Petrofac to bid for Aramco gas plant expansion, report says
International engineering firms have submitted bids to expand Saudi Aramco's Hawiyah gas plant, a news report said.
Petrofac
Petrofac and Energy Institute to become study partners
With the aim of improving maintenance management performance across the oil and gas sector, Pertofac have been awarded a research project by the Energy Institute’s Process Safety Committee.
Growth and innovation focus for suppliers at OGUK share fair
Oil and Gas UK's (OGUK) next "share fair" will be focused on the possibility of growth and innovation within the energy sector.
Petrofac clinches $100m Iraq contracts
Oilfield service firm Petrofac has tied up a contract extension and a new award worth more than $100million in Iraq.
Petrofac says profits to be weighted in the second half of the year
Petrofac this morning confirmed its net profit for the first half the year is expected to be between $135million and $145million.
Petrofac wins $35m Kuwait deal
Petrofac has landed a $35million contract in Kuwait.
Petrofac extends Oman alliance
Petrofac will provide a range of engineering services on major oil and gas projects for Petroleum Development Oman (PDO) as part of a 10-year deal.
Moody’s downgrades Petrofac due to fraud investigation
Moody’s has downgraded Petrofac’s rating after an investigation into fraud at the oil service company was opened.
Opinion: Petrofac shows the heavy price of reputational risk
When a regulator or fraud-buster targets a company for investigation, a financial penalty is often around the corner. In the case of British oil services firm Petrofac, it's the reputational risk that's looking pricier than the potential fine.
Updated: Bentham Ventures mulls shareholder action against Petrofac
Bentham Ventures this morning said it was contemplating legal proceedings against Petrofac on behalf of its shareholders.
Petrofac, Wood Group, Amec FW hit by Unaoil scandal
Shares of UK-listed oil field services companies slumped dramatically yesterday over concerns linked to bribery, corruption and money laundering emerged.
Petrofac clinches Iran contracts worth $70m
Oilfield service firm Petrofac has won a series of contracts worth more than $70million in Iran.
Union says ‘no new talks’ with OCA over rejected pay offer
Offshore trade unions intend to serve North Sea employers with strike ballot notices in the coming weeks with no sign of talks on the horizon, it is understood.
£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.
The EIC appoints Petrofac’s Tony Brady to the board
The Energy Industries Council (EIC) has of Petrofac’s business development manager Tony Brady to its board.
Exclusive: Revolutionary North Sea scheme will emulate football free transfers in bid to save jobs
The North Sea oil and gas industry is looking to a football-style loan transfer scheme to resolve skills shortages after it emerges from a long and brutal downturn.
Interview: Petrofac still banks on North Sea, says chief
The mature North Sea basin remains a "core market" for slimmed down oil and gas services firm Petrofac.
Petrofac’s CFO – ‘we delivered positive results in 2016’
Petrofac's chief financial officer has hailed the slimmed down company's "positive results in 2016" as a result of careful restructuring.
Petrofac posts net profit of $421million, reduces headcount by 29%
Petrofac’s chief executive today said the service firm now has the “right-sized” business to remain competitive.
Petrofac wins $25million BP North Sea deal
Petrofac has landed deal with BP for its North Sea assets.
Petrofac in Oman $600million win
Petrofac has landed a $600million deal in Oman.
Unite, GMB preparing North Sea strike ballots
Two trade unions are preparing strike action ballots in an effort to press North Sea employers for an agreement on workers’ pay and conditions.
Petrofac to record $410m in profit after cutting 25% of its staff
Petrofac today said it expects to record $410million in net profit for 2016.
Petrofac nets $75m contract with South Oil Company for Iraq work
Petrofac has won a contract worth $75million from South Oil Company (SOC) for its Iraq Crude Oil Export Expansion Project (ICOEEP).
Petrofac handed $70m contract extension for Cygnus work
Petrofac has netted a contract extension worth about $70million to provide a range of services on the Cygnus gas field in the southern North Sea.