Hitachi Energy and Petrofac have secured a second project under a $14 billion, multi-year framework agreement with the Dutch-German transmission system operator (TSO) TenneT to expand offshore wind capacity in the North Sea.This second contract is for Nederwiek 1…
Oilfield services company Petrofac has signed an engineering, procurement, construction and commissioning (EPCC) framework agreement with TotalEnergies for its assets in the North Sea.Under the three-year framework, Petrofac will have the opportunity…
Petrofac said on Monday it was in discussions to sell some non-core assets and warned it would no longer be able to meet its annual forecast of 'broadly neutral free cash flow', dragging the oilfield services provider's shares down nearly 8%…
Oilfield services firm Petrofac has secured a new multi-million-pound deal with Saipem to support the decommissioning of a platform in the UK sector of the North Sea. Under the terms of the contract, the companies will work as an integrated team to prepare and remove the 20…
Oilfield services company Petrofac has won a three-year contract extension worth more than US$100 million, in support of Repsol Sinopec Resources UK’s North Sea operations.Under the contract, Petrofac will continue providing operations and maintenance services for Repsol Sinopec in the UK North Sea…
The UK-based union Unite said Tuesday that around 85 offshore workers employed by Petrofac Facilities Management Limited are set to take strike action over six days on installations operated by Ithaca Energy.According to Unite, the dispute centers on Ithaca Energy’s fourteen-day 'clawback' policy…
UK-based union Unite said Monday that offshore workers employed by Petrofac Facilities Management Limited on the Kittiwake platform would be balloted on strike action.'Around 30 Unite members on the EnQuest-owned asset will take part in the ballot…
The UK-based union Unite said Monday that offshore workers employed by Petrofac Facilities Management Limited had voted for strike action in disputes over jobs, pay, and conditions.Around 80 Unite members contracted to work on Ithaca Energy’s FPF1 platform…
Unite the union confirmed Friday that offshore workers employed by Petrofac Facilities Management Limited in the UK will be balloted on strike action.Around 80 Unite members contracted to work on Ithaca Energy’s FPF1 platform, Captain WPP, Captain floating production…
Trinidad & Tobago-based oil and gas company Trinity Exploration & Production Trinidad and Tobago has commissioned Petrofac to undertake a Concept-Screening to develop further reserves in its Galeota Block, offshore East Coast Trinidad.The Galeota…
Valeura Energy said Thursday it had signed two key contracts relating to its Jasmine oil field offshore Thailand.Namely, Valeura’s charter of the field’s FPF-003 floating production storage and offloading vessel (“FPSO”), and a contract for…
Oilfield services provider Petrofac on Thursday reported a steeper full-year operating loss, hit by cost overruns at its largest division amid contractual and commercial issues. Petrofac saw a rise in orders last year, as it benefited from high…
Petrofac Ltd said on Wednesday it expects to report a wider operating loss of about $150 million to $170 million for 2022, after a review of its portfolio of contracts and contractual and commercial issues revealed increased costs. The oilfield…
UK's Unite the union on Wednesday said that its members at BP Petrofac sites have voted to support a strike over pay at oil and gas facilities in the North Sea.'The vote will see the BP Petrofac workers join 1,400 others in dispute with their employers…
ICR Integrity (ICR), global provider of specialist repair, inspection, and integrity solutions, said Tuesday it had been re-awarded the Master Service Agreement (MSA) with Petrofac, valued at over £1 million per year, after a successful tender…