Bristow Helicopters has commenced flights for Petrofac in the North Sea.
Ensuring the asset integrity of ageing North Sea assets can ensure they remain productive longer than previously intended the Topsides UK conference heard today.
The UK North Sea industry does have a sustainable future, if action is taken now to make the changes needed to deliver $15 dollar production costs, industry experts insisted today.
Petrofac has been appointed as duty holder to support North Sea incomers Anasuria Operating Company Limited in a deal worth $250million, securing 65 jobs.
Ineos boss Jim Ratcliffe is the UK's richest energy services mogul on the Forbes 2016 billionaires list with his $5.5billion fortune.
Petrofac shares surged ahead today after the company said its order book stood at record levels of $20.7billion.
Petrofac profits have been hit by a double whammy of low oil prices and accounting for a loss from its Shetland Islands project.
Petrofac has secured a contract from Zennor Petroleum to provide well design and well construction management services to support the Finlaggan well in the North Sea.
Petrofac and GE have been awarded a contract worth more than £110million to engineer, construct and install a turnkey power system. It will connect up to 336MW of clean energy from the Galloper offshore wind farm off Suffolk, to the British grid.
Petrofac is in consultation with staff over up to 65 positions on CNR assets in the North Sea. It is understood the jobs are in addition to the 160 confirmed by the company earlier this month.
Offshore marine and engineering consultancy Aqualis Offshore has been contracted by Petrofac to perform technical support services for its work on the BorWin 3 gamma topside for the North Sea.
Nicola Sturgeon has admitted the oil industry in the north-east is now in crisis – despite one of her own MSPs claiming it was “booming” just days ago.
North east MSP, Kevin Stewart has written to the Chancellor of the Exchequer asking him to take action on securing jobs in the oil and gas sector.
Ithaca today confirmed the start-up of its Greater Stella Development would be delayed until the third quarter of this year.
Petrofac confirmed a record backlog, totalling $18.5billion in its latest financial update.
Petrofac has landed UKCS contract extensions, totalling $400million.
Engineering services company Lamprell said it had increased its workforce by 1,500 in response to increased project construction work in the Middle East.
Saudi Aramco has awarded Petrofac the engineering, procurement and construction (EPC) work for its greenfield development.
Petrofac has teamed up with Faroe Petroleum and Eni Hewett to establish a cost saving partnership across their UK operations in the Southern North Sea. The tripartite agreement is aimed at driving efficiencies and commercial synergies. Petrofac will share logistics across the Schooner, Hewett and Ketch gas fields to share logistics and accommodation services across the facilities.
Oilfield services company Petrofac has been awarded a multi-million dollar technical training contract with Shell Iraq, achieving their fourth win with a major operator in the country.
Petrofac has terminated a contract with ZPMC over alleged issues with the its performance in construction of the design of a deepwater multi-purpose vessel. The international service provider said the move was “regrettable” but “necessary”.
Ithaca Energy has modified its Greater Stella deal with Petrofac in a bid to hit its sail-away target.
Petrofac boss Ayman Asfari has admitted mistakes were made in the handling of the delayed Laggan Tormore gas development - which has led to the company losing $263million on the Shetland project.
Petrofac has posted a net loss for the first half of the year which was affected by an increase in costs from its Laggan-Tormore project in the Shetland Islands. The company said net loss for the period was $133million, compared with a net profit of $136million a year earlier. Petrofac has incurred $236million in loss on the delayed Shetland Islands project so far this year.
Petrofac has been awarded a $780million contract from KOC (Kuwait Oil Company) for its manifold group trunkline in the country. The international oil and gas services provider said the win will play an integral part in KOC’s plans to increase and maintain its crude production over the next five years. There are three new gathering centres – forming part of the broader engineering, procurement and construction contract - already being built.