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Petrofac Barred from New Adnoc Contracts Mar 16, 2021 6:30:am Summary The UK's Serious Fraud Office estimates that $30mn in corrupt payments were made in connection with two contracts Petrofac secured in the UAE in 2013 and 2014. by: Joe Murphy UK contractor Petrofac reported on March 16 it had been suspended from competing for new awards from Abu Dhabi's national oil firm Adnoc until further notice over a bribery case. The company's sha... Posted in:

Wood Bags Service Deal at UK Morecambe Fields Jan 19, 2021 8:40:am Summary The UK contractor will work to extend the fields' life, lower costs and reduce late-life carbon intensity under a $130mn five-year deal. by: Joe Murphy Posted in: Wood Bags Service Deal at UK Morecambe Fields UK contractor Wood said on January 19 it had entered a deal with Centrica-owned producer Spirit Energy to deliver late life solutions for the Morecambe Bay gas fields. The five-year services contract is valued at $130mn and will see Wood working to extend field life, lower costs and red...