UK-based oilfield services company Petrofac has said that its Engineering & Production Services business (EPS) has been awarded two three-year renewals in the UK, worth a combined total of more than US$100 million. Both awards come with options to extend beyond the initial term…
The UK-based oilfield services firm Petrofac has won more work from Repsol Sinopec Resources UK for offshore maintenance operations on oil platforms in the UK North Sea.Petrofac said Thursday it was preparing to extend its provision of operations…
UAE's national oil company ADNOC has terminated $1.65B worth of contracts with UK oilfield services firm Petrofac.The two contracts were awarded in February, and entailed the delivery by Petrofac of offshore platforms and gas processing facilities for the Dalma Gas Development Project…
UK oilfield services provider Petrofac has confirmed it is planning staff reductions and furloughing as part of its action to save cash in response to low oil prices and COVID-19 pandemic.Reuters last week reported that Petrofac was planning to reduce the workforce by 20%…
Petrofac Emirates, a subsidiary of the UK oilfield services company Petrofac, has signed two contracts worth $1.65 billion with Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates to deliver offshore platforms and gas processing facilities…
Petrogas NEO UK has hired the UK-based oilfield services provider Petrofac to establish its North Sea operation.Petrogas NEO UK is a company formed last year by the Norwegian private equity fund HitecVision and Omani oil group Petrogas.Petrofac…
Oilfield services provider Petrofac Ltd guided to a more than 5% fall in full-year revenue on Tuesday, with delays in bidding processes constricting order intake in its biggest segment during the second half.Petrofac, which designs, builds and operates oil and gas facilities…
Services firm Petrofac said it has secured two new framework agreements (FA) for the provision of engineering, procurement, construction and commissioning (EPCC) services in the North Sea.The first, a three-year FA awarded by EnQuest as part of a multi-contractor framework…
Oilfield services company Petrofac Ltd said on Thursday it would sell the remaining 51% interest in its Mexican oilfields for up to $276 million to Anglo-French oil and gas company Perenco.Petrofac, which had offloaded a 49% stake in the operations to Perenco last year…
Petrofac, the provider of oilfield services to the international oil and gas industry, announced the start of power generation from a major offshore wind project (OWP) in Germany.The 900 mega-watt BorWin3 platform has started the process of…
Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured an engineering and technical services contract to support Total and SOCAR’s exploration and production activities in Azerbaijan, the UK Services company announced on Monday…
TenneT, the Dutch-German transmission grid operator, has awarded the oilfield services provider Petrofac work on the Beta high voltage alternate current (HVAC) substation platform in the North Sea for the Hollandse Kust Zuid (HKZ) wind farm…
Oilfield services provider Petrofac and its partner Serikandi Oilfield and Services Sdn Bhd, have secured a multi-annual Engineering Design Services contract to support Brunei Shell Petroleum (BSP) and Brunei LNG (BLNG) in Brunei.Petrofac and…
Services provider Petrofac said its Engineering and Production Services (EPS) business has secured a construction and commissioning contract with Ithaca Energy to prepare the FPF-1 floating production facility for the BP-operated Vorlich field in the Central North Sea…
Petrofac’s Engineering and Production Services (EPS) business has secured a Condition Monitoring contract renewal from TAQA in the U.K. following competitive tender.Under the terms of the three-year agreement, Petrofac’s Condition Monitoring team will provide onshore and offshore vibration analyses…
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