Petrofac, Summit, Xodus join Bacton Energy Hub
Energy players sign up to drive project to create a low-carbon energy hub for London and the South East.
Petrofac
Petrofac lands $96million EPCC contract for Petronas gas facility
Petrofac (LON: PFC) has won a $96million contract with Petronas to build a new onshore gas plant in the Malaysian state of Sarawak.
North Sea strikes averted as Petrofac reaches pay deal with Unite
Strikes have been averted after Unite the union reached a pay deal with Petrofac covering around 100 North Sea workers.
Former Petrofac CEO Asfari snaps up Scots offshore wind business
Scottish firm FoundOcean has been acquired by Venterra Group, a new wind energy services company set up by former Petrofac CEO Ayman Asfari.
Energy industry heavyweights raise the virtual curtain on COP26
North Sea heavy hitters have raised the virtual curtain on COP26 ahead of the landmark conference getting underway in Scotland next week.
Petrofac falls deeper into losses as bribery fine and ‘challenging conditions’ prevail
Petrofac fell deeper into pre-tax losses in the first half of 2021 as “challenging market conditions” and a fraud squad fine continued to impact the business.
Petrofac to fundraise £200million to pay for SFO bribery settlement
Petrofac (LON: PFC) has announced a £200million fundraise through share placing in order to help pay a Serious Fraud Office (SFO) fine for bribery offences.
Dozens of Petrofac workers on CNR International platforms vote to down tools
Scores of Petrofac workers have voted in favour of strike action in an ongoing dispute over pay.
Petrofac eyes Russian expansion via Gazprom deal
Petrofac has signed up to a strategic partnership with Gazprom, with the aim of establishing itself in Russia.
ECITB, Petrofac and Scottish universities team up on energy transition leadership training
A new ECITB postgraduate training programme to prepare the next generation of industry leaders with the knowledge and skills to deliver the energy transition is underway.
End of Petrofac investigation will unlock ‘lucrative’ Saudi and UAE markets
An investigation into allegations of bribery at Petrofac, which wrapped up yesterday, “will unlock the lucrative” Saudi Arabia and United Arab Emirates (UAE) markets.
Petrofac fined £77 million for failing to prevent bribery
Petrofac (LSE: PFC - 192.4p) has been ordered to pay £77 million over seven separate counts of failure to prevent bribery between 2011 and 2017.
Petrofac and Serious Fraud Office fight over fine after guilty bribery plea
The Serious Fraud Office (SFO) has said Petrofac should face a $209million (£154m) fine for pleading guilty to seven bribery offenses, about double what the company said it can afford at a London court hearing.
Updated: Petrofac charged with seven separate offences of failing to prevent bribery, intends to plead guilty
Energy services giant Petrofac has been charged with seven separate offences of failing to prevent bribery between 2011 and 2017.
Petrofac signs strategic partnership with leading UK green hydrogen firm
Global energy services firm Petrofac has penned a strategic partnership with a leading UK green hydrogen company.
Petrofac teams up with CCS firm CO2 Capsol
Petrofac is teaming up with tech firm CO2 Capsol targeting carbon capture and storage (CCS) work across the UK, Europe and, eventually, globally.
Industry talent to be recognised at OGUK Awards as finalists announced
Some of the North Sea oil and gas industry’s biggest players, including Neptune Energy, BP and TotalEnergies, are in the running to pick up a gong at the OGUK Awards.
North Sea heavy hitters launch scheme to block unskilled labour
Major energy services companies in the North Sea have today put in place a joint initiative aimed at blocking unskilled labour in the market.
‘Collaboration not competition’ key to CCS, says industry expert
Collaboration rather than competition will “define the success” of carbon capture and storage (CCS) in the UK, an energy expert has predicted.
Petrofac signs $100m EPCC contract in Libya
Petrofac has signed an engineering, procurement, construction and commissioning contract worth more than $100 million in Libya.
New deal for North Sea workers to deliver pay rise
A new collective bargaining agreement covering thousands of North Sea workers will deliver a 2.32% pay rise from the start of next year.
Cambo operator denies jumping the gun as kayaker activists stage protest in Norway
Two activists in kayaks confronted a vessel in Norway amid suspicions that the UK Government and an oil company were set to “jump the gun” on the Cambo project, west of Shetland.
IOG spuds Blythe development well
UK based energy firm IOG has marked an “important step” with the spudding of the Blythe development well.
Critical milestone: New deal for North Sea workers comes into force at signatory firms
A new collective bargaining agreement covering around 5,000 UK North Sea workers is now in force at all signatory companies.
IOG shares drop as firm warns Elgood might produce less gas than first thought
Shares in IOG dropped by more than 10% this morning after the firm warned recovery from its Elgood gas field might not live up to expectations.