‘Capacity, capability, competitiveness’: Petrofac boss remains optimistic on North Sea energy transition
A growing pipeline of work in new energies will help Petrofac shrug off last year’s losses but more supply chain collaboration is vital.
Petrofac
Petrofac 2022 results ‘severely impacted’ by E&C challenges
Petrofac (LON: PFC) has released its 2022 full-year results, which new CEO Tareq Kawash said are “severely impacted” by challenges in its engineering and construction (E&C) division.
1,300 North Sea workers launch strikes in ‘biggest offshore stoppage in a generation’
Unite says the North Sea strikes could bring platforms to a standstill, though this has been played down by operating companies.
Petrofac issues profit warning ahead of 2022 full-year results
Energy services giant Petrofac (LON: PFC) is tempering expectations ahead of the publication of its full year results for 2022, slated for April 25.
New Petrofac CEO Kawash formally takes over
The new CEO of Petrofac (LON: PFC) has formally taken the top job today.
Petrofac workers on BP assets take strike tally to 1,500
The strike action set to hit the Nort Sea has grown as Petrofac Unite Union members on BP installations have voted to take industrial action.
North Sea braced for strikes as ballots close for 1,000 workers
The North Sea is bracing for a wave of strikes as ballots close today for more than 1,000 offshore workers.
ICR secures major North Sea contract with Petrofac
ICR Integrity has secured a significant renewal with services giant Petrofac worth more than £1 million per year and covering assets across the North Sea.
Over 1,000 North Sea workers to vote on strikes as multiple ballots open
Multiple strike votes, covering hundreds of oil and gas workers employed by some of the North Sea’s biggest contractors, officially open today.
Petrofac workers on BP North Sea assets begin fresh round of strikes
Offshore workers employed by Petrofac (LON: PFC) and stationed on North Sea assets operated by BP (LON: BP) have begun a fresh round of strikes.
‘High interest’ in Hartshead’s Southern North Sea gas plays
Hartshead Resources says it has received “high interest” from parties keen to partner up on a pair of UK gas fields.
Petrofac workers on BP assets resume strikes after talks break down
Petrofac (LON: PFC) employees on a host of BP (LON: BP) North Sea assets downed tools this morning after negotiations stalled.
Update: IOG shares plummet on further Southwark delays
IOG (AIM:IOG) has encountered further setbacks at its Southwark field as low flow rates and produced water volumes slow progress.
Over 200 Petrofac workers to receive £18k pay increase after accepting offer
Dozens of offshore workers are to benefit from a hefty pay increase after a long-running dispute was brought to an end.
Valaris lands a series UK North Sea contracts
Rig operator Valaris has unveiled a series of new contracts and extensions in the UK North Sea.
Petrofac workers begin new round of strikes across North Sea assets
Petrofac workers will down tools for 48 hours at a series of BP and Repsol Sinopec assets across the North Sea today, as disputes over pay and rota patterns show no sign of resolution.
Dozens set to strike in the North Sea this week
From Thursday dozens of workers will be taking strike action on Repsol Sinopec and BP (LON: BP) North Sea installations.
Strikes to hit BP and Repsol Sinopec North Sea platforms as Petrofac workers down tools
A raft of fresh North Sea strikes – that will impact more than a dozen assets operated by Repsol Sinopec and BP (LON: BP) - have been announced.
Petrofac shares take a hit on $100m losses announcement
Analysts weigh-in on Petrofac’s dire news and the road ahead.
Petrofac predicts losses of $100m for 2022
Petrofac (LON: PFC) has warned it will report losses of around $100m in 2022 due to “challenges” linked to its engineering and construction (E&C) arm.
Petrofac secures FEED work on Hartshead’s Somerville, Anning fields
Petrofac (LON:PFC) has secured a brace of new contracts from Hartshead Resources for work to develop its southern North Sea gas fields.
Petrofac lands EPC contract with ADNOC in the UAE
The UK-based Petrofac (LON: PFC) has secured an engineering, procurement and construction (EPC) lump-sum contract with ADNOC in the United Arab Emirates (UAE).
Pictures emerge of offshore worker strikes in North Sea
Pictures have been released of offshore workers who are carrying out strikes on BP and Repsol Sinopec platforms in the North Sea.
Hundreds of North Sea workers launch new strikes on Repsol Sinopec and BP platforms
Unite says its members will stick to their guns as a new round of work stoppages commence on North Sea assets, in what the union has called an “increasingly bitter dispute” over pay and conditions.
The Energy Voice guide to North Sea strike action
Spiralling living costs coupled with record profits for energy producers have fuelled a series of increasingly bitter disputes between operators and workers throughout 2022.