Petrofac said it has made changes to its board of directors.
Energy services firm Petrofac said today it had saved Tullow Oil $2.5million on a well decommissioning job in the southern North Sea.
Petrofac has scooped a deal to provide a range of training services for staff working on Statoil’s key projects in the North Sea.
Petrofac is remaining tight-lipped on reports it plans to leave Tunisia if protests over jobs continue, according to reports.
Petrofac landed a deal for an offshore windfarm development.
A trio of oil and gas companies told the North Sea supply chain how to get involved in decommissioning projects at an event in Aberdeen this week.
Petrofac chief financial officer (CFO) Tim Weller said yesterday he was leaving the company with “a powerful franchise at its heart” as it recovers from the slump in oil prices.
The FPF-1 (Floating Production Facility) for the Greater Stella Area is now on location in the North Sea.
Petrofac has seen a return to profit despite booking a loss on the Laggan-Tormore project.
Petrofac’s chief financial officer will leave the oil service company after being poached by security group G4S.
Petrofac said an internal investigation into its board related to historical provision of services to company by Unaoil has found no wrongdoing of any director.
Petrofac has appointed a former director at Hess Corporation as senior vice president of engineering and operations.
Petrofac said it has reached an agreement with Petronas to bring its Berantai Risk Service Contract (RSC) to an end.
Hurricane Energy has appointed Petrofac well operator for its West of Shetland operations.
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 pre-closing statement today revealed its net debt had hit $1.1billion.
Petrofac has landed a North Sea contract win with Total, securing the future of 150 jobs.
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.
Staff at Petrofac in Aberdeen have raised more than £42,000 to help premature and sick babies at Aberdeen Maternity Hospital.
Canada’s foremost oil-sector lobby group says a decision by the country’s highest court on indigenous rights will strengthen communities.
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.
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 has commenced flights for Petrofac in the North Sea.
Ensuring the asset integrity of ageing North Sea assets can ensure they remain productive longer than previously intended the Topsides UK conference heard today.
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.