Valaris 121 returns to North Sea for first time since worker went missing
The Valaris 121 arrived in Dundee in January – where it remained until earlier this week – two days after a worker on board was reported missing.
The Valaris 121 arrived in Dundee in January – where it remained until earlier this week – two days after a worker on board was reported missing.
“Petrofac has a long and strong track record supporting Adnoc in the UAE, rooted in our steadfast commitment to maximising local delivery, investing in the local supply chain, and developing local teams," said Petrofac Engineering & Construction COO Elie Lahoud.
Petrofac (LON: PFC) has warned of losses from “onerous” contracts in its Engineering and Construction division (E&C) in its upcoming half-year results.
Petrofac has signed an extension to its integrated services contract with NEO Energy worth £250 million.
The Petrofac workers based on BP assets that have been locked in an ongoing industrial dispute over pay have secured a 9% pay rise.
Striking will return to the North Sea as 130 Petrofac and Wood staff are to down tools next week in disputes over working conditions and pay.
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.
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.
Energy services giant Petrofac (LON: PFC) is tempering expectations ahead of the publication of its full year results for 2022, slated for April 25.
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.
Offshore workers employed by Petrofac (LON: PFC) and stationed on North Sea assets operated by BP (LON: BP) have begun a fresh round of strikes.
Hartshead Resources says it has received “high interest” from parties keen to partner up on a pair of UK gas fields.
Petrofac (LON: PFC) employees on a host of BP (LON: BP) North Sea assets downed tools this morning after negotiations stalled.
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.