Oilfield services giant Petrofac has formed an alliance with decommissioning firm Promethean Decommissioning Company (PDC) to decommission the South Pass 60, South Pass 6, and East Breaks 165 offshore fields, in the U.S. Gulf of Mexico.According to Petrofac…
Oilfield services provider Petrofac on Wednesday warned of fewer near-term deals but expects higher energy prices to boost contracts later in 2022 as annual profit halved on lower orders and higher costs.The company put behind a major overhang…
Oilfield services company Petrofac has won two-year operations and late-life asset support contract extension with Spirit Energy in the UK North Sea.Under the contract, Petrofac will provide operations and maintenance support for Spirit Energy’s York platform in the Southern North Sea…
Oilfield services giant Petrofac said Wednesday that Abu Dhabi National Oil Company (ADNOC) had lifted the suspension of the company imposed in March 2021.Abu Dhabi-based oil and gas giant ADNOC had suspended oilfield services firm Petrofac…
Malaysian offshore oil and gas services provider Alam Maritim has won a contract with Petrofac to provide transportation, installation, and pre-commissioning of flexible risers for the Cendor pipeline project in Malaysia. The total contract value is RM52 million (around $12…
Petrofac, an oilfield services giant with increasing offshore wind aspirations, has signed a memorandum of understanding with Seawind Ocean Technology, a developer of a 'unique' floating offshore wind energy system.Netherlands-based Seawind…
Oilfield services giant Petrofac has won two new contracts with Cairn Oil & Gas, Vedanta Limited, India’s largest private oil and gas exploration company. With a combined value of around $100 million, the wins include Petrofac’s first significant Operations and Maintenance (O&M) contract in-country…
Offshore drilling contractor Stena Drilling has signed a contract with Petrofac for the hire of its Stena Don semi-submersible drilling rig.The Stena Don has been hired for a one-firm well campaign on Tailwind Energy's Gannet E field in the UK Continental Shelf…
Oilfield services company Petrofac has secured a five-year contract extension for well management and well operator services with NEO Energy.Petrofac will provide a five-year framework for Well Management and Well Operator support for 27 wells across the Affleck…
Petrofac, a service provider to the energy industry, has appointed Phaedra Pritchard as New Head of Wind Operations and Maintenance (O&M), boosting its global offering in the wind sector.Pritchard will be responsible for building and supporting…
Energy logistics services firm Peterson has said it has secured a significant logistics contract from Petrofac to support the offshore installation phase of two 700MW transformation platforms for TenneT’s Hollandse Kust (zuid) offshore grid…
Oil and gas company Neptune Energy has awarded a two-year contract extension to the oilfield services firm Petrofac.The contract extension, taking effect from January 1, 2022, is for engineering services for the Neptune-operated Cygnus Alpha and Bravo platforms in the UK Southern North Sea…
British oil services firm Petrofac Ltd said on Tuesday it planned to raise $275 million through a stock sale and use the funds to pay a fine for bribery-related offences and cut debt, sending its shares tumbling 23%.The company forecast annual…
British oil services company Petrofac was fined 77 million pounds ($105 million) on Monday and a former executive received a two-year suspended sentence after both pleaded guilty to bribery in Iraq, Saudi Arabia and the United Arab Emirates…
British oil services group Petrofac said it is looking at refinancing options including debt and fresh equity as it faces a possible $240 million fine from a London court.Petrofac decided to plead guilty to seven charges after a four-year Serious…