hard to avoid the conclusion that, once again, the narrative created by the DPA drove this investigation, and did so in defiance of the facts.

[halfpenny] 26/4/2021 16:39

Ha ha PFC was found Guilty and now they await huge fines up to 1 billion plus which is why PFC are very Risky...Massive fines in the pipeline soon....CleverIdiot also agrees it may be more bad news to come...

[bracke] 26/4/2021 16:34

Another SFO Fraud Case bites the dust.

[halfpenny] 26/4/2021 16:28

Graph shows pullback tomorrow glad i took profit before more bad news. Get in on dips but still Risky. Too Toppy for me. Clif Edge getting near!!!

[w1ndjammer] 26/4/2021 16:06

26 April 2021
Kuwait Clean Fuels Project commissions key Hydrocracker Unit
Our Clean Fuels Project for Kuwait National Petroleum Company (KNPC) has achieved a further significant milestone, with the safe and successful commissioning of Hydrocracker Unit 214 at Mina Abdullah Refinery.

This is the second largest hydrocracker unit in Kuwait. It is licensed with a feed processing capacity of 50,000 barrels per stream day (BPSD) and will upgrade heavy gas oil fractions into lighter products through a hydro-cracking process using catalyst and hydrogen. This will enable the production of Kuwait’s new generation of ultra-low Sulphur fuel products, including Euro 5 Diesel, Kerosene and Jet Fuel, Naphtha and LPG.

Petrofac is leading a joint venture partnership with Samsung Engineering Co Ltd and CB&I Nederland BV (now McDermott International). As well enabling the production of these new, cleaner fuel products, the project will also increase processing capacity at this key project for Kuwait’s refining industry.

Prashant Bokil, JV Project Director, said:

We have progressively continued the commissioning and handover of each unit and the Hydrocracker is another important milestone for this mega project. Thank you to everyone involved, we are focused on safely delivering the remaining work ahead and completing the project to the full satisfaction of our client KNPC.

The Clean Fuels Project, Mina Abdullah Refinery has a total of 12 new process units from five licensors, inter-refinery transfer lines and interconnecting pipe rack. Seven of the units, along with associated flares, have now been commissioned, with the Vacuum Rerun (VRU) Unit 213 currently under commissioning and the remaining four units (HCR-114, ARDS-212 and 112 and CCR-127) in advanced stages of pre-commissioning.

This is an Engineering, Procurement and Construction (EPC) project on a massive scale. At the peak of activity, more than 15,000 people were working on the Kuwait site. An exemplary safety record has been maintained, with more than 67.2 million work hours without lost-time incident since May 2018.




WJ.

[w1ndjammer] 26/4/2021 16:00

Please don`t feed the attention seeker.............

WJ.

[halfpenny] 26/4/2021 15:58

Phew got out just in time for a correction!!

[halfpenny] 26/4/2021 15:49

PFC easy money today, now Toppy and Risk increasing. Take some off the table ready for drops later... now watching my Gravity Index...Falling back as i took some OFF THE TABLE.. a gain is a gain so take it when u can....

[gozzy88] 26/4/2021 15:43

Funny that this loser lodgeview has also changed his tune

[cleverinvester] 26/4/2021 15:25

The only one I know currently is our little friend Halfpenny

[lodgeview] 26/4/2021 15:21

When brokers start to recommend it's usually when the shorts go long. Explosion time folks!

[cleverinvester] 26/4/2021 15:07

Big change happening. For the first time in a long time brokers recommend...

[knowing] 26/4/2021 14:59

Petrofac Ltd, up 4.8% at 121.40 pence, 12-month range 90.66p-241.75p. Societe Generale raises the provider of oilfield services to Buy from Hold.

[lodgeview] 26/4/2021 14:39

PFC has a long way to go guys. 160 very soon.

[gozzy88] 26/4/2021 14:36

PFC is flying compared to BP...... muppet

[cleverinvester] 26/4/2021 14:32

Plus 9 percent and the Halfwit is still here ah ha ha ha

[lodgeview] 26/4/2021 14:12

She's a like a coiled spring, ready to blow!

[lodgeview] 26/4/2021 13:32

halfpenny so sorry for your losses.

[halfpenny] 26/4/2021 12:59

Ding dong ding dong MUST get back to the PFC classroom to see what other PFC issues need to be covered!! GO BP GO GREEN...