A strong activity pipeline is recovering headcount numbers after a cull during Covid.
Italian oilfield services firm Saipem (BIT: SPM) has awarded Petrofac a new multi-million-pound deal to support the decommissioning of a platform in the UK sector of the North Sea.
The union representing around 85 offshore workers employed by Petrofac (LON: PFC) has announced an end to a pay dispute centred on 'clawback' entitlements.
Petrofac (LON: PFC) has been awarded a three-year contract extension with Repsol Sinopec Resources UK worth more than $100m.
ADNOC Gas has awarded Petrofac a contract for engineering and construction of one of the region’s largest carbon capture, utilisation and storage (CCUS) schemes.
Around 85 Petrofac (LON: PFC) workers will strike for six days after rejecting a pay deal the union claimed would amount to a £6,000 pay cut.
Petrofac workers stationed on the EnQuest-operated Kittiwake platform are to be balloted for strike action in a dispute over pay and so-called ‘clawback’ policies.
Petrofac’s (LON: PFC) order backlog has nearly doubled in recent months after its “strongest period for new awards in many years”.
Scores of North Sea workers employed by Petrofac (LON: PFC) are to down tools later this month as part of a dispute over jobs, pay and conditions.
The initial contract will run for three years. Petrofac did not disclose the value of the contract, beyond describing it as “multi-million pound”.
The Valaris 121 arrived in Dundee in January – where it remained until earlier this week – two days after a worker on board was reported missing.
“Petrofac has a long and strong track record supporting Adnoc in the UAE, rooted in our steadfast commitment to maximising local delivery, investing in the local supply chain, and developing local teams," said Petrofac Engineering & Construction COO Elie Lahoud.
Petrofac (LON: PFC) has warned of losses from “onerous” contracts in its Engineering and Construction division (E&C) in its upcoming half-year results.
Petrofac has signed an extension to its integrated services contract with NEO Energy worth £250 million.
The Petrofac workers based on BP assets that have been locked in an ongoing industrial dispute over pay have secured a 9% pay rise.
Striking will return to the North Sea as 130 Petrofac and Wood staff are to down tools next week in disputes over working conditions and pay.
Petrofac (LON: PFC) has confirmed the signing of a $1.5bn deal for a petrochemical complex in Algeria.
Valeura is carrying out refurbishment work on the FPSO, worth $9mn. This is intended to ensure ongoing reliability and extend its class certification.
At the beginning of this year former Petrofac (LON: PFC) chief executive stood down as Tareq Kawash took over, however, has the current boss landed a better package than his predecessor?
A Petrofac (LON: PFC) joint venture with China has won a $1.5bn contract for a petrochemicals plant in Algeria.
North Sea workers employed by Wood, Petrofac, Stork and Sparrows, have downed tools as part of a second wave of strike action coordinated by Unite the Union.
‘Capacity, capability, competitiveness’: Petrofac boss remains optimistic on North Sea energy transition
A growing pipeline of work in new energies will help Petrofac shrug off last year’s losses but more supply chain collaboration is vital.
Petrofac (LON: PFC) has released its 2022 full-year results, which new CEO Tareq Kawash said are “severely impacted” by challenges in its engineering and construction (E&C) division.
Unite says the North Sea strikes could bring platforms to a standstill, though this has been played down by operating companies.