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.
energy services
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.
TechnipFMC announces plan to cut spending by a third due to coronavirus
Energy services firm TechnipFMC has announced a reduction in spending of more than 30% in response to the coronavirus outbreak.
Bilfinger UK decides to offer coronavirus furlough scheme days after cutting jobs without support
Bilfinger UK has said it will offer the option for the government’s coronavirus furlough scheme, days after terminating onshore workers without support.
Subsea 7 facing ‘significant headwinds’ and withdraws 2020 guidance
Subsea 7 has warned of “significant headwinds” from the dual impact of the coronavirus and plummet in oil price.
Stats Group looks to North star for new chief operating officer
Aberdeenshire-headquartered Stats group has appointed a 40-year engineering veteran as its new chief operating officer.
Wood shares climb on prediction of increase to annual earnings
Shares in Aberdeen-headquartered energy services firm Wood climbed this morning as at predicted a surge in its annual earnings.
SSE clears way for renewables with completion of £500m deal with Ovo Energy
UK energy giant SSE has confirmed it will complete the £500 million sale of its energy services arm to Ovo Energy today, clearing the way for the firm to focus on its renewable energy portfolio.
Fluor posts £574 million loss in third quarter amid company overhaul
Dallas engineering, procurement and engineering company Fluor posted a nearly three-quarter billion dollar loss during the third quarter amid a company-wide overhaul.
Aker Solutions warns of earnings and revenue drop in 2020
Aker Solutions has warned that revenue and earnings are expected to dip next year as it fights for work in a “very competitive market”.
Impairments cut Halliburton’s pre-tax earnings in half
Pre-tax earnings at Halliburton were nearly halved in the first nine months of 2019 amid asset impairments and write-downs of its Venezuelan investments.
New boss to oversee EnerMech bid to double turnover in Americas
Aberdeen-headquartered EnerMech has appointed a new Americas chief as it seeks to double headcount and turnover in the region.