Petrofac's enchanting funding for neo-natal unit

25 November 2014

Petrofac volunteers put in a towering effort to help raise £1,750 for an Aberdeen children’s charity at Crathes Castle this week......

Categories:   EUROPE   ABERDEEN  

Update on 2014 expectations and outlook for 2015

24 November 2014

Ayman Asfari, Petrofac’s Group Chief Executive, commented: “This has been a difficult period for Petrofac and the industry. The Board has analysed the potential impact of a lower oil price environment on our IES business and also made a critical assessment of our expectations for project delivery in 2015. In the main our project portfolio is in good shape, but it is clear that on a small number of projects our execution has fallen short of the high standards we set for ourselves. We have faced these difficulties and have taken robust action to address them and believe this leaves us on a surer footing for the future. “The foundations of the business remain strong. Our ECOM division is in very good shape, with good progress made on the resolution of a number of ECOM commercial settlements, a record level of backlog and an attractive pipeline of bidding opportunities. We are implementing clear and robust plans to improve project delivery and drive value from the IES contract portfolio. “I am confident that Petrofac will meet the challenges presented by certain projects in our portfolio and the medium-term growth prospects for our business remain strong.”.....


Petrofac achieves UK first with onshore oil spill training

31 October 2014

Petrofac Training Services (PTS) is responding to the industry’s onshore environmental training needs by developing two new courses to tackle onshore oil spills – one of which has achieved a UK first......

Categories:   EUROPE   ABERDEEN  

Petrofac secures further contract extension at Al Fao

30 October 2014

Petrofac has secured a second contract extension from South Oil Company (SOC) for support on its Iraq Crude Oil Expansion Project. .....

Categories:   MIDDLE EAST   IRAQ  

Petrofac awarded deepwater development project in Nova Scotia

28 October 2014

Petrofac has been awarded a contract to work with the Government of Nova Scotia to help it identify the best way forward to exploit its ultra-deepwater oil potential......

Categories:   AMERICAS  

Interim Management Statement

17 October 2014

On track to deliver net profit in the range US$580 million to US$600 million for the full year 2014, in line with previous guidance. Most successful year for new awards, with ECOM order intake of US$9.4 billion in the year to date......


Petrofac and Energy Institute Young Professionals Network partner up

17 October 2014

Petrofac has partnered with the Energy Institute Young Professionals Network (EIYPN) to support the Network’s annual events calendar, aimed at building industry links......

Categories:   EUROPE   ABERDEEN  

Petrofac Secures Duty Holder Contract With Faroe

13 October 2014

Petrofac Offshore Projects & Operations has secured a Duty Holder contract for two assets in the Southern North Sea, following their acquisition by Faroe Petroleum......


Petrofac secures two major contracts

09 October 2014

Petrofac’s Offshore Projects & Operations business unit has been awarded two major reimbursable contracts in the UKCS and the Middle East......

Categories:   EUROPE   ABERDEEN  

Petrofac Training achieves gold standard for safety

29 September 2014

Petrofac Training Services (PTS) has won gold at the Royal Society for the Prevention of Accidents (RoSPA) Occupational Health and Safety Awards – in its first year of entering......

Categories:   EUROPE   ABERDEEN  
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