News
December
- Petrofac Awarded US$280 Million Offshore Contract by Petronas in Malaysia30 December 2010
- Petrofac to Commence US$3.4 Billion Second Phase of Turkmenistan Contract22 December 2010
- Trading Update17 December 2010
- Petrofac Acquires Interest in UK Gas Storage Company6 December 2010
- Petrofac Emirates Achieves Independent Certification to ISO 90015 December 2010
November
- Strategic Alliance with Seven Energy25 November 2010
- SPD Completes Multi-Well, Multi-Customer Management Programme in UK North Sea18 November 2010
- Petrofac Awarded £40 Million North Sea Engineering Services Contract by Maersk Oil12 November 2010
- Petrofac First to Attain Approval for New OPITO Major Emergency Management Course1 November 2010
October
- Petrofac Awarded Gas Plant Contract with Total27 October 2010
- Interim Management Statement21 October 2010
- Petrofac Employees Support Pakistan Flood Victims21 October 2010
- Petrofac to provide Duty Holder Services for Sharjah Government11 October 2010
- Petrofac Creates New National Training Centre for Syrian Arab Republic7 October 2010
- Petrofac and Shell Agree Partnership for North Sea CCS Project4 October 2010
August
July
June
May
April
- Petrofac Acquires CO2 Storage Business27 April 2010
- Petrofac Secures New North Sea Contract with Britannia26 April 2010
- Petrofac Athletics League begins new season23 April 2010
- Completion of the Demerger of the UK Continental Shelf Oil & Gas Assets of Petrofac Energy Developments6 April 2010
- Petrofac Acquires Metering Specialist1 April 2010
March
- SPD Commences Multi-well, Multi-customer Manangement Programme in UK North Sea30 March 2010
- Petrofac Wins Qatar Petroleum Contract Worth More Than US$600 Million29 March 2010
- Petrofac Helps Aberdeen School Raise More Than £7,000 at Annual Dinner Dance26 March 2010
- Eclipse Petroleum Technology Signs Agreement with Weatherford to Enhance and Distribute PetroAtlas22 March 2010
- Final Results for the Year Ended 31 December 20098 March 2010
- Directorate/Board Committee Changes8 March 2010
- Petrofac Begins Pipeline Export and Production from Don Southwest Sidetrack5 March 2010
- Proposed Demerger of the UK Continental Shelf oil & gas assets of Petrofac Energy Developments to create EnQuest PLC4 March 2010
- Circular posted to Shareholders4 March 2010
January
Petrofac Acquires CO2 Storage Business
27 April, 2010
Petrofac, the international oil & gas facilities service provider, confirms that it has acquired CO2DeepStore Limited (CO2DeepStore) a UK-based CO2 storage company.
Established in 2007 in Aberdeen, Scotland CO2DeepStore is focussed on the CO2 geological storage sector of the carbon capture and storage (CCS) market. The executive management team of the business will join Petrofac as part of the agreement.
CCS is a rapidly developing sector and involves the capture of CO2 from major emissions sources such as coal and gas fired power generation facilities, LNG and gas processing plants. The resulting CO2 is safely transported and permanently stored deep underground in depleted gas reservoirs or saline aquifers.
As part of the Petrofac group, CO2DeepStore will accelerate its plans for growth and development, while the acquisition represents Petrofac’s first step into the low carbon energy sector. There are many synergies between the CO2 transport and storage business and Petrofac’s Offshore Engineering & Operations and Energy Developments businesses. The combination of the two organisations establishes a leading development capability for CO2 storage projects, providing a complete storage service for power generators and other CO2 emitters.
Robin Pinchbeck, Petrofac’s group director, strategy and corporate development, commented: “The storage of CO2 is an important part of the emerging low carbon energy mix and we are excited about the potential opportunities for our group in this sector. We are very pleased to welcome Alan and his team to Petrofac and look forward to working with them to progress our plans.”
Alan James, managing director, CO2DeepStore said: “The combination of Petrofac’s financial strength and development capability together with our specialist knowledge and experience will help to position CO2DeepStore as the leading CO2 storage project developer in this new sector servicing the requirements of the major emitters who are establishing CCS projects.”