Petrofac has signed a three year deal with Gazprom Neft Middle East.
Petrofac has landed a North Sea deal with Maersk Oil.
UK energy service firm Petrofac reported an upturn in first-half profits, but had to book a hefty impairment on a North Sea development.
Petrofac chief executive Ayman Asfari has been fined £276,000 and had property worth more than £350,000 confiscated by Italian authorities after a ruling that he gained financial advantage from "inside" information.
UK-based energy service firm Petrofac has sold its 50% stake in Petro-SPM Integrated Services to Schlumberger.
International engineering firms have submitted bids to expand Saudi Aramco's Hawiyah gas plant, a news report said.
With the aim of improving maintenance management performance across the oil and gas sector, Pertofac have been awarded a research project by the Energy Institute’s Process Safety Committee.
Oil and Gas UK's (OGUK) next "share fair" will be focused on the possibility of growth and innovation within the energy sector.
Oilfield service firm Petrofac has tied up a contract extension and a new award worth more than $100million in Iraq.
Petrofac this morning confirmed its net profit for the first half the year is expected to be between $135million and $145million.
Petrofac has landed a $35million contract in Kuwait.
Petrofac will provide a range of engineering services on major oil and gas projects for Petroleum Development Oman (PDO) as part of a 10-year deal.
Moody’s has downgraded Petrofac’s rating after an investigation into fraud at the oil service company was opened.
When a regulator or fraud-buster targets a company for investigation, a financial penalty is often around the corner. In the case of British oil services firm Petrofac, it's the reputational risk that's looking pricier than the potential fine.
Bentham Ventures this morning said it was contemplating legal proceedings against Petrofac on behalf of its shareholders.
Shares of UK-listed oil field services companies slumped dramatically yesterday over concerns linked to bribery, corruption and money laundering emerged.
Oilfield service firm Petrofac has won a series of contracts worth more than $70million in Iran.
Offshore trade unions intend to serve North Sea employers with strike ballot notices in the coming weeks with no sign of talks on the horizon, it is understood.
Petrofac chief executive Ayman Asfari saw his total pay package rocket more than 60% during 2016 as the energy services giant moved back into the black.
The Energy Industries Council (EIC) has of Petrofac’s business development manager Tony Brady to its board.
The North Sea oil and gas industry is looking to a football-style loan transfer scheme to resolve skills shortages after it emerges from a long and brutal downturn.
The mature North Sea basin remains a "core market" for slimmed down oil and gas services firm Petrofac.
Petrofac's chief financial officer has hailed the slimmed down company's "positive results in 2016" as a result of careful restructuring.
Petrofac’s chief executive today said the service firm now has the “right-sized” business to remain competitive.
Petrofac has landed deal with BP for its North Sea assets.