Petrofac’s GSA exit will allow it to refocus on core business, says Westwood
Petrofac’s exit from the North Sea Greater Stella Area (GSA) will allow it to refocus on its core business, according to analysts Westwood Energy.
Petrofac
Petrofac bags £290m contract in Iraq
Petrofac has been awarded a contract worth around £290 million by Basra Oil Company (BOC) for expansion of the central processing facility in the Majnoon Field, Southern Iraq.
Petrofac announces £235m in fresh liquidity
International oil services firm Petrofac announced today that it has secured £235 million in additional banking facilities.
Petrofac wins £15million North Sea contract renewal
Petrofac has been awarded a £15million contract renewal with Oranje-Nassau Energie Resources (ONE) for the Sean gas field in the southern North Sea.
Petrofac to sell 49% of Mexican business
UK oilfield services firm Petrofac will sell 49% of its Mexican business to Perenco.
Petrofac wins multi-million dollar contract in Turkey
Energy services giant Petrofac has secured a multi-million dollar contract for a gas storage project in Turkey.
Petrofac wins £150m North Sea wind contract
Energy services giant Petrofac has been awarded a £150million contract to help build a wind farm in the North Sea.
Petrofac opens doors for Aberdeen pupils
Oilfield services firm Petrofac welcomed twelve students from Kincorth Academy this week in an effort give first-hand insight into the oil and gas sector.
Petrofac scoops New Zealand well management contract
Oilfield services company Petrofac today announced a new well project management contract from New Zealand firm Tamarind Taranki.
Will oil price rise start to drip through the supply chain?
Rising oil prices have been a boon for the FTSE 100. The market was at its lowest ebb since 2016 at the end of March, but then rose to record levels on May 22 – some talked of an increase to 8,000.
Petrofac seals Iraq deals worth $110m
Oil service firm Petrofac has secured a new contract award and extensions worth more than $110 million for work in Iraq.
Petrofac spots ‘early signs’ of North Sea recovery
Oil service firm Petrofac said today that it had spotted “early signs of recovery” in the UK North Sea, despite continued low activity, utilisation and order intake.
Brutally competitive market will keep rates low as lines blur between operators and suppliers
The oil and gas supply chain is likely to have to keep a lid on its rates for another couple of years as the market remains “brutally competitive”, an analyst has said.
Petrofac boss says digital revolution can bring ‘whole world’ of oil jobs
Petrofac's John Pearson believes the digital transition can better the life of those working in oil and gas by offering "a whole world" of new jobs.
Oil industry urged to get motoring on Vision 2035, not split hairs
The North Sea sector needs to start making its vision for the next 17 years a reality, rather than getting bogged down in details, industry chiefs said today.
Petrofac secures £48m contract extension
Oil services firm Petrofac has today secured a £48 million, two-year contract extension on Eni's Liverpool Bay Development.
Petrofac to supply staff for South China Sea gas development
UK oil field service giant Petrofac will supply staff for a gas field project in the South China Sea as part of a three-year deal with Husky Energy's Chinese subsidiary.
Petrofac installs 10,000 tonne jacket for North Sea windfarm
Energy services giant Petrofac has installed a gamma jacket weighing more than 10,000 tonnes for a North Sea wind farm.
Petrofac bosses’ pay packs challenged at AGM
Petrofac investors delivered a sizable revolt over bosses’ pay at the energy service company’s annual general meeting in London yesterday.
Walter Thain to head up Three60 Energy’s North Sea operations
A fledgling energy service group today announced the appointment of Walter Thain as its North Sea chief executive.
Petrofac boss to laud ‘solid results’, outgoing chairman at AGM
Petrofac boss Ayman Asfari is to tell shareholder at the company's annual general meeting today that "solid full year results" were achieved as he thanks outgoing chairman, Rijnhard van Tets.
Petrofac secure deal to support six UK offshore wind farms
Offshore engineering and traditional oilfield services company Petrofac has signed a watershed agreement to provide engineering services to six UK wind projects.
Petrofac sells deepwater vessel project to Chinese yard for £135m
Oil service company Petrofac has agreed to sell the JSD6000 offshore vessel project to Shanghai Zhenhua Heavy Industries Co (ZPMC).
Significant gender pay gap found within largest north-east energy firms
North-east energy firms have pledged to address the gap between the average pay of men and women in the sector.
Managing change all in a day’s work for ICR’s Bayliss
Bill Bayliss knows a thing or two about change.