Petrofac upbeat for the future after trimming losses
Energy Services giant Petrofac (LON:PFC) is buoyant about the outlook for the rest of 2022 after trimming losses.
energy services
Three60 Energy snaps up Fraser Well Management
Nort-east firm Three60 Energy has struck a deal for well and pipeline operator Fraser Well Management.
Centurion Group forecasting a solid 2022 after reversing losses
Energy services firm Centurion Group reversed major year on year losses to finish 2021 on a solid financial footing.
Proserv shakes up top team with appointment of former RenewableUK CEO
North-east firm Proserv has announced a realignment of its top brass as it continues to pivot towards the energy transition.
Centurion Group acquires Angus-based well services firm RMEC
Energy services firm Centurion Group has completed the acquisition of Angus-based rental company RMEC for an undisclosed sum.
2,000 workers to transfer as Sparrows Group bought by Altrad
Aberdeen-headquartered Sparrows Group is being bought by industrial services giant Altrad.
Aberdeen’s Tendeka acquired by Saudi Arabian firm TAQA
Aberdeen-headquartered energy services firm Tendeka has been acquired by Saudi Arabian oilfield services company TAQA.
Hunting founding family member to leave energy services firm after 50 years
Energy services group Hunting (LON: HTG) has announced that Richard Hunting will leave the company after half a century.
McDermott International unveils new CEO
McDermott International has announced the appointment of a new chief executive and president.
Hunting announces new joint venture in India
London-headquartered energy services firm Hunting Plc (LON:HTG) has set up a new joint venture to take advantage of work in India.
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.
Technip FMC improves full-year expectations following ‘strong’ quarter
TechnipFMC has increased its full-year expectations on the back of a strong start to 2021, as well as “continued improvement” in the broader market outlook.
Updated: Shares in Wood dip after forecasted drop in revenue, firm expects bribery cases to conclude in June
Shares in energy services giant Wood have dipped after the company projected a revenue drop in the first half of the year.
Three60 beefs up EPC&C team with senior appointment
Three60 Energy has bolstered its engineering, procurement, construction and commissioning (EPC&C) division with a new senior appointment.
Proserv snaps up Dron & Dickson’s Middle East operations
Energy services firm Proserv has scooped up Dron & Dickson’s Middle East based trade and assets.
Three60 Energy bags multi-million pound funding package
Bosses at Three60 Energy are looking to target asset operators “across the globe” after a positive and prosperous last few months.
Subsea 7 cautiously optimistic after posting ‘solid’ Q1 results
Subsea 7 has warned its future results may still be “adversely affected” by Covid-19 despite a “solid” financial showing to start the year.
ICR Integrity and Milton Roy sign authorised service centre agreement
Energy services firm ICR Integrity has struck a deal worth almost a million pounds with a leading pump manufacturer.
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.
TechnipFMC ‘well-positioned’ to benefit from market improvements despite slumping to huge losses
Bosses at TechnipFMC are confident the energy services giant is “well-positioned” to benefit from the “improved market outlook” in the coming months.
Proserv opens new facilities in Scotland and Abu Dhabi after ‘seven figure’ investment
North-east energy services firm Proserv Controls said yesterday it had opened new facilities in Cumbernauld and Abu Dhabi after a “seven figure” investment.
Wood CEO predicts ‘turbulence’ ahead for key markets
The boss of Wood expects more “turbulence” ahead for markets served by the global engineering and consultancy.
TechnipFMC to cut around 60 Fife jobs in ‘hammer blow’ for workers
TechnipFMC plans to cut around 60 jobs in Fife after the price of oil and gas plummeted.
Wood targets 40% reduction in emissions by 2030
Aberdeen-headquartered energy services firm Wood has announced targets to reduce its direct and indirect emissions by 40% by 2030.
Wood says ‘employee reductions are being made’ in response to coronavirus
Aberdeen-headquartered energy services firm Wood has said “employee reductions are being made” in order to tackle the effect of the coronavirus outbreak.