Former Shell chairman Holliday joins ex-Petrofac boss Asfari at Venterra
Ex-Petrofac chief executive Ayman Asfari has snapped up the former chairman of Shell for his offshore wind business Venterra Group.
Ex-Petrofac chief executive Ayman Asfari has snapped up the former chairman of Shell for his offshore wind business Venterra Group.
Petrofac has appointed a new head of offshore wind operations and maintenance to bolster its offering in new energies.
Peterson has been awarded a logistics contract from Petrofac to support the offshore installation phase of two 700 megawatt (MW) transformer platforms for TenneT’s Hollandse Kust Zuid (HKZ) offshore grid.
A London ruling that heavily criticised the behavior of the country’s top fraud cops capped a tough year for the Serious Fraud Office (SFO) that saw prosecutions crumble and a conviction quashed.
Construction of what will become Scotland’s largest offshore wind farm has reached its latest milestone.
Island Drilling has secured a new contract with services group Petrofac to conduct a workover on Tailwind Energy’s Orlando field next year.
Energy services giant Petrofac has secured a contract extension with Neptune Energy for work on the Cygnus field.
Petrofac (LON: PFC) has warned that its financial results for 2021 will be impacted by Covid-19 as project schedules and costs take a hit.
A former Petrofac executive has been ordered to pay £140,000 over bribery offences in the Middle East.
Hundreds of North Sea workers are understood to be transferring to a new joint venture company between Bilfinger UK and Global E&C after a major contract win.
Jon Carpenter, Vice President of New Energy Services at Petrofac, looks back on a year defined by innovation, new thinking, and a firm commitment to working together, to support the transition to a lower-carbon future.
EnerMech has confirmed a three-year extension to its equipment rental deal with Petrofac, taking the two companies’ working relationship beyond the ten-year mark.
Former Petrofac boss Ayman Asfari has increased his holdings in the company, as part of a £200m share offer to pay debt and bribery fines.
Energy players sign up to drive project to create a low-carbon energy hub for London and the South East.
Petrofac (LON: PFC) has won a $96million contract with Petronas to build a new onshore gas plant in the Malaysian state of Sarawak.
Strikes have been averted after Unite the union reached a pay deal with Petrofac covering around 100 North Sea workers.
Scottish firm FoundOcean has been acquired by Venterra Group, a new wind energy services company set up by former Petrofac CEO Ayman Asfari.
North Sea heavy hitters have raised the virtual curtain on COP26 ahead of the landmark conference getting underway in Scotland next week.
Petrofac fell deeper into pre-tax losses in the first half of 2021 as “challenging market conditions” and a fraud squad fine continued to impact the business.
Petrofac (LON: PFC) has announced a £200million fundraise through share placing in order to help pay a Serious Fraud Office (SFO) fine for bribery offences.
Scores of Petrofac workers have voted in favour of strike action in an ongoing dispute over pay.
Petrofac has signed up to a strategic partnership with Gazprom, with the aim of establishing itself in Russia.
A new ECITB postgraduate training programme to prepare the next generation of industry leaders with the knowledge and skills to deliver the energy transition is underway.
An investigation into allegations of bribery at Petrofac, which wrapped up yesterday, “will unlock the lucrative” Saudi Arabia and United Arab Emirates (UAE) markets.
Petrofac (LSE: PFC - 192.4p) has been ordered to pay £77 million over seven separate counts of failure to prevent bribery between 2011 and 2017.