Petrofac ‘cut off from key markets’ after Adnoc suspension
Petrofac has been cut off from three of its “largest and most promising” oil markets globally after being suspended from Adnoc tenders, according to new analysis.
Petrofac
3t Energy secures services of former EY leader
3t Energy has appointed a new finance director for its training division with the goal of driving “ambitious” global growth plans.
Petrofac secures contract extension worth £57m for work in Iraq
Energy services giant Petrofac has secured a one-year contract extension worth around $80 million (£57m) with a “key client” in Iraq.
Wood earmarks $196million for bribery case settlements, agrees deal with Scottish authorities
Wood, the Aberdeen-headquartered energy services giant, has earmarked $196million in order to settle bribery cases with authorities in the US, Brazil and the UK.
Petrofac suspended from competing for Adnoc contracts amid SFO investigation
Petrofac has been suspended from tendering for Adnoc contracts as a Serious Fraud Office (SFO) bribery investigation rolls on.
Taskforce confident of decommissioning activity ramp-up despite apparent loan snub
The joint heads of a taskforce are “absolutely confident” the group’s work will help stimulate an imminent ramp-up in North Sea oil-well decommissioning activity.
Oil supply chain can ‘have cake and eat it’ despite fossil fuel export policy changes
An industry chief is optimistic that government policies axing support for fossil-fuel-related export activity still give scope for the oil sector to “have its cake and eat it”.
EnerMech lands string of UK contracts worth ‘tens of millions’ of pounds
Aberdeen-headquartered engineering firm EnerMech has won a string of contracts for its UK operations worth “tens of millions” of pounds.
Tailwind eyes new pipeline to boost Gannet E output
UK oil and gas firm Tailwind Energy intends to install a second pipeline to increase production from the Gannet E field in the UK central North Sea.
Flats plans for £1.5m former oil and gas HQ in Aberdeen
An empty Aberdeen office building - recently valued at £1.5 million - could be partially demolished to make way for flats.
Petrofac integrates Kuwaiti control centre
Petrofac has completed the integration of Kuwait Oil Co.’s (KOC) new Crude Oil Control Centre.
New deal for North Sea workers ready for sign-off as union members show support
Trade union members have voted in favour of a new collective bargaining agreement covering thousands of North Sea workers.
Updated: 3t Energy to buy Petrofac training centres in Aberdeen and Montrose
Private-equity backed 3t Energy Group has inked a deal to buy Petrofac’s training centres in Aberdeen and Montrose.
Oilfield service firms at ‘strategic crossroads’ as energy transition accelerates, PwC says
Oilfield service (OFS) companies must decide now whether they are going to stick with hydrocarbons or pivot to low-carbon, a new report said.
Repsol Sinopec, Petrofac and TechnipFMC team up to offer quicker and cheaper tiebacks
A new alliance has been formed giving North Sea oil firms a quicker and cheaper means of developing their fields using platforms owned by Repsol Sinopec Resources UK (RSRUK).
North Sea firms see shares jump on oil price rally
North Sea operators including Shell, BP, EnQuest and Premier Oil have all seen their shares jump in light of the oil price rally.
Petrofac wins its first Australia decommissioning contract
Petrofac has won its first contract for decommissioning work in Australia after building a track record in the UK.
Stork agrees to sign up for new North Sea deal
Energy service firm Stork has become the latest company to pledge its support for a newly-drafted collective bargaining deal for North Sea workers.
Petrofac clinches deals worth £220m in Oman
Energy service firm Petrofac has clinched two contracts worth a total of £220 million through Petroleum Development Oman (PDO).
Unions seek members’ views on ground-breaking new North Sea deal
Trade unions have launched a survey seeking feedback from members on a “ground-breaking” collective bargaining agreement that would cover thousands of North Sea workers.
Petrofac postpones full-year results due to Covid restrictions
UK-headquartered energy service firm Petrofac has pushed back the publication of its full-year 2020 results to mid-April.
Petrofac wins ‘enhanced’ North Sea contract with Ineos FPS
Petrofac has been awarded an “enhanced” five-year deal with Ineos FPS (Forties Pipeline System) in the North Sea.
Stena Drilling bags Petrofac North Sea contract
Stena Drilling has won a new North Sea contract with Petrofac.
Former senior Petrofac boss pleads guilty to further bribery charges
A former senior boss at Petrofac has pleaded guilty to further charges of bribery in a Serious Fraud Office (SFO) investigation related to contract wins worth billions of dollars.
Petrofac completes gas storage plant for SNOC
Sharjah National Oil Corp. (SNOC) has launched its new gas storage project, constructed by Petrofac.