After reporting a $5 billion loss, Malaysian national oil company (NOC) Petronas is eager to see new money flow into its domestic upstream sector, especially as the majors, such as ExxonMobil, seek to exit the Southeast Asian nation.
Oilfield service firm Petrofac has taken delivery of a second freefall lifeboat at its marine training centre in Aberdeen following an investment of £200,000.
A proposed new North Sea collective bargaining agreement will level the playing field for service companies and give workers more protection during turbulent times, industry chiefs said.
Five more energy service firms have agreed to help develop an alternative to a key UK North Sea collective bargaining agreement that is being scrapped.
More than US$500bn worth of project opportunities will be presented by key major project decision makers from around the globe at the Virtual Energy Exports Conference on Monday 28 September to Thursday 1 October (vEEC Week).
Petrofac has announced the award of a “multi-million dollar” North Sea contract from Ithaca Energy.
Independent Oil and Gas (IOG) will hand out the contract for a jackup rig for the first phase of its flagship Core project “in the coming weeks”.
Repsol Sinopec Resources UK (RSRUK) has decided to stop production on its Tartan Alpha installation after nearly 40 years, putting some jobs at risk.
Supply chain disruption ‘biggest threat’ for decommissioning cost spike, warn Spirit Energy and Petrofac
Disruption to the North Sea supply chain is the “biggest threat” for a spike in offshore decommissioning costs, according to bosses at Spirit Energy and Petrofac.
A UK boss of Petrofac has warned the North Sea supply chain “cannot afford for bad practices to creep in during this moment of crisis".
Awilco Drilling has sunk to losses of £10.6million in the first half of 2020 amid separate disputes with rig builder Keppel Fels and HMRC.
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 has set new targets to reduce its emissions and increase the percentage of women in its senior roles within the decade.
A joint venture between UK-headquarterd energy services firm Petrofac and Azerbaijan’s state oil company has secured a £77 million contract with BP Azerbaijan.
Energy services firm Petrofac has signed a Memorandum of Understanding (MoU) with Storegga Geotechnologies in an effort to drive new clean energy developments.
Petrofac has shared details of a number of contracts that will potentially be put out to tender over the next year.
The UK’s health and safety watchdog is making “initial inquiries” after a generator overheated on the FPF-1 platform in the central North Sea.
Libya’s National Oil Corp. (NOC) has expressed concerns about increasing military presence at its facilities and the seizure of jet fuel at Zueitina.
Petrofac has doubled the size of its offshore wells portfolio in the UK North Sea after winning a new contract with Neo Energy.
An Aberdeen man has been found guilty of conspiracy to give corrupt payments in a Unaoil bribery case that has rumbled on for more than four years.
Petrofac has won a $135m (£106.6m) contract in Kazakhstan in a joint venture with locally-based Iskar Group.
North Sea exploration and production firm Hurricane Energy said today it was "deeply saddened" to report the death of its chief operations officer (COO), Neil Platt.
Offshore contracting firms and unions have committed to hammering out a “framework” to replace a key UK North Sea collective bargaining agreement.
One of the offshore oil and gas industry’s most significant business development events is going digital in July when OGUK launches the first of its series of Share Fair Spotlight webinars featuring the forward work plans of Spirit Energy next week.
Scottish low-carbon and green energy projects offered a glimmer of hope to Petrofac in a first half of 2020 marked by “significant disruption” brought on by Covid-19.