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North Sea Operator Kicks Off Drilling Campaign
IOG reported Monday that it has spud the first of five planned development wells in Phase 1 of its Core Project.
8:00 PM EST | April 12, 2021
Petrofac Wins Australia Decom Contract
Plug and abandonment operations will take place in the offshore Vulcan Basin.
7:00 PM EST | February 10, 2021
Petrofac Wins Contract for 25 UKCS Wells
Petrofac reported Wednesday that its EPS unit has won a two-year contract from NEO Energy. PHOTO SOURCE: Petrofac
8:00 PM EST | July 29, 2020
Five-Well North Sea Contract Goes to Petrofac
Petrofac will support IOG's Core Project development of three fields in the U.K. Southern North Sea.
8:00 PM EST | June 01, 2020
Petrofac Launches North Sea Decom Campaign
Petrofac has begun activity on its previously awarded well decommissioning contract for the Rubie and Renee fields in the U.K. Continental Shelf.
8:00 PM EST | May 27, 2020
Petrofac Gains 200 North Sea Workers With Repsol Contract
Petrofac will provide operations and maintenance support across six additional Repsol Sinopec assets.
8:00 PM EST | April 26, 2020
Petrofac Mulls Offshore Oil Asset Sale in Malaysia
Petrofac Ltd., the U.K.-listed oilfield service provider, is weighing a sale of its Malaysian assets for about $300 million.
7:00 PM EST | December 05, 2019
Petrofac Breaks Into Permian Shale Market with Latest Acquisition
International oilfield services provider Petrofac Limited announced Wednesday that it has entered into the world's largest producing basin with the acquisition of W&W Energy Services.
7:00 PM EST | November 19, 2019
Petrofac Sells its Remaining Mexico Assets
Petrofac exits its Mexico operations with a sale of its ownership in three fields to Perenco.
8:00 PM EST | September 18, 2019
Petrofac Wins Offshore UAE Contract
A Petrofac-NPCC JV has won a contract from an ADNOC-CNPC JV.
8:00 PM EST | July 28, 2019
Iraq And Petrofac Sign $369MM Deal To Build Majnoon Crude-Processing Plant
Iraq signs a $369 million contract with Petrofac to build a new crude-processing facility in the giant Majnoon oilfield.
8:00 PM EST | August 12, 2018
Petrofac To Sell 49% Of Mexican Operations
Petrofac says it agreed to sell 49% of its operations in Mexico to Perenco (Oil & Gas) International Ltd.
8:00 PM EST | July 29, 2018
Petrofac Extends North Sea Contract with Chevron
Oilfield services company Petrofac Ltd said its North Sea engineering services contract with a unit of Chevron Corp had been extended for 12 months.
8:00 PM EST | October 04, 2017
Petrofac JV Awarded $2B Refinery Contract In Oman
Petrofac says Oman's Duqm Refinery and Petrochemical Industries awarded a $2 billion contract to the British oilfield services company's 50:50 joint venture with Samsung Engineering.
8:00 PM EST | August 03, 2017
Petrofac Makes 29% Headcount Reduction, Revenue Hits $7.8B
Petrofac makes a headcount reduction of 29% to around 13,500 employees, the oilfield services firm reveals in its final results for 2016.
7:00 PM EST | February 21, 2017
Petrofac Secures BP North Sea Services Contract Extension
Oilfield services firm Petrofac secures a 3 year extension to a maintenance services contract with BP in the North Sea.
7:00 PM EST | February 05, 2017
Petrofac Says Services Business Sees Higher Bidding Activity
Petrofac Ltd said deferral and cancellation of projects hurt order intake at its biggest unit this year, but the recovery in oil prices has helped improve bidding activity for services contracts.
7:00 PM EST | December 14, 2016
Petrofac Halting Tunisia Gas Production Again Due To Protests
Petrofac is halting gas production in Tunisia after two weeks of renewed protests on the southern Kerkennah islands, the company said on Wednesday.
