Petrofac lands EPC contract with ADNOC in the UAE
The UK-based Petrofac (LON: PFC) has secured an engineering, procurement and construction (EPC) lump-sum contract with ADNOC in the United Arab Emirates (UAE).
The UK-based Petrofac (LON: PFC) has secured an engineering, procurement and construction (EPC) lump-sum contract with ADNOC in the United Arab Emirates (UAE).
Adnoc and TotalEnergies have signed a deal to work together, while France and the United Arab Emirates have also made high-level commitments.
ADNOC has hailed a โtartanโ energy revolution in Aberdeen while seeking supply chain partners for a $5bn opportunity in Abu Dhabi.
Trafigura has warned of further challenges for the energy, and metal, markets, with higher prices for some time, although also reporting record profits.
Aberdeen-headquartered Norwell Engineering has secured a multi-million dollar contract for work in the United Arab Emirates (UAE).
The Middle East and North Africa region is at โgrowing riskโ of oil supply disruption, a new analysis from Verisk Maplecroft has reported.
Boris Johnson has declared Saudi Arabia and the United Arab Emirates "key international partners" in efforts to reduce dependence on Russian energy after the invasion of Ukraine.
Oil edged higher after the biggest drop since November as the fallout from Russiaโs invasion of Ukraine continues to rattle markets.
The chief executive of Adnoc has visited a hospital where workers injured in a rumoured terrorist attack are being treated.
ADNOC has unveiled a ยฃ2.7billion development for electrification of giant offshore oil and gas fields off Abu Dhabi.
UK drivers face โrange anxietyโ as a result of fuel shortages, while a cold winter could push Brent prices to $100 per barrel, BofA Securities has warned.
An investigation into allegations of bribery at Petrofac, which wrapped up yesterday, โwill unlock the lucrativeโ Saudi Arabia and United Arab Emirates (UAE) markets.
Petrofac (LSE: PFC - 192.4p) has been ordered to pay ยฃ77 million over seven separate counts of failure to prevent bribery between 2011 and 2017.
Energy services giant Petrofac has been charged with seven separate offences of failing to prevent bribery between 2011 and 2017.
OPEC+ abandoned its meeting without a deal, tipping the cartel into crisis and leaving the oil market facing tight supplies and rising prices.
Africa Oil Week will be held in Dubai this year, with the organisers highlighting the location as a safe alternative to Cape Town.
Petrofac has been cut off from three of its โlargest and most promisingโ oil markets globally after being suspended from Adnoc tenders, according to new analysis.
Petrofac has been suspended from tendering for Adnoc contracts as a Serious Fraud Office (SFO) bribery investigation rolls on.
Qatarโs ruler landed in Saudi Arabia on Tuesday to a warm embrace from host Crown Prince Mohammed bin Salman, hours after their nations re-established travel ties and eased a longstanding regional dispute.
Israel, the United Arab Emirates and Bahrain have signed a peace agreement that marks a step towards normalising diplomatic relationships in the Middle East.
Libyaโs National Oil Corp. (NOC) has named the United Arab Emirates as being behind the order to stop production in the North African country.
Oilfield services firm Petrofac has today announced the award of a ยฃ30 million deal by Sharjah National Oil Corporation (SNOC) for a project in the United Arab Emirates (UAE).
Petrofac has been awarded two contracts worth a combined ยฃ1.3billion for a โmega projectโ near Abu Dhabi.
Energy services firm Petrofac has won work at the Haliba field in the United Arab Emirates (UAE).