Petrofac


All posts for Petrofac

Petrofac Secures Series of Well Engineering Contracts

Petrofac has strengthened its global Well Engineering contracts portfolio following a series of award wins worth a combined value of around US$20 million. Petrofac secured an exclusive five-year Well Operator Services contract from independent Exploration & Production company, Tailwind Energy Ltd ...

OilVoice Press - OilVoice


Posted 5 days agoPress > PetrofacContractwell +2

Petrofac Awarded US$600 Million Project in Algeria

Petrofac has received a provisional letter of award for an engineering, procurement and construction (EPC) contract worth US$600 million with Sonatrach for EPC1 of the Tinhert Field Development Project in Algeria. Formal contract signing is expected to take place in September 2018. Located in Ohan ...

OilVoice Press - OilVoice


Posted 21 days agoPress > PetrofacAlgeriaEPC +1

Petrofac: Results For the Six Months Ended 30 June 2018

Strong operational performance in all our businesses Business performance net profit (1)(2) up 20% to US$190 million Reported net loss (2) of US$17 million post impairments and exceptional items of US$207 million New order intake (3) of US$3.3 billion year to date; backlog (4) of US$9.7 ...

OilVoice Press - OilVoice


Posted 21 days agoPress > PetrofacResultsEarnings +3

Oil Price, Rockhopper/Premier, Petrofac, Pantheon, Bahamas Petroleum, and Finally...

WTI $67.83 -3c, Brent $74.73 -5c, Diff -$6.90 -2c, NG $2.96 +1c Oil Price With this morning's 50+cent rally oil will end up having quite a good week, it needed to as a combination of world events have kept the lid on prices up til now. The interesting thing is whether the rise has been at ...

Malcolm Graham-Wood - Malcy's Blog


Posted 26 days agoOpinion > MalcyMalcy'sMalcy's Blog +7

Ithaca Energy GSA Acquisitions

Ithaca Energy Limited (IAECN: ISINs US465676AA22 / USC48677AA34) (the “Company”) announces it has entered into agreements to acquire all the Greater Stella Area (“GSA”) licences and associated infrastructure interests of Dyas UK Limited (“Dyas”) and Petrofac Limited (“Petrofac”). The acquisition ma ...

OilVoice Press - OilVoice


Posted 27 days agoPress > Ithaca EnergyDyas UKPetrofac +4

Petrofac Agrees to Sell Interest in Greater Stella Area Development

Petrofac Limited (“Petrofac” or “the Company”) announces that it has today signed an agreement to sell Petrofac GSA Holdings Limited (1) to Ithaca Energy (UK) Limited (“Ithaca”) for a total consideration of up to US$292 million. Petrofac GSA Holdings Limited owns Petrofac's 20% interest in the Gre ...

OilVoice Press - OilVoice


Posted 27 days agoPress > PetrofacGreater Stella AreaGSA Holdings +2

Petrofac Appoints Chief Digital Officer

Petrofac has appointed Fady Sleiman Chief Digital Officer as the oilfield services company continues its digital transformation. Fady joins from MENA investment company Waha Capital, where he was Chief Information Officer/Group Head of IT for the Abu Dhabi based company from 2014. Prior to that ...

OilVoice Press - OilVoice


Posted 1 month agoPress > PetrofacAppointmentChief Digital Officer

Petrofac Awarded Basra Oil Company EPC Contract

Petrofac has been awarded a contract worth around US$370 million by Basra Oil Company (BOC) for expansion of the Central Processing Facility (CPF), located in the Majnoon Field, Southern Iraq. Under the terms of the 34-month contract, the lump-sum engineering, procurement and construction (EP ...

OilVoice Press - OilVoice


Posted 1 month agoPress > PetrofacContractBasra Oil Company +6

Petrofac Secures New Banking Facilities

Petrofac Limited ("Petrofac" or "the Company") announces that it has secured US$300 million of new bank facilities with existing relationship banks. These new committed facilities, which will mature in 2020, provide additional liquidity and will reduce utilisation of the Company's existing revolving ...

OilVoice Press - OilVoice


Posted 1 month agoPress > PetrofacBanking

Petrofac Awarded Additional Scope of Work With Tatweer Petroleum

Petrofac's Engineering & Production Services East business is pleased to announce that it has been awarded a multi-million dollar additional scope of work in Bahrain from Tatweer Petroleum, following its successful installation of a 500 MMSCFD Gas Dehydration Facility for the client. Under the ter ...

OilVoice Press - OilVoice


Posted 1 month agoPress > PetrofacTatweer PetroleumBahrain +1

Petrofac Awarded Five-Year Contract Extension by ONE

Petrofac's Engineering & Production Services (EPS) business has secured a five-year renewal on its Duty Holder Support Services contract with Oranje-Nassau Energie Resources Limited (ONE). Under the agreement, which is worth in the region of US$20 million over the term, Petrofac will continue to p ...

OilVoice Press - OilVoice


Posted 1 month agoPress > PetrofacContractEPS +4

Petrofac Introduces Partner in Mexico

Petrofac Limited (“Petrofac” or “the Company”) announces that it has today signed an agreement to sell 49% of the Company's operations in Mexico (1)(2) , including Santuario, Magallanes and Arenque, to Perenco (Oil & Gas) International Limited (“Perenco”). The transaction is subject to approval by ...

OilVoice Press - OilVoice


Posted 1 month agoPress > PetrofacMexicoPartnership +2

Petrofac Awarded Dutch Offshore Wind Contract

Petrofac has been awarded a contract by TenneT, the Dutch-German transmission grid operator, for the Hollandse Kust Zuid (HKZ) offshore grid connection and more specifically for the Alpha and optional Beta HVAC platforms (substations) in the North Sea. The Dutch government is targeting a total of ...

OilVoice Press - OilVoice


Posted 2 months agoPress > windContractNetherlands +5

Petrofac Strengthens Iraq Presence With Contracts Worth US$110 Million

Petrofac has secured a new award and a number of contract extensions, with a combined value of more than US$110 million, for construction management, engineering, commissioning and start-up services for international oil company clients in Iraq. Petrofac has been active in Iraq since 2010 and has ...

OilVoice Press - OilVoice


Posted 2 months agoPress > PetrofacIraqContract +1

Petrofac - Disposal of Chergui Asset

Petrofac announces that it has agreed the sale of its entire 45% interest in the Chergui asset in Tunisia to Perenco. This sale marks another milestone in the Group's strategy to transition back to a capital light business model by divesting non-core assets and follows the recent disposal of the J ...

OilVoice Press - OilVoice


Posted 2 months agoPress > PetrofacDisposalDivestment +3