Petrofac boosts headcount with 3,000 hires
A strong activity pipeline is recovering headcount numbers after a cull during Covid.
Petrofac
Petrofac awarded multi-million pound North Sea decommissioning contract by Saipem
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.
Unite union and Petrofac end pay dispute over ‘clawback’ policy
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 wins $100m contract extension with Repsol Sinopec
Petrofac (LON: PFC) has been awarded a three-year contract extension with Repsol Sinopec Resources UK worth more than $100m.
Petrofac clinches $600m Habshan CCUS contract with ADNOC
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.
Dozens of Petrofac workers to strike on Ithaca assets after ‘clawback’ offer rejected
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.
Workers on EnQuest’s Kittiwake platform balloted for strike action
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 backlog swells after ‘strongest period for new awards in many years’
Petrofac’s (LON: PFC) order backlog has nearly doubled in recent months after its “strongest period for new awards in many years”.
Dozens of North Sea Petrofac workers to strike in dispute over pay
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.
Petrofac wins FPSO work from CNR International
The initial contract will run for three years. Petrofac did not disclose the value of the contract, beyond describing it as “multi-million pound”.
Petrofac workers on Ithaca platforms to ballot on strikes
Dozens of Petrofac (LON: PFC) offshore workers onboard Ithaca Energy (LON: ITH) platforms are to ballot on strike action.
Valaris 121 returns to North Sea for first time since worker went missing
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 takes Adnoc EPC prize at Habshan
“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 expects E&C losses in H2 despite growing order book
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 signs £250 million field extension contract with NEO Energy
Petrofac has signed an extension to its integrated services contract with NEO Energy worth £250 million.
Petrofac workers on BP North Sea assets secure pay rise
The Petrofac workers based on BP assets that have been locked in an ongoing industrial dispute over pay have secured a 9% pay rise.
Over 100 Petrofac and Wood staff to resume strike action next week
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 confirms signing of $1.5bn EPC Algeria petrochemicals deal
Petrofac (LON: PFC) has confirmed the signing of a $1.5bn deal for a petrochemical complex in Algeria.
Petrofac wins O&M contract extension for FPSO
Valeura is carrying out refurbishment work on the FPSO, worth $9mn. This is intended to ensure ongoing reliability and extend its class certification.
How does the new Petrofac CEO’s pay package stack up to his predecessor?
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?
Petrofac JV wins $1.5bn contract for Algeria petrochemical plant
A Petrofac (LON: PFC) joint venture with China has won a $1.5bn contract for a petrochemicals plant in Algeria.
1,200 North Sea workers launch second wave of strike action
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 2022 results ‘severely impacted’ by E&C challenges
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.
1,300 North Sea workers launch strikes in ‘biggest offshore stoppage in a generation’
Unite says the North Sea strikes could bring platforms to a standstill, though this has been played down by operating companies.