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
Petrofac wins £142million EPC contract in India
Oilfield services giant Petrofac has won a $200million (£142million) engineering, procurement and construction (EPC) in India.
Petrofac ink Gulf deal totalling £420million
A substantial oil deal with a Middle East GCC National Oil Company has been announced by Petrofac totalling £420million.
Influx of newcomers a ‘terrific dynamic’ for North Sea, Petrofac says
Bosses at Petrofac said yesterday that the oilfield service giant was “well placed” to capitalise on the influx of new companies in the North Sea.
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 wins multi-million dollar well operator contract
Aberdeen-headquartered firm Petrofac has today announced a significant multi-million dollar contract for the next phase of Tullow Oil’s Thames Decommissioning project.
UK Serious Fraud Office continue to interview Petrofac bosses
Energy service firm Petrofac has confirmed that it is still under investigation for suspected bribery, corruption, and/or money laundering.
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.
Petrofac wins North Sea Captain work
Petrofac has landed a North Sea deal for a suite of Chevron's assets.
Opito event looks to encourage more girls into energy
Events are to be held next week in an effort to encourage more young women into the oil and gas industry.
Petrofac wins rotating equipment contract with Chrysaor
Oil and gas firm Petrofac have announced the award of a North Sea Rotating Equipment Management Services contract with Chrysaor.
Peterson ready to expand new North Sea vessel pool scheme
Energy logistics company Peterson said yesterday that it intends to expand a new, cost-saving, central and northern North Sea (CNNS) vessel pool scheme to include more partners.
Petrofac confirms exit of director Thain
Energy service company Petrofac confirmed today that one of its Aberdeen directors was leaving the company.
Petrofac converts contact into block interest
Petrofac today confirmed it had completed the migration of the Santuario Production Enhancement Contract (PEC) into an interest in a Production Sharing Contract (PSC).
Petrofac portfolio ‘in good shape’, CEO says
Petrofac's chief executive said today that the energy service firm's portfolio is in good shape and that its net debts would be in line with expectations at year-end.
Petrofac wins $160million contract in Iraq
Petrofac has landed a $160million contract with South Oil Company, for its Iraq crude oil export expansion project.
Petrofac awarded $800million Khazzan contract in Oman
Oilfield services company Petrofac has been awarded an $800million lump-sum contract by BP for Phase 2 of the Khazzan gas development in the Sultanate of Oman.
Petrofac looking for North Sea exit door, report says
Energy service firm Petrofac is mulling an exit from the North Sea to help reduce its debts, a news report said.
Petrofac and SOCAR announce joint venture
Petrofac’s Training Services business and the State Oil Company of Azerbaijan (SOCAR) have today agreed terms to form a joint venture.
Petrofac appoints former Amec boss to leadership team
Petrofac today confirmed it has named John Pearson to the new role of chief corporate development officer and group managing director, Western Hemisphere, with immediate effect.
Petrofac signs deal with Gazprom
Petrofac has signed a three year deal with Gazprom Neft Middle East.
Petrofac wins North Sea Culzean work
Petrofac has landed a North Sea deal with Maersk Oil.
Petrofac profits rise despite hefty impairment on Stella
UK energy service firm Petrofac reported an upturn in first-half profits, but had to book a hefty impairment on a North Sea development.
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.
Petrofac sells Mexico contract to Schlumberger
UK-based energy service firm Petrofac has sold its 50% stake in Petro-SPM Integrated Services to Schlumberger.