Petrofac wins Bahrain EPCC work
Petrofac has won an engineering, procurement, construction and commissioning (EPCC) contract from Bahrain’s Tatweer Petroleum.
Petrofac
Petrofac gets nod for Acorn carbon capture and hydrogen project
A north-east carbon capture and hydrogen production project has reached key milestone with the appointment of a major contractor.
Move to green energy paying dividends for Petrofac and Saipem during Covid-19
It is no accident that those traditional oil and gas companies which shifted investment and skills towards the renewable energy market are the same firms now celebrating big offshore wind contracts.
Petrofac lands wells contract for IOG’s Core project in North Sea
Petrofac has been awarded a five-well contract for the first phase of Independent Oil and Gas’ (IOG) “Core” project in the North Sea.
Petrofac wins Iraqi extension
Petrofac has won a six-month contract extension for its work in Iraq with Basra Oil Co. (BOC).
Record spending cuts this year, IEA warns
The coronavirus pandemic has triggered the “largest drop in global energy investment in history”, the International Energy Agency (IEA) has said, launching its World Energy Investment 2020 report.
Share price boost for North Sea service firms
North Sea energy services firms including Wood, Petrofac and Hunting enjoyed a share price boost in the City today.
ECITB beefs up board
The Engineering Construction Industry Training Board (ECITB) has beefed up its board as it prepares to play its part in the sector’s recovery.
SFO drops Unaoil probe into ABB
The UK’s Serious Fraud Office (SFO) has dropped its investigation into ABB linked to the Unaoil case.
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.
Ripping up key offshore deal goes against ‘every principle’ held by sector, union boss says
A trade union boss has said offshore contractors’ plans to scrap a blanket deal covering thousands of workers went against “every principle” championed by North Sea industry.
Petrofac strikes new deals with BP
Oilfield services firm Petrofac has struck new deals to provide BP with digitally-enhanced maintenance and metering services.
Brent slips back into reverse
Brent crude oil was down about 6.5% at $28.96 per barrel at the London market close despite spending much of today on the advance.
Petrofac safeguards almost 200 jobs with £81m contract renewals
Energy services firm Petrofac has said it has safeguarded nearly 200 jobs with a pair of contract renewals.
Petrofac delays £11m decommissioning contract with Awilco Drilling
Petrofac has deferred an £11million decommissioning contract for Aberdeen-headquartered Awilco Drilling.
200 workers switching to Petrofac as part of ‘enhanced’ Repsol Sinopec deal
About 200 workers will transfer to Petrofac to help the oilfield services firm fulfil a beefed-up contract with Repsol Sinopec Resources UK (RSRUK).
Ad hoc oil workers ‘months away from losing everything’ after missing out on furlough scheme
A trio of offshore unions are in disagreement with Petrofac after workers were left without answers on being granted the government’s coronavirus furlough scheme.
North Sea firms see shares slide as FTSE 100 closes deeply in the red
Oil majors BP and Shell were among the fallers as the FTSE 100 Index slid by 171.80 points, or nearly 3%, to 5,641.03 yesterday.
Petrofac loses Dalma work from ADNOC
Abu Dhabi’s ADNOC has terminated two contracts for Petrofac’s joint venture on the Dalma gas development worth $1.65 billion.
Update: Petrofac to furlough 200 north-east workers
Oilfield services firm Petrofac will put about 200 north-east staff members on furlough as part of its response to the Covid-19 outbreak.
Deal to save ‘thousands’ of North Sea jobs hammered out
A deal has been struck to protect hundreds, and potentially thousands, of North Sea jobs during the coronavirus outbreak.
Petrofac’s chief takes a 45% drop in pay
The latest annual report from energy services company Petrofac shows CEO Ayman Asfari took a 45% pay cut in 2019.
Petrofac at ease with North Sea contract snub
A boss at Petrofac has said the loss of a UK North Sea contract with French major Total was “disappointing”, but not “mission critical” for the oilfield service firm.
Updated: 2020 a ‘year of transition’ for Petrofac with revenue drop predicted
Bosses at Petrofac said 2020 would be a “year of transition” for the oilfield services giant and reiterated predictions for a drop in revenue.
ODE appoints Sandy Reid to asset management role
Offshore Design Engineering (ODE), an international technical service provider to the oil, gas and renewable energy markets, said yesterday it had appointed Sandy Reid as managing director of asset management.