Petrofac snaps up West of Shetland job from Hurricane Energy
Hurricane Energy has appointed Petrofac well operator for its West of Shetland operations.
Petrofac
Ithaca secures pipeline access deal for Greater Stella production
Ithaca Energy has secured access to a major oil export pipeline allowing it to transport future production from its Greater Stella Area development project in the UK North Sea, at a cost of around $20million, with first production slated by September.
Petrofac’s net debt hits $1.1billion
Petrofac's pre-closing statement today revealed its net debt had hit $1.1billion.
Petrofac wins $100million North Sea deal, secures 150 jobs
Petrofac has landed a North Sea contract win with Total, securing the future of 150 jobs.
Petrofac named as duty holder for BP’s Miller platform
Petrofac has been awarded a Duty Holder contract from BP to support the late life management of the Miller platform, located in the Central North Sea.
Petrofac staff raise cash for Aberdeen’s Special Nursery
Staff at Petrofac in Aberdeen have raised more than £42,000 to help premature and sick babies at Aberdeen Maternity Hospital.
Oil Industry welcomes Canadian court ruling on indigenous rights
Canada’s foremost oil-sector lobby group says a decision by the country’s highest court on indigenous rights will strengthen communities.
Exclusive: Petrofac facing legal dispute over Laggan-Tormore bonuses
Petrofac is facing a legal battle over claims it has withheld hundreds of thousands of pounds in bonus payments from workers on its gas plant in Shetland. Contractors on the £800million Laggan-Tormore plant claim the oil and gas services giant has repeatedly fobbed off attempts to pay out bonuses worth up to £250,000. Tavish Scott, the Scottish Liberal Democrats’ Shetland candidate, weighed into the row, labelling the situation “unacceptable” and demanded that Petrofac pay the bonuses.
Petrofac said to be investigating £1.4m bribery allegations against ex-director
Energy service group Petrofac is investigating bribery allegations against one of its former directors. The firm took the step after leaked documents were brought to its attention indicating that Peter Warner had authorised “confidential payments” worth £1.4million to win a contract in Kuwait. The documents include an email exchange in 2007 appearing to show Mr Warner, who was Petrofac’s executive vice-president of sales and marketing, requesting payments using a code which substituted the word “millions” for “metres”.
Bristow Helicopters begins first North Sea flights for Petrofac
Bristow Helicopters has commenced flights for Petrofac in the North Sea.
Topsides UK 2016: Overhauling ageing North Sea platforms delays decommissioning
Ensuring the asset integrity of ageing North Sea assets can ensure they remain productive longer than previously intended the Topsides UK conference heard today.
Topsides UK: North Sea is sustainable, if transformation takes place
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 wins $250million North Sea contract, secures 65 jobs
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 Ratcliffe is UK’s richest oil billionaire on Forbes list
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 surge on record order book
Petrofac shares surged ahead today after the company said its order book stood at record levels of $20.7billion.
Petrofac profits battered by Laggan Tormore and oil slump
Petrofac profits have been hit by a double whammy of low oil prices and accounting for a loss from its Shetland Islands project.
Petrofac wins North Sea contract
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, GE win £110million contract on offshore windfarm
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 in consultation over 65 positions on CNR assets
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.
Aqualis secures contract for BorWin 3 converter platform in North Sea
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.
Sturgeon says North Sea oil industry is “in crisis”
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.
MSP lobbies Chancellor to take action on oil jobs
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 delays Stella start-up, Petrofac absorbs overspend
Ithaca today confirmed the start-up of its Greater Stella Development would be delayed until the third quarter of this year.
Petrofac boasts record backlog
Petrofac confirmed a record backlog, totalling $18.5billion in its latest financial update.
Petrofac lands $400million of UKCS work
Petrofac has landed UKCS contract extensions, totalling $400million.