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.
Petrofac
Petrofac extends relationship with Mubadala Petroleum for Jasmine field
Petrofac has extended its relationship with Mubadala Petroleum with the award of new and modified contracts related to the floating production, storage and offloading vessel (FPSO) in the Gulf of Thailand.
Petrofac make changes to board, appoints new CFO
Petrofac said it has made changes to its board of directors.
Petrofac saves Tullow $2.5million on North Sea decommissioning job
Energy services firm Petrofac said today it had saved Tullow Oil $2.5million on a well decommissioning job in the southern North Sea.
Petrofac to train up staff for Statoil North Sea projects
Petrofac has scooped a deal to provide a range of training services for staff working on Statoil’s key projects in the North Sea.
Petrofac denies plans to exit Tunisia over protests
Petrofac is remaining tight-lipped on reports it plans to leave Tunisia if protests over jobs continue, according to reports.
Petrofac wins North Sea offshore windfarm work
Petrofac landed a deal for an offshore windfarm development.
North Sea decommissioning opportunities revealed at OGUK event
A trio of oil and gas companies told the North Sea supply chain how to get involved in decommissioning projects at an event in Aberdeen this week.
Petrofac’s finance chief reflects on “a lot of mileage”
Petrofac chief financial officer (CFO) Tim Weller said yesterday he was leaving the company with “a powerful franchise at its heart” as it recovers from the slump in oil prices.
Ithaca’s FPF-1 arrives at Greater Stella Area
The FPF-1 (Floating Production Facility) for the Greater Stella Area is now on location in the North Sea.
Petrofac takes loss on Laggan Tormore but profits up
Petrofac has seen a return to profit despite booking a loss on the Laggan-Tormore project.
Petrofac chief financial officer to join G4S
Petrofac’s chief financial officer will leave the oil service company after being poached by security group G4S.
Petrofac finds no wrongdoing by board in Unaoil corruption probe
Petrofac said an internal investigation into its board related to historical provision of services to company by Unaoil has found no wrongdoing of any director.
Former Hess director to join Petrofac team
Petrofac has appointed a former director at Hess Corporation as senior vice president of engineering and operations.
Petrofac ends Berantai contract with Petronas
Petrofac said it has reached an agreement with Petronas to bring its Berantai Risk Service Contract (RSC) to an end.
Petrofac snaps up West of Shetland job from Hurricane Energy
Hurricane Energy has appointed Petrofac well operator for its West of Shetland operations.
Ithaca secures pipeline access deal for Greater Stella production
Ithaca Energy has secured access to a major oil export pipeline allowing it to transport future production from its Greater Stella Area development project in the UK North Sea, at a cost of around $20million, with first production slated by September.
Petrofac’s net debt hits $1.1billion
Petrofac's pre-closing statement today revealed its net debt had hit $1.1billion.
Petrofac wins $100million North Sea deal, secures 150 jobs
Petrofac has landed a North Sea contract win with Total, securing the future of 150 jobs.
Petrofac named as duty holder for BP’s Miller platform
Petrofac has been awarded a Duty Holder contract from BP to support the late life management of the Miller platform, located in the Central North Sea.
Petrofac staff raise cash for Aberdeen’s Special Nursery
Staff at Petrofac in Aberdeen have raised more than £42,000 to help premature and sick babies at Aberdeen Maternity Hospital.
Oil Industry welcomes Canadian court ruling on indigenous rights
Canada’s foremost oil-sector lobby group says a decision by the country’s highest court on indigenous rights will strengthen communities.
Exclusive: Petrofac facing legal dispute over Laggan-Tormore bonuses
Petrofac is facing a legal battle over claims it has withheld hundreds of thousands of pounds in bonus payments from workers on its gas plant in Shetland. Contractors on the £800million Laggan-Tormore plant claim the oil and gas services giant has repeatedly fobbed off attempts to pay out bonuses worth up to £250,000. Tavish Scott, the Scottish Liberal Democrats’ Shetland candidate, weighed into the row, labelling the situation “unacceptable” and demanded that Petrofac pay the bonuses.
Petrofac said to be investigating £1.4m bribery allegations against ex-director
Energy service group Petrofac is investigating bribery allegations against one of its former directors. The firm took the step after leaked documents were brought to its attention indicating that Peter Warner had authorised “confidential payments” worth £1.4million to win a contract in Kuwait. The documents include an email exchange in 2007 appearing to show Mr Warner, who was Petrofac’s executive vice-president of sales and marketing, requesting payments using a code which substituted the word “millions” for “metres”.
Bristow Helicopters begins first North Sea flights for Petrofac
Bristow Helicopters has commenced flights for Petrofac in the North Sea.