Wind services firm set up by ex-Petrofac CEO acquires two new companies
Venterra Group has announced the acquisition of two companies as it seeks to support the expansion of the global wind industry.
Ayman Asfari
Former Shell chairman Holliday joins ex-Petrofac boss Asfari at Venterra
Ex-Petrofac chief executive Ayman Asfari has snapped up the former chairman of Shell for his offshore wind business Venterra Group.
Former CEO Asfari increases Petrofac stake by £27million in new share issue
Former Petrofac boss Ayman Asfari has increased his holdings in the company, as part of a £200m share offer to pay debt and bribery fines.
Former Petrofac CEO Asfari snaps up Scots offshore wind business
Scottish firm FoundOcean has been acquired by Venterra Group, a new wind energy services company set up by former Petrofac CEO Ayman Asfari.
Petrofac: Asfari takes pay cut in final year as CEO
Former Petrofac CEO Ayman Asfari took a double-digit percentage pay cut in 2020, a year blighted by Covid, loss of work and an ongoing SFO investigation.
Petrofac finds new CEO in former Shell VP Sami Iskander, Asfari to retire
Petrofac has found its new CEO in former Shell vice president Sami Iskander, as long-term boss Ayman Asfari announces his plans to retire.
Petrofac to ‘target additional savings’ as it looks to weather Covid-19 storm
Oilfield services firm Petrofac will "target additional savings" as the firm looks to weather the financial storm caused by the outbreak of Covid-19 and low oil prices.
Updated: Petrofac shares down as order book shrinks
Shares in Petrofac dropped after the UK oilfield service firm showed its order book had shrunk.
Updated: Petrofac ‘well positioned’ for 2019 amid first-half profit
Energy services firm Petrofac said it was “well positioned” for the remainder of 2019, but warned of a drop in revenues ahead.
Petrofac boss gets 15% pay boost to £1.7m
Petrofac chief executive Ayman Asfari saw his take-home pay increase by 15% last year, pocketing £1.7million.
Petrofac looks to ‘enhance workforce’ with new global talent
Oilfield service firm Petrofac has announced its intention to "enhance its already diverse workforce" by encouraging graduates from across the globe.
Petrofac boss buys £10million in shares despite bribery investigation
It emerged last night that CEO Ayman Asfari has acquired £10million in Petrofac company shares, despite being under the spotlight of a bribery probe.
Petrofac’s Asfari returns to the fold as firm ditches deep-water
Petrofac’s board said today that chief executive Ayman Asfari would resume "full executive duties" at the UK energy service giant.
Petrofac chief Asfari wins case against sanctions
The UK High Court has ruled that the sanctions imposed on chief executive Ayman Asfari by Italian authorities should be annulled owing to a lack of served due process.
Sanctions imposed on Petrofac boss Ayman Asfari for insider dealing
Petrofac chief executive Ayman Asfari has been fined £276,000 and had property worth more than £350,000 confiscated by Italian authorities after a ruling that he gained financial advantage from "inside" information.
£671,000 bonus boost for Petrofac boss Ayman Asfari
Petrofac chief executive Ayman Asfari saw his total pay package rocket more than 60% during 2016 as the energy services giant moved back into the black.
Ineos boss Ratcliffe is UK’s richest oil billionaire on Forbes list
Ineos boss Jim Ratcliffe is the UK's richest energy services mogul on the Forbes 2016 billionaires list with his $5.5billion fortune.
Petrofac profits battered by Laggan Tormore and oil slump
Petrofac profits have been hit by a double whammy of low oil prices and accounting for a loss from its Shetland Islands project.