Oil services firms under pressure as Scot Gov says to ‘sever links’ with Russia
Oil and gas services firms are under increasing pressure to cut links with Russia, in a bid to ratchet up economic pressure in the wake of Russia’s invasion of Ukraine.
Petrofac
From strategy to construction, the next step for hydrogen
Questions of green or blue hydrogen are by the by, there is a major need for construction to get under way in order to achieve net zero participants at the fourth episode of Hydrogen – Tracking Transition said recently.
Petrofac signs floating offshore wind tie up with Seawind
Petrofac has signed a memorandum of understanding (MOU) with Seawind Ocean Technology, the developer of a unique floating offshore wind energy system.
Ithaca Energy and Hibiscus go with Piper Bravo for new North Sea project
The Piper Bravo platform is being moved ahead as the preferred option to develop a joint Hibiscus and Ithaca Energy project in the North Sea.
Big developments brewing in UK hydrogen
Hydrogen is remarkable. The lightest and most abundant of all elements, it is non-toxic, non-corrosive and, when used as a zero-carbon fuel, emits nothing but water vapour and warm air. It is destined to play an important role in the decarbonisation of the world’s economies. But how do we move from hydrogen theory to hydrogen reality?
Petrofac picked for green hydrogen studies on Sakhalin
Energy services group Petrofac (LON:PFC) has won its first new energy-focused project in Russia, securing a three-year consultancy framework agreement for the early engineering phases of the first wind-to-hydrogen development on Sakhalin Island.
Petrofac secures two contracts worth around $100m for work in India
Petrofac (LON: PFC) has landed two contracts with India’s largest private oil and gas exploration company.
Stena Drilling lands deal with Petrofac as Gannet E expansion project progresses
Stena Drilling has won work for a drilling campaign with Petrofac in the UK North Sea for Tailwind’s expansion of the Gannet E field.
Petrofac boss joins OGUK board
Trade body Oil and Gas UK (OGUK) has appointed the chief operating officer of new energy services at Petrofac to its board.
Petrofac bags five-year UK well management deal with NEO Energy
Petrofac has landed a five-year well management contract extension with NEO Energy, covering five offshore fields in the UK North Sea.
‘Bubble’ burst: Flats plans for former Petrofac HQ in Aberdeen rejected
Plans to build flats in the partly-demolished shell of a former Aberdeen oil headquarters have fallen at the first hurdle.
Unite demands Scottish Government support over CNR International’s ‘draconian’ vaccine mandate
A leading union has appealed to the Scottish Government over the introduction of mandatory vaccinations by a North Sea operator.
Former Shell chairman Holliday joins ex-Petrofac boss Asfari at Venterra
Ex-Petrofac chief executive Ayman Asfari has snapped up the former chairman of Shell for his offshore wind business Venterra Group.
Petrofac makes senior appointment to drive offshore wind offering
Petrofac has appointed a new head of offshore wind operations and maintenance to bolster its offering in new energies.
Peterson secures HKZ grid logistics contract with Petrofac
Peterson has been awarded a logistics contract from Petrofac to support the offshore installation phase of two 700 megawatt (MW) transformer platforms for TenneT’s Hollandse Kust Zuid (HKZ) offshore grid.
Botched Unaoil bribery case prompts calls for SFO reform
A London ruling that heavily criticised the behavior of the country’s top fraud cops capped a tough year for the Serious Fraud Office (SFO) that saw prosecutions crumble and a conviction quashed.
Scotland’s largest offshore wind farm hits latest milestone with installation of 5,100 tonne jacket
Construction of what will become Scotland’s largest offshore wind farm has reached its latest milestone.
Petrofac brings in Island Drilling for Orlando workover
Island Drilling has secured a new contract with services group Petrofac to conduct a workover on Tailwind Energy’s Orlando field next year.
Neptune Energy awards Petrofac two-year extension for work on Cygnus
Energy services giant Petrofac has secured a contract extension with Neptune Energy for work on the Cygnus field.
Petrofac warns of further Covid disruption as projects take a hit
Petrofac (LON: PFC) has warned that its financial results for 2021 will be impacted by Covid-19 as project schedules and costs take a hit.
Former Petrofac executive ordered to pay £140,000 over bribery case
A former Petrofac executive has been ordered to pay £140,000 over bribery offences in the Middle East.
Hundreds of North Sea workers to transfer as Bilfinger and Global E&C launch new company
Hundreds of North Sea workers are understood to be transferring to a new joint venture company between Bilfinger UK and Global E&C after a major contract win.
Petrofac: Making meaningful progress towards a lower-carbon future
Jon Carpenter, Vice President of New Energy Services at Petrofac, looks back on a year defined by innovation, new thinking, and a firm commitment to working together, to support the transition to a lower-carbon future.
EnerMech secures three-year contract extension with Petrofac
EnerMech has confirmed a three-year extension to its equipment rental deal with Petrofac, taking the two companies’ working relationship beyond the ten-year mark.
Former CEO Asfari increases Petrofac stake by £27million in new share issue
Former Petrofac boss Ayman Asfari has increased his holdings in the company, as part of a £200m share offer to pay debt and bribery fines.