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Petrofac Limited news

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National Grid and Petrofac plan �1bn Scottish carbon capture and storage plant
The consortium said it proposed to build a low-carbon coal power station at the Port of Grangemouth, west of Edinburgh on the Firth of Forth in Scotland.
Morgan Stanley Targeting Mexico Energy for Private Equity
... first time since 1938. Last year, Pemex awarded two blocks to Petrofac Ltd. and one to Schlumberger Ltd. to produce crude from aging fields.
Shell Iraq: Majnoon
“We awarded this contract following a tender process, of which Petrofac emerged the winner. From both a technical and commercial point of view, Petrofac was the most attractive choice for us,” confirms Shell's project manager for Majnoon, Nasser Al-Bader.
Saudi contracting firm Al-Mojil sinks into hole
All of this results in an inverted pyramid heavy with obligations at the top and balanced on a limited-contract base. The company has relied on the state-owned Saudi Arabian Oil Company for construction contracts.
MARKET REPORT: EnQuest gushes on talk of a bid
EnQuest, which has said it aims to boost production to more than 40,000 barrels of oil equivalent a day by 2014, in January agreed to acquire a 20pc stake in the Kraken heavy oil discovery from Canamens Ltd, for �57m cash. A move which prompted broker ...
India: First 'Full City' Public-Private Partnership
A multi-local player, Veolia Water India has set up a special purpose entity, Orange City Water, in a joint venture with Vishvaraj Environment Ltd., one of India's leading civil engineering and services companies. Orange City Water will have to deliver ...