Petrofac News

 

Petrofac Names New CFO

Sep 01, 2021

Oilfield services provider Petrofac said Wednesday that Afonso Reis e Sousa had taken over as its Chief Financial Officer and Executive Director.Reis e Sousa succeeds Alastair Cochran, who has now left the Petrofac and has stepped down from its Board…

Petrofac Brings Online East Cendor Offshore Field in Malaysia

Jul 30, 2021

Malaysian oil and gas firm Petronas said Friday that Petrofac had brought online the East Cendor field in Block PM304, 40 kilometers offshore Peninsular Malaysia.The field was developed by Petrofac as the operator and Kuwait Foreign Petroleum Exploration Company and Petronas Carigali as partners…

Digitalization: Petrofac, James Fisher Cut Need for Offshore Survey Ahead of Modification Scopes

Jul 19, 2021

Oilfield services firm Petrofac said Monday it has with the help of digitalization, and in cooperation with James Fisher Asset Information Services (JF AIS), managed to eliminate the need for offshore surveys ahead of modification scopes, reducing time and cost…

Petrofac Nets Three-year Deal with ONEgas

Jul 14, 2021

Oilfield service firm Petrofac has secured a new three-year contract with ONEgas, an integrated cross-border asset between Shell UK and the Nederlandse Aardolie Maatschappij (NAM).  The contract, secured by Petrofac’s Engineering and Production…

Petrofac Stays on Neptune's Cygnus Platform as $14M Extension Agreed

Jul 06, 2021

UK-based oilfield services company Petrofac has secured a three-year contract extension from Neptune Energy for the provision of operations and maintenance services for Neptune Energy’s Cygnus Alpha platform in the Southern North Sea. The contract extension…

Petrofac, SOCAR JV Net $25M Deal to Support BP's Azeri Central East Project

Jun 24, 2021

Oilfield services firm Petrofac, in a joint venture with Azerbaijan's SOCAR, has won a contract to support BP's Azeri Central East (ACE) project, in the Caspian Sea, offshore Azerbaijan.Under the contract valued at about  $25 million, the Petrofac…

Petrofac Continues as Duty Holder at EnQuest's Kittiwake Platform

Jun 23, 2021

Oilfield services firm Petrofac will continue supporting the Kittiwake platform offshore the UK, following the award of a one-year contract extension from the oil company EnQuest.Under the terms of the contract, Petrofac will continue in its capacity as Duty Holder of Kittiwake…

Petrofac Names Director to Lead New and Renewables O&M Business

Jun 15, 2021

Petrofac, a company for years known as simply an oilfield services provider, is transforming into an energy services firm with increasing involvement in the offshore wind business in recent years.To support its growth and offering in the new and renewable energy sectors…

Petrofac CFO to Resign

May 12, 2021

Petrofac's Chief Financial Officer Alastair Cochran has informed the Board of Directors of his intention to resign and take up a new job outside the group on September 1, 2021. Cochran joined Petrofac in 2016 from BG Group where he had served…

One-Year Extension: Petrofac to Keep Servicing NEO Energy's North Sea Assets

Apr 13, 2021

Oilfield services company Petrofac has secured a one-year extension to its integrated services contract with NEO Energy in the UK North Sea.'The extension, awarded eight months ahead of the renewal date, takes Petrofac’s contract for operations…

ADNOC Suspends Petrofac from Competing for New Contracts over Bribery Case

Mar 15, 2021

Abu Dhabi-based oil and gas giant ADNOC has suspended oilfield services firm Petrofac from competing for new ADNOC contracts 'until further notice,' over a bribery case related to contracts awarded in 2013 and 2014.'Petrofac Ltd announces it…

3t Energy Buys Petrofac's UK Training Business

Feb 18, 2021

UK-based 3t Energy Group has agreed to buy oilfield services giant Petrofac's UK training business.The purchase includes Petrofac’s Survival and Marine, Health and Safety, Fire, and Major Emergency Management capability and facilities in Scotland…

Repsol Sinopec, TechnipFMC, Petrofac in Subsea Tie-Back Alliance

Feb 15, 2021

UK-based oil and gas firm Repsol Sinopec has teamed up with oilfield services companies TechnipFMC and Petrofac to create an alliance that seeks to maximize the recovery of oil and gas from the UK Continental Shelf (UKCS) using existing infrastructure…

PTTEP Taps Petrofac for P&A Project Off Australia

Feb 09, 2021

Oilfield services company Petrofac said Tuesday it has secured a Well Project Management contract in Australia with the Thai oil firm PTTEP.Petrofac will provide all project manpower to enable the execution of plug and abandonment operations…

Malaysia: Icon Offshore Clinches Drilling Contract with Petrofac

Feb 04, 2021

Oilfield services firm Petrofac has awarded Icon Offshore a contract for the supply of a jack-up drilling rig for drilling at the PM304 block offshore Malaysia.Under the contract, Icon Offshore, through its subsidiary Persiai Offshore, will supply the Perisai Pacific 101 jack-up drilling rig…

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