Petrofac, in its joint venture with the State Oil Company of the Republic of Azerbaijan (SOCAR), has landed a $25million contract with BP in the Caspian.
Petrofac has won the right to extend its time as duty-holder of the EnQuest-operated Kittiwake platform in the North Sea.
South Asia, which includes India, Pakistan, Sri Lanka, and Bangladesh, is slowly following the rest of the world in the transition towards cleaner energy systems. The subtle shift opens potentially large market opportunities for energy service suppliers.
Petrofac has made a senior UK appointment to support the continued growth of its renewables offering.
“It was very much a large bean can, but it became more sophisticated,” Alex Urquhart said of the simulator he designed.
The Energy Institute (EI) Aberdeen Young Professionals Network (YPN), a networking group which develops the skills and energy sector knowledge of those in the early stages of their careers, is celebrating its 10-year anniversary in May.
A low carbon technology project, which is being developed by a leading north-east clean energy firm, has been awarded a grant worth almost a quarter of a million pounds.
A project manager at a north-east firm shined brightest out of a trio of budding decommissioning experts to win a prestigious award today.
Former Petrofac CEO Ayman Asfari took a double-digit percentage pay cut in 2020, a year blighted by Covid, loss of work and an ongoing SFO investigation.
Petrofac said today that its chief financial officer, Alastair Cochran, will leave the energy services firm.
Petrofac has won a contract from BP for work on operational procedures at the Greater Tortue Ahmeyim (GTA) project, offshore Mauritania and Senegal.
A boss at Petrofac said yesterday his confidence that the North Sea market is picking up in 2021 is based on real activity, rather than mere hope.
Energy service firm Petrofac said today it intended to be a “force for good” in the global transition to low carbon as it rolled out a “refreshed” strategy.
Sonatrach has pulled the plug on the Isarene permit, held by Petroceltic International.
Energy service firm Petrofac today announced the award of a one-year extension to its integrated services contract with North Sea operator Neo Energy.
UK-listed Advance Energy has successfully raised the capital to acquire a 50% stake in the Buffalo project off East Timor. Drilling at the redevelopment project later this year is targeting a potential oil bonanza.
3t Energy Group’s deal to buy Petrofac’s Aberdeen and Montrose training centres has successfully made it across the line.
Petrofac has been cut off from three of its “largest and most promising” oil markets globally after being suspended from Adnoc tenders, according to new analysis.
3t Energy has appointed a new finance director for its training division with the goal of driving “ambitious” global growth plans.
Energy services giant Petrofac has secured a one-year contract extension worth around $80 million (£57m) with a “key client” in Iraq.
Wood, the Aberdeen-headquartered energy services giant, has earmarked $196million in order to settle bribery cases with authorities in the US, Brazil and the UK.
Petrofac has been suspended from tendering for Adnoc contracts as a Serious Fraud Office (SFO) bribery investigation rolls on.
The joint heads of a taskforce are “absolutely confident” the group’s work will help stimulate an imminent ramp-up in North Sea oil-well decommissioning activity.
An industry chief is optimistic that government policies axing support for fossil-fuel-related export activity still give scope for the oil sector to “have its cake and eat it”.
Aberdeen-headquartered engineering firm EnerMech has won a string of contracts for its UK operations worth “tens of millions” of pounds.