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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.
Shell Iraq: Majnoon
Leading oil and gas services provider Petrofac has been brought in to provide engineering, procurement, fabrication and construction management services to support the development of the new early production system (EPS).
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.
Tidewater Provides Update on Sonatide Joint Venture
Tidewater Inc. announced today the following update with respect to its negotiations with Sonangol, the national oil company of Angola, regarding Sonatide, the joint venture between Sonangol and Tidewater through which Tidewater markets its boat ...
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 ...
South Sudan lures infrastructure investment
LAPSSET, Africa's largest ongoing infrastructure project, and a new channel for South Sudan's oil wealth. RELATED ARTICLES: Infrastructure on luxury Marrakech project at 45% | Experts say airport infrastructure on right track | CW Conference: Qatar can ...
Libya's 2012 budget focuses on reconstruction
Petrofac bags extension contract from Mubadala · Construction prospects to be showcased in China · UAE's nuclear authority approves budget for 2017 · UAE's EGA opens container terminal in Guinea · Saudi: Construction sector poses risk to banks ...
Al Jawharah in Jeddah on track for 2013 completion
He commented that there is limited high-rise contractor expertise in Saudi Arabia at present, which meant such expertise had to be imported from the UAE and elsewhere.
Concerns over project delays in Oman voiced by CEO
Salim Tahib Al Saeedi, chief executive officer, Oman Society of Contractors said there are many causes for project delays in Oman.
Urgent need for second-tier contractors in Jeddah
There is an urgent need for second- and even third-tier contractors in Jeddah to service private developers. This is the view of Radwan Hariri, head of development and operations at Oger Real Estate, speaking at the CW Jeddah Expansion 2012 conference ...