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”.
The Oil and Gas Authority (OGA) is planning a year-long trial to tackle the “bugbear” of late payments for North Sea suppliers.
Petrofac is expecting areas of its business to “bounce back” in 2021, according to a UK boss, as it handles the effects of Covid-19.
Petrofac is working on a “more aggressive” approach to replace its climate targets which are “well out of date”, according to a UK boss.
It is no accident that those traditional oil and gas companies which shifted investment and skills towards the renewable energy market are the same firms now celebrating big offshore wind contracts.
Petrofac has announced new contracts and extensions in the North Sea and Malaysia worth £93m, as well as an acquisition marking its entry to the US onshore services market.
A Petrofac boss claimed “this year will be better than last year” for the company after it posted bumper profits yesterday.
Petrofac has launched a new facility to take advantage of the “enormous potential” of digital technology to benefit the North Sea and wider oil and gas sector.
Petrofac's John Pearson believes the digital transition can better the life of those working in oil and gas by offering "a whole world" of new jobs.
Petrofac today confirmed it has named John Pearson to the new role of chief corporate development officer and group managing director, Western Hemisphere, with immediate effect.