7:00 PM EST | December 13, 2016
Petrofac Secures SOC Services Contract in Iraq
Petrofac has secured a contract worth $75 million from South Oil Company (SOC) for its Iraq Crude Oil Export Expansion Project (ICOEEP).
7:00 PM EST | December 13, 2016
Petrofac Secures Mubadala Petroleum Services Contracts
Petrofac secures new and modified contracts from Mubadala Petroleum relating to the FPF-003 floating production, storage and offloading vessel located in the Jasmine/Ban Yen field in the Gulf of Thailand.
8:00 PM EST | October 30, 2016
Petrofac Appoints New CFO
Oilfield services company Petrofac Limited has appointed Alastair Cochran as the company's new chief financial officer and executive director, succeeding Tim Weller.
8:00 PM EST | October 20, 2016
Petrofac Resumes Operations In Tunisia After Protester Deal
Petrofac resumes its operations in Tunisia after the government reaches a deal with protesters who had disrupted gas production for nine months.
8:00 PM EST | September 27, 2016
Petrofac, Tecnicas Reunidas Likely To Win Saudi Aramco Deals
Petrofac and Tecnicas Reunidas are likely to win contracts to build projects for state oil giant Saudi Aramco's Uthmaniyah and Ras Tanura plants, industry sources say.
8:00 PM EST | August 15, 2016
G4S Names Petrofac's Tim Weller as CFO
G4S names Tim Weller as its new chief financial officer, poaching him from oilfield services company Petrofac where he held the same role.
8:00 PM EST | August 14, 2016
Ithaca Says Stella Production Facility Undergoing Sea Trials
The FPF-1 floating production facility, which is destined for the Stella field in the central North Sea, has left the Gdansk shipyard and is now undertaking final marine system trials.
8:00 PM EST | July 21, 2016
PETRONAS Reaches Deal with SapuraKencana, Petrofac for Berantai
PETRONAS reaches deal with SapuraKencana and Petrofac for the cessation of the Berantai Risk Service Contract located offshore Terangganu, Malaysia.
8:00 PM EST | July 10, 2016
Repsol Sinopec Awards Major North Sea Services Contracts
Repsol Sinopec Resources UK approves the award of major new services contracts in the North Sea.
8:00 PM EST | July 10, 2016
Ezra Sells 80% Interest in Lewek EMAS FPSO to PetroFirst for $166.35M
Singapore's Ezra agrees to sell stake 80 percent stake in PV Keez, owner of the Lewek EMAS floating production storage and offloading vessel, to PetroFirst Infrastructure 2 for $166.35 million.
8:00 PM EST | July 03, 2016
Petrofac Secures Contract from Bumi Armada for Olombendo FPSO
Petrofac secures a three year contract from Bumi Armada for the Olombendo floating production, storage and offloading unit, currently under conversion in Singapore.
8:00 PM EST | June 12, 2016
Petrofac Secures 3-Year North Sea Services Contract Extension
Petrofac secures a 3-year services contract extension from Total E&P UK to provide support for the Alwyn and Dunbar platforms in the Northern North Sea.
8:00 PM EST | May 18, 2016
Petrofac Secures Services Contract Offshore Aberdeen
Petrofac secures a 'duty holder' contract worth $250 million, which will see it support Anasuria Operating Company Limited as the company takes over as license operator of the Anasuria cluster offshore Aberdeen.
7:00 PM EST | March 10, 2016
Petrofac Bucks Oilfield Services Downturn with Record Order Book
UK oilfield services firm Petrofac bucks the downturn in its sector and posts a record order book.
7:00 PM EST | February 23, 2016
Ithaca Sees Production Doubling in 2016 on Stella Start-Up
Ithaca Energy sees its production more than doubling to 25,000 barrels per day by the end of 2016 thanks to the start-up of the Greater Stella Area development during the third quarter.
7:00 PM EST | January 11, 2016
Petrofac Expects Loss at Energy Services Unit in 2016
UK oilfield services firm Petrofac says its integrated energy services division will post a loss in 2016 due to the slump in oil prices.
