Petrofac (LON: PFC) has confirmed the signing of a $1.5bn deal for a petrochemical complex in Algeria.
Valeura is carrying out refurbishment work on the FPSO, worth $9mn. This is intended to ensure ongoing reliability and extend its class certification.
At the beginning of this year former Petrofac (LON: PFC) chief executive stood down as Tareq Kawash took over, however, has the current boss landed a better package than his predecessor?
A Petrofac (LON: PFC) joint venture with China has won a $1.5bn contract for a petrochemicals plant in Algeria.
North Sea workers employed by Wood, Petrofac, Stork and Sparrows, have downed tools as part of a second wave of strike action coordinated by Unite the Union.
‘Capacity, capability, competitiveness’: Petrofac boss remains optimistic on North Sea energy transition
A growing pipeline of work in new energies will help Petrofac shrug off last year’s losses but more supply chain collaboration is vital.
Petrofac (LON: PFC) has released its 2022 full-year results, which new CEO Tareq Kawash said are “severely impacted” by challenges in its engineering and construction (E&C) division.
Unite says the North Sea strikes could bring platforms to a standstill, though this has been played down by operating companies.
The new CEO of Petrofac (LON: PFC) has formally taken the top job today.
The strike action set to hit the Nort Sea has grown as Petrofac Unite Union members on BP installations have voted to take industrial action.
The North Sea is bracing for a wave of strikes as ballots close today for more than 1,000 offshore workers.
ICR Integrity has secured a significant renewal with services giant Petrofac worth more than £1 million per year and covering assets across the North Sea.
Multiple strike votes, covering hundreds of oil and gas workers employed by some of the North Sea’s biggest contractors, officially open today.
Hartshead Resources says it has received “high interest” from parties keen to partner up on a pair of UK gas fields.
IOG (AIM:IOG) has encountered further setbacks at its Southwark field as low flow rates and produced water volumes slow progress.
Dozens of offshore workers are to benefit from a hefty pay increase after a long-running dispute was brought to an end.
Rig operator Valaris has unveiled a series of new contracts and extensions in the UK North Sea.
Petrofac workers will down tools for 48 hours at a series of BP and Repsol Sinopec assets across the North Sea today, as disputes over pay and rota patterns show no sign of resolution.
From Thursday dozens of workers will be taking strike action on Repsol Sinopec and BP (LON: BP) North Sea installations.
A raft of fresh North Sea strikes – that will impact more than a dozen assets operated by Repsol Sinopec and BP (LON: BP) - have been announced.
Analysts weigh-in on Petrofac’s dire news and the road ahead.
Petrofac (LON: PFC) has warned it will report losses of around $100m in 2022 due to “challenges” linked to its engineering and construction (E&C) arm.