Petrofac makes senior appointment to support renewables growth
Petrofac has made a senior UK appointment to support the continued growth of its renewables offering.
Petrofac
Original ‘dunk’ simulator designer reflects on start of something big at RGU
“It was very much a large bean can, but it became more sophisticated,” Alex Urquhart said of the simulator he designed.
EI young professionals network celebrates decade supporting future energy leaders
The Energy Institute (EI) Aberdeen Young Professionals Network (YPN), a networking group which develops the skills and energy sector knowledge of those in the early stages of their careers, is celebrating its 10-year anniversary in May.
Pale Blue Dot and Petrofac receive £250k to boost direct air capture project
A low carbon technology project, which is being developed by a leading north-east clean energy firm, has been awarded a grant worth almost a quarter of a million pounds.
Aubin project manager prevails in Decom Awards rising star category
A project manager at a north-east firm shined brightest out of a trio of budding decommissioning experts to win a prestigious award today.
Petrofac: Asfari takes pay cut in final year as CEO
Former Petrofac CEO Ayman Asfari took a double-digit percentage pay cut in 2020, a year blighted by Covid, loss of work and an ongoing SFO investigation.
Petrofac chief financial officer set for pastures new
Petrofac said today that its chief financial officer, Alastair Cochran, will leave the energy services firm.
Petrofac wins BP work offshore Mauritania-Senegal
Petrofac has won a contract from BP for work on operational procedures at the Greater Tortue Ahmeyim (GTA) project, offshore Mauritania and Senegal.
Petrofac boss says confidence in North Sea market based on real activity, not hope
A boss at Petrofac said yesterday his confidence that the North Sea market is picking up in 2021 is based on real activity, rather than mere hope.
‘Force for good’: New boss determined to rebuild Petrofac reputation, firm slides into the red
Energy service firm Petrofac said today it intended to be a “force for good” in the global transition to low carbon as it rolled out a “refreshed” strategy.
Sonatrach terminates Petroceltic court, faces legal action
Sonatrach has pulled the plug on the Isarene permit, held by Petroceltic International.
Petrofac ‘thrilled’ after netting contract extension with Neo Energy
Energy service firm Petrofac today announced the award of a one-year extension to its integrated services contract with North Sea operator Neo Energy.
Advance bullish on Buffalo bonanza off East Timor
UK-listed Advance Energy has successfully raised the capital to acquire a 50% stake in the Buffalo project off East Timor. Drilling at the redevelopment project later this year is targeting a potential oil bonanza.
3t Energy confirms purchase of Petrofac’s UK training centres in ‘transformational’ deal
3t Energy Group’s deal to buy Petrofac’s Aberdeen and Montrose training centres has successfully made it across the line.
Petrofac ‘cut off from key markets’ after Adnoc suspension
Petrofac has been cut off from three of its “largest and most promising” oil markets globally after being suspended from Adnoc tenders, according to new analysis.
3t Energy secures services of former EY leader
3t Energy has appointed a new finance director for its training division with the goal of driving “ambitious” global growth plans.
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.
Wood earmarks $196million for bribery case settlements, agrees deal with Scottish authorities
Wood, the Aberdeen-headquartered energy services giant, has earmarked $196million in order to settle bribery cases with authorities in the US, Brazil and the UK.
Petrofac suspended from competing for Adnoc contracts amid SFO investigation
Petrofac has been suspended from tendering for Adnoc contracts as a Serious Fraud Office (SFO) bribery investigation rolls on.
Taskforce confident of decommissioning activity ramp-up despite apparent loan snub
The joint heads of a taskforce are “absolutely confident” the group’s work will help stimulate an imminent ramp-up in North Sea oil-well decommissioning activity.
Oil supply chain can ‘have cake and eat it’ despite fossil fuel export policy changes
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”.
EnerMech lands string of UK contracts worth ‘tens of millions’ of pounds
Aberdeen-headquartered engineering firm EnerMech has won a string of contracts for its UK operations worth “tens of millions” of pounds.
Tailwind eyes new pipeline to boost Gannet E output
UK oil and gas firm Tailwind Energy intends to install a second pipeline to increase production from the Gannet E field in the UK central North Sea.
Flats plans for £1.5m former oil and gas HQ in Aberdeen
An empty Aberdeen office building - recently valued at £1.5 million - could be partially demolished to make way for flats.
Petrofac integrates Kuwaiti control centre
Petrofac has completed the integration of Kuwait Oil Co.’s (KOC) new Crude Oil Control Centre.