Petrofac backlog swells after ‘strongest period for new awards in many years’
Petrofac’s (LON: PFC) order backlog has nearly doubled in recent months after its “strongest period for new awards in many years”.
energy services
Slb makes ‘strong’ start to 2023 as Q1 profits top $1bn
Energy services giant (NYSE: SLB) Slb has made a “strong” start to the year, with first quarter pre-tax income of $1.2 billion.
Petrofac issues profit warning ahead of 2022 full-year results
Energy services giant Petrofac (LON: PFC) is tempering expectations ahead of the publication of its full year results for 2022, slated for April 25.
Energy services group Hunting posts ‘good’ results as it launches 2030 growth plan
London-headquartered Hunting (LON: HTG) is charting a plan for major growth with the launch of a “broad-based” 2030 strategy.
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.
Tendering activity remains at a ‘record high’ for Aker Solutions
Aker Solutions (OSLO: AKSO) is toasting a “good performance” in the third quarter after posting pre-tax profits of £38 million.
Schlumberger rebrands to SLB as energy services giant commits to a low carbon future
Schlumberger (NYSE: SLB) is rebranding as it affirms its transformation from an oilfield services giant to a global technology company.
New director at EnerMech to deliver group-wide marketing plan
Seasoned marketing professional Alison Hazell is celebrating promotion to a director's role at Aberdeen firm EnerMech after five years with the company.
Petrofac upbeat for the future after trimming losses
Energy Services giant Petrofac (LON:PFC) is buoyant about the outlook for the rest of 2022 after trimming losses.
Three60 Energy snaps up Fraser Well Management
Nort-east firm Three60 Energy has struck a deal for well and pipeline operator Fraser Well Management.
Centurion Group forecasting a solid 2022 after reversing losses
Energy services firm Centurion Group reversed major year on year losses to finish 2021 on a solid financial footing.
Proserv shakes up top team with appointment of former RenewableUK CEO
North-east firm Proserv has announced a realignment of its top brass as it continues to pivot towards the energy transition.
Centurion Group acquires Angus-based well services firm RMEC
Energy services firm Centurion Group has completed the acquisition of Angus-based rental company RMEC for an undisclosed sum.
2,000 workers to transfer as Sparrows Group bought by Altrad
Aberdeen-headquartered Sparrows Group is being bought by industrial services giant Altrad.
Aberdeen’s Tendeka acquired by Saudi Arabian firm TAQA
Aberdeen-headquartered energy services firm Tendeka has been acquired by Saudi Arabian oilfield services company TAQA.
Hunting founding family member to leave energy services firm after 50 years
Energy services group Hunting (LON: HTG) has announced that Richard Hunting will leave the company after half a century.
McDermott International unveils new CEO
McDermott International has announced the appointment of a new chief executive and president.
Hunting announces new joint venture in India
London-headquartered energy services firm Hunting Plc (LON:HTG) has set up a new joint venture to take advantage of work in India.
Petrofac signs strategic partnership with leading UK green hydrogen firm
Global energy services firm Petrofac has penned a strategic partnership with a leading UK green hydrogen company.
Technip FMC improves full-year expectations following ‘strong’ quarter
TechnipFMC has increased its full-year expectations on the back of a strong start to 2021, as well as “continued improvement” in the broader market outlook.
Updated: Shares in Wood dip after forecasted drop in revenue, firm expects bribery cases to conclude in June
Shares in energy services giant Wood have dipped after the company projected a revenue drop in the first half of the year.
Three60 beefs up EPC&C team with senior appointment
Three60 Energy has bolstered its engineering, procurement, construction and commissioning (EPC&C) division with a new senior appointment.
Proserv snaps up Dron & Dickson’s Middle East operations
Energy services firm Proserv has scooped up Dron & Dickson’s Middle East based trade and assets.
Three60 Energy bags multi-million pound funding package
Bosses at Three60 Energy are looking to target asset operators “across the globe” after a positive and prosperous last few months.
Subsea 7 cautiously optimistic after posting ‘solid’ Q1 results
Subsea 7 has warned its future results may still be “adversely affected” by Covid-19 despite a “solid” financial showing to start the year.