Petrofac asset sale on the cards over debt challenges
Analysts have warned that debt-laden Petrofac (LON: PFC) could sell off assets as the company looks for fresh capital to service its debts.
Analysts have warned that debt-laden Petrofac (LON: PFC) could sell off assets as the company looks for fresh capital to service its debts.
Aberdeen-based Wood (LON:WG) has appointed Jennifer Richmond to the newly created role of chief strategy officer (CSO).
Brent and Skua are seeing new life through Shell's Penguins and BP's Murlach redevelopments while doubts are cast on other redevelopments.
The Scottish Government has been accused of “dodgy sums” as two green freeport schemes are set to deliver tens of thousands fewer jobs than were initially promised.
A project that will expand UK gas storage next year has been touted as a boon for Europe’s energy security. It’s also a substantial win for the small Gulf nation of Qatar.
Danish helicopter firm Uni-Fly appears to be further expanding into offshore oil and gas operations with AW169 contracts in Spain and the Southern North Sea.