7:00 PM EST | December 14, 2015
Petrofac Secures Contract Extensions with Two Key UKCS Customers
Oilfield services firm Petrofac secures $400 million worth of contract extensions with two key customers on the UK Continental Shelf.
7:00 PM EST | December 13, 2015
Middle East Deals See Rig Builder Lamprell Boost Workforce
Lamprell boosts its workforce by 1,500 to help it meet increased activity in the Middle East.
7:00 PM EST | November 26, 2015
Petrofac Bags EPC Contract for Saudi Aramco's Fadhili Gas Program
Petrofac bags an engineering, procurement and construction contract from Saudi Aramco for Fadhili gas program in Saudi Arabia.
7:00 PM EST | November 16, 2015
Energy Firms Team Up to Cut North Sea Costs
Petrofac, Faroe Petroleum and Eni Hewett establish a cost saving partnership to drive efficiencies and commercial synergies across their UK operations in the Southern North Sea.
7:00 PM EST | November 03, 2015
Petrofac Celebrates Sail-Away of First Modules to ZADCO's Upper Zakum Field
Petrofac celebrates the successful sail-away of the first two modules for ZADCO's Upper Zakum development offshore Abu Dhabi, United Arab Emirates.
8:00 PM EST | October 26, 2015
China's ZPMC Challenges Petrofac Over Termination of Vessel Building Deal
China's Shanghai Zhenhua Heavy Industries Co. will defend its legal rights pertaining to Petrofac's cancellation of a contract to build a deepwater multi-purpose offshore vessel.
8:00 PM EST | October 18, 2015
Petrofac Wins Shell Iraq Training Contract
Petrofac wins a multi-million dollar contract to supply training services to Shell Iraq.
8:00 PM EST | October 12, 2015
Petrofac Terminates Construction Vessel Building Deal with China's ZPMC
Petrofac terminates a contract with China's Shanghai Zhenhua Heavy Industry to build the Petrofac JSD 6000 deepwater construction vessel.
8:00 PM EST | October 08, 2015
Sources: Tecnicas and Petrofac Selected to Build $4.7B Saudi Gas Project
Spain's Tecnicas Reunidas and the UK's Petrofac win $4.7 billion of contracts to build the Fadhili gas plant in Saudi Arabia.
8:00 PM EST | September 14, 2015
Oil Servicers Say 'Fat Trimming' Will Become New Norm
A slump in oil prices is forcing the oil and gas services industry to trim costs in a way that executives say will create a lasting change.
8:00 PM EST | September 10, 2015
Petrofac Posts Net Loss of $133M in 1H 2015
Petrofac reveals a net loss of $133 million for the six month period ended June 30, 2015.
8:00 PM EST | August 24, 2015
PTS Warns UK Seafarers to be Prepared for Regulatory Changes
Petrofac Training Services warns UK seafarers to be prepared for upcoming changes to the Standards of Training, Certification and Watchkeeping, which are due to come into force on January 1, 2017.
8:00 PM EST | July 27, 2015
Petrofac Bags $780M EPC Contract from Kuwait Oil Company
Petrofac bags a $780 million engineering, procurement and construction contract from Kuwait Oil Company for a manifold group trunkline system in the north of Kuwait.
8:00 PM EST | July 09, 2015
Petrofac Expects Full Year Profit to be Weighted Towards H2
Petrofac expects its net profit for the year to be weighted towards the second half and states that its order book at the end of May had grown to $20.5 billion.
8:00 PM EST | June 22, 2015
Petrofac Secures $400M of Repeat UK Orders
Oilfield services firm Petrofac secures $400 million of contract renewals for operations and maintenance work on the UK Continental Shelf.
8:00 PM EST | June 18, 2015
Petrofac Secures Services Contract with PDO in Oman
Petrofac secures an engineering and procurement contract with Petroleum Development Oman to provide services for the Yibal Khuff project, located southwest of Muscat.
8:00 PM EST | June 10, 2015