Petrofac completes sale of Mexican opperations
Oilfield services firm Petrofac has today announced the completion of a 49% sale of the firms Mexico operations.
Oilfield services firm Petrofac has today announced the completion of a 49% sale of the firms Mexico operations.
An 18,000tonne platform has been successfully and safely installed at its final destination at a German North Sea windfarm.
Oilfield services firm Petrofac has today announced a £38 million extension deal with an international Iraq-based oil company.
Petrofac has announced a year-long contract extension to provide engineering services on Chevron's key North Sea assets.
Digital technology and data could solve many of the oil and gas sector's "broad challenges", according to Petrofac's head of strategy.
An 18,000tonne platform has set sail on its journey from Dubai to a North Sea windfarm.
Petrofac has announced it has secured a series of well engineering contracts worth £15.3m, including work in the North Sea.
Growing global demand for its oil and gas skills development programmes has led to a key role being created at Portlethen-based organisation Opito.
Petrofac said yesterday it plans to “build momentum” in its core North Sea business after agreeing to sell its stake in the Greater Stella Area development.
Oil services firm Petrofac has announced today that it has agreed a £543 million deal with Sonatrach for the Tinhert field development project in Algeria.
An impairment charge from Petrofac’s deal to sell its stake in the Greater Stella Asset helped it to a pre-tax loss in the first half of the year.
Petrofac’s exit from the North Sea Greater Stella Area (GSA) will allow it to refocus on its core business, according to analysts Westwood Energy.
Petrofac has been awarded a contract worth around £290 million by Basra Oil Company (BOC) for expansion of the central processing facility in the Majnoon Field, Southern Iraq.
International oil services firm Petrofac announced today that it has secured £235 million in additional banking facilities.
Petrofac has been awarded a £15million contract renewal with Oranje-Nassau Energie Resources (ONE) for the Sean gas field in the southern North Sea.
UK oilfield services firm Petrofac will sell 49% of its Mexican business to Perenco.
Energy services giant Petrofac has secured a multi-million dollar contract for a gas storage project in Turkey.
Energy services giant Petrofac has been awarded a £150million contract to help build a wind farm in the North Sea.
Oilfield services firm Petrofac welcomed twelve students from Kincorth Academy this week in an effort give first-hand insight into the oil and gas sector.
Oilfield services company Petrofac today announced a new well project management contract from New Zealand firm Tamarind Taranki.
Rising oil prices have been a boon for the FTSE 100. The market was at its lowest ebb since 2016 at the end of March, but then rose to record levels on May 22 – some talked of an increase to 8,000.
Oil service firm Petrofac has secured a new contract award and extensions worth more than $110 million for work in Iraq.
Oil service firm Petrofac said today that it had spotted “early signs of recovery” in the UK North Sea, despite continued low activity, utilisation and order intake.
The oil and gas supply chain is likely to have to keep a lid on its rates for another couple of years as the market remains “brutally competitive”, an analyst has said.
Petrofac's John Pearson believes the digital transition can better the life of those working in oil and gas by offering "a whole world" of new jobs.