Update: Petrofac to furlough 200 north-east workers
Oilfield services firm Petrofac will put about 200 north-east staff members on furlough as part of its response to the Covid-19 outbreak.
Petrofac
Deal to save ‘thousands’ of North Sea jobs hammered out
A deal has been struck to protect hundreds, and potentially thousands, of North Sea jobs during the coronavirus outbreak.
Petrofac’s chief takes a 45% drop in pay
The latest annual report from energy services company Petrofac shows CEO Ayman Asfari took a 45% pay cut in 2019.
Petrofac at ease with North Sea contract snub
A boss at Petrofac has said the loss of a UK North Sea contract with French major Total was “disappointing”, but not “mission critical” for the oilfield service firm.
Updated: 2020 a ‘year of transition’ for Petrofac with revenue drop predicted
Bosses at Petrofac said 2020 would be a “year of transition” for the oilfield services giant and reiterated predictions for a drop in revenue.
ODE appoints Sandy Reid to asset management role
Offshore Design Engineering (ODE), an international technical service provider to the oil, gas and renewable energy markets, said yesterday it had appointed Sandy Reid as managing director of asset management.
Petrofac snaps up £30m deal with Sharjah National Oil in UAE
Oilfield services firm Petrofac has today announced the award of a £30 million deal by Sharjah National Oil Corporation (SNOC) for a project in the United Arab Emirates (UAE).
Petrofac wins contracts worth £1.3billion for Abu Dhabi ‘mega project’
Petrofac has been awarded two contracts worth a combined £1.3billion for a “mega project” near Abu Dhabi.
North Sea contract award sets ‘alarm bells ringing’
A North Sea deal between one of the basin’s biggest producers and a little-known consortium has set “alarm bells ringing” in the UK offshore oil and gas sector, a trade union boss has said.
Scheme for untangling oil equipment data gains traction with operators, suppliers
A fledgling online initiative created to straighten out jumbled oilfield equipment data and documentation is building momentum.
Diversity at centre stage for Oil and Gas UK event
A compelling line-up of speakers has been confirmed for an event aiming to put issues surrounding diversity and inclusion centre stage in the oil and gas sector.
Petrofac wins first Scottish wind farm supply work in ‘multi-million’ deal
An oilfield services firm with a major operating base in Aberdeen has bagged its first significant Scottish offshore wind contract in what is understood to be a multi-million deal.
Petrofac wins £38m UK North Sea contract with new joint venture
Petrofac has clinched a two-year deal to provide £38 million worth of services for a new UK North Sea joint venture.
Petrofac clinches deals worth £100m in Oman
Oilfield service firm Petrofac said today that it had clinched £100 million worth of work with Petroleum Development Oman (PDO).
Updated: Petrofac shares down as order book shrinks
Shares in Petrofac dropped after the UK oilfield service firm showed its order book had shrunk.
Petrofac and Socar ink deal with BP in Azerbaijan
Petrofac and its joint venture partner the State Oil Company of the Republic of Azerbaijan (Socar) have announced a deal with BP in Azerbaijan and Georgia.
Petrofac snaps up North Sea framework deal with EnQuest
Oilfield services firm Petrofac has secured a three-year framework deal with operator EnQuest for North Sea services.
Petrofac and Halliburton join Seapulse-Maersk Drilling exploration pact
Petrofac and Halliburton have joined in a pact with fledgling explorer Seapulse and Maersk Drilling on UK North Sea wells next year.
Petrofac announces £93m new deals in North Sea and Malaysia, buys Texas energy services firm
Petrofac has announced new contracts and extensions in the North Sea and Malaysia worth £93m, as well as an acquisition marking its entry to the US onshore services market.
NHV takes delivery of new H175 helicopter in Aberdeen
Helicopter operator NHV has celebrated delivery of a new aircraft for its Aberdeen base following some key contract wins.
HSE chairman calls out cyber security ‘complacency’ during oil conference
The chairman of the Health and Safety Executive has called out “complacency” on cyber security within oil and gas and other sectors across the UK.
John Crane Asset Management hires new boss, based in Houston
Energy service firm John Crane Asset Management Solutions (JCAMS) has appointed a new managing director in the US to replace its former Aberdeen-based boss.
Energy Institute young professionals dinner attracts more than 200 people
More than 220 people gathered in Aberdeen for an event celebrating and rewarding the energy sector’s best young talent.
Over-capacity slows deal flow in Q3
Anderson Anderson & Brown Corporate Finance is delighted to share with you our quarterly Deals+ update for Q3 2019 in conjunction with Energy Voice, highlighting selected oil and gas mergers and acquisitions and fundraising transactions across the UK
Contractors move to block unskilled labour ahead of ‘challenging shutdown period’
Several North Sea contractors have joined forces to prevent unskilled workers entering the market as a “challenging shutdown period” approaches.