3t Energy Group’s deal to buy Petrofac’s Aberdeen and Montrose training centres has successfully made it across the line.
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 has appointed a new finance director for its training division with the goal of driving “ambitious” global growth plans.
Energy services giant Petrofac has secured a one-year contract extension worth around $80 million (£57m) with a “key client” in Iraq.
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 has been suspended from tendering for Adnoc contracts as a Serious Fraud Office (SFO) bribery investigation rolls on.
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.
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”.
Aberdeen-headquartered engineering firm EnerMech has won a string of contracts for its UK operations worth “tens of millions” of pounds.
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.
An empty Aberdeen office building - recently valued at £1.5 million - could be partially demolished to make way for flats.
Petrofac has completed the integration of Kuwait Oil Co.’s (KOC) new Crude Oil Control Centre.
Trade union members have voted in favour of a new collective bargaining agreement covering thousands of North Sea workers.
Private-equity backed 3t Energy Group has inked a deal to buy Petrofac’s training centres in Aberdeen and Montrose.
Oilfield service (OFS) companies must decide now whether they are going to stick with hydrocarbons or pivot to low-carbon, a new report said.
A new alliance has been formed giving North Sea oil firms a quicker and cheaper means of developing their fields using platforms owned by Repsol Sinopec Resources UK (RSRUK).
North Sea operators including Shell, BP, EnQuest and Premier Oil have all seen their shares jump in light of the oil price rally.
Petrofac has won its first contract for decommissioning work in Australia after building a track record in the UK.
Energy service firm Stork has become the latest company to pledge its support for a newly-drafted collective bargaining deal for North Sea workers.
Energy service firm Petrofac has clinched two contracts worth a total of £220 million through Petroleum Development Oman (PDO).
Trade unions have launched a survey seeking feedback from members on a “ground-breaking” collective bargaining agreement that would cover thousands of North Sea workers.
UK-headquartered energy service firm Petrofac has pushed back the publication of its full-year 2020 results to mid-April.
Petrofac has been awarded an “enhanced” five-year deal with Ineos FPS (Forties Pipeline System) in the North Sea.
Stena Drilling has won a new North Sea contract with Petrofac.
A former senior boss at Petrofac has pleaded guilty to further charges of bribery in a Serious Fraud Office (SFO) investigation related to contract wins worth billions of dollars.