Akastor's subsidiary DDW Offshore has won a one-year contract with Petrofac for the AHTS vessel Skandi Atlantic. The AHTS will support the disconnection of the FPSO 'Northern Endeavour' together with towing and well isolations work in the Laminaria Corallina oil fields in the West Timor Sea…
Energy services firm Petrofac said it has been awarded a contract extension from EnQuest that will take its tenure supporting the Kittiwake platform into two decades.Under the terms of the three-year contract renewal, Petrofac will continue…
London-listed oilfield services giant Petrofac has won a contract with the oil firm Tullow Oil to provide operations services for Tullow's Jubilee Development offshore Ghana.Petrofac’s role in the Jubilee development in Ghana – one of the largest…
Hitachi Energy and Petrofac have partnered up to provide grid integration and associated infrastructure to support the growing offshore wind market.In 2021, a record 15.7 gigawatts (GW) of capacity were added, compared to around 5.2 GW per year in 2020 and 2019…
Oilfield services provider Petrofac Ltd said on Tuesday it expects modest free cash outflow during 2022 due to delays in cash collections from clients, although it projects net debt to be reduced in the second half of 2022.Shares of the company jumped nearly 5% in early trading…
Oilfield services company Danos said it has been brought on to support the Promethean Decommissioning Company (PDC) and Petrofac alliance to decommission multiple facilities in shallow water fields in the Gulf of Mexico. The project, which began at the end of May…
Oilfield services company Petrofac said Tuesday it has been awarded an Integrated Services Provider (ISP) contract by Anasuria Operating Company (AOC).The five-year contract, which has an option to extend, starts in June. Under the deal, Petrofac…
Oil and gas company i3 Energy has entered into a contract with Petrofac Facilities Management Limited (Petrofac) under which Petrofac will provide well engineering, operations management, and operator services for the drilling of the Serenity appraisal well on its UK North Sea Licence P…
Petrofac, an international service provider to the energy industry, will be supporting deep geothermal specialist CeraPhi Energy in what has been described as a first-of-a-kind geothermal study looking at the repurposing of oil and gas wells using CeraPhi’s technology…
Oilfield services company Petrofac has won a contract with Tullow Oil to provide well-decommissioning services in Mauritania, taking over from Danish company Maersk Decom, which said it would close down the company.The contract, with a potential total value of more than $60 million…
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…
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