Oilfield services firm Petrofac will put about 200 north-east staff members on furlough as part of its response to the Covid-19 outbreak.
A deal has been struck to protect hundreds, and potentially thousands, of North Sea jobs during the coronavirus outbreak.
The latest annual report from energy services company Petrofac shows CEO Ayman Asfari took a 45% pay cut in 2019.
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.
Bosses at Petrofac said 2020 would be a “year of transition” for the oilfield services giant and reiterated predictions for a drop in revenue.
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.
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 has been awarded two contracts worth a combined £1.3billion for a “mega project” near Abu Dhabi.
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.
A fledgling online initiative created to straighten out jumbled oilfield equipment data and documentation is building momentum.
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.
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 has clinched a two-year deal to provide £38 million worth of services for a new UK North Sea joint venture.
Oilfield service firm Petrofac said today that it had clinched £100 million worth of work with Petroleum Development Oman (PDO).
Shares in Petrofac dropped after the UK oilfield service firm showed its order book had shrunk.
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.
Oilfield services firm Petrofac has secured a three-year framework deal with operator EnQuest for North Sea services.
Petrofac and Halliburton have joined in a pact with fledgling explorer Seapulse and Maersk Drilling on UK North Sea wells next year.
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.
Helicopter operator NHV has celebrated delivery of a new aircraft for its Aberdeen base following some key contract wins.
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.
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.
More than 220 people gathered in Aberdeen for an event celebrating and rewarding the energy sector’s best young talent.
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
Several North Sea contractors have joined forces to prevent unskilled workers entering the market as a “challenging shutdown period” approaches.