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Petrofac

March 2023

  • A section of an oil platform is pictured in the North Sea.

    North Sea oil and gas workers vote to strike amid bumper profits

    Series of actions planned this spring as union members call for more pay since firms are ‘raking it’

May 2022

  • Ayman Asfari

    Tory donor Ayman Asfari to leave bribery scandal-hit Petrofac

    Syrian-born businessman who built London-listed oil company was investigated by Serious Fraud Office

October 2021

  • Ayman Asfari

    Petrofac fined £70m over bribes to secure Middle East contracts

    Firm led by Tory donor admitted failing to prevent corruption by executives between 2011 and 2017

September 2021

  • A Petrofac facility at Aberdeen harbour, Scotland

    Tory donor’s oil firm admits employees paid bribes to get contracts

    Petrofac made admission as part of deal to end four-year corruption investigation by Serious Fraud Office

June 2021

  • Petrofac logo on smartphone

    Oil firm led by Tory donor investigated over alleged bribes in nine countries

    UK-based Petrofac accused of making payments over more than 15 years to secure contracts

February 2020

  • Liam Fox, the then international trade secretary, meets Bahrain’s crown prince Salman bin Hamad al-Khalifa, 2018.

    Fox lobbied Bahraini royals for oil contract with Tory donor's firm

    Liam Fox intervened to promote a $5bn deal with Petrofac, under investigation by the Serious Fraud Office

November 2019

  • A Petrofac facility at Aberdeen harbour.

    Petrofac executive accused of keeping fake accounts to disguise bribes

    UK-based multinational energy firm is under investigation by Serious Fraud Office

October 2019

  • Theresa May meets Prince Khalifa bin Salman bin Hamad Al Khalifa in Bahrain in December 2016

    Revealed: Cameron and May lobbied Bahrain royals for Tory donor's oil firm

    Former PMs asked princes to support bid for $5bn contract by Ayman Asfari’s firm Petrofac

August 2019

  • An oil terminal

    SFO names four Petrofac managers over multimillion-pound bribe scheme

    Allegation about oil contracts was made by the Serious Fraud Office in a court document

February 2019

  • Maroun Semaan

    Petrofac co-founder accused posthumously of paying bribes

    SFO alleges Maroun Semaan was complicit in six counts concerning multi-million-dollar scheme

June 2018

  • Petrofac CEO Ayman Asfari

    Oil firm headed by Tory donor refused to pay £14m consultancy bill

    Consultant alleges Petrofac refused to pay because of SFO investigation into its activities

May 2017

  • Nils Pratley

    Nils Pratley on finance
    Petrofac's move to appease SFO offers fuel for thought

    Nils Pratley
    The decision to suspend its COO amid a fraud investigation represents a deep crisis for the oil services firm

January 2016

  • Ships tied up in a harbour in Aberdeen, where much of the British oil industry is based.

    BP to axe 1 in 5 North Sea jobs as oil giant cuts 4,000 staff worldwide

    Energy giant blames persistently low Brent crude price for major reduction in exploration and production jobs but has no plans to close any UK oil rigs

November 2015

  • Amec suffers as oil companies cut investment.

    Market Forces blog
    Amec Foster drops by a fifth after slashing dividend amid tough markets

    Oil services group warns of an extended period of weakness

June 2015

  • Sports Direct boosted by buy note.

    Market Forces blog
    FTSE edges higher on Greek hopes while Sports Direct lifted by upgrade

    Investors welcome signs of possible deal in eurozone crisis

April 2015

  • Arm beats expectations.

    Market Forces blog
    Arm and Sky boost FTSE 100 but miners prove a drag

    Bid speculation surrounds InterContinental Hotels and Johnson Matthey

January 2015

  • China's gross domestic product grew by 7.4% in 2014. Photo: Guo Xulei/Xinhua Press/Corbis

    Market Forces blog
    FTSE climbs despite IMF downgrades, but Coca Cola Bottling and Unilever lead fallers

    Investors shrug off growth downgrades as miners rise on better than expected Chinese data

December 2014

  • Traders on the New York Stock Exchange floor as the Dow jumps more than 400 points. Photo: Andrew Burton/Getty Images

    Market Forces blog
    FTSE on track for biggest weekly rise in more than two years

    Federal Reserve comments and positive economic signs give markets pre-Christmas lift
  • Traders at the New York Stock Exchange as Fed chair Janet Yellen speaks. Photo:  EPA/Andrew Gombert.

    Market Forces blog
    FTSE 100 rises after US Fed comments, while Arm gets broker boost

    Investors push markets higher on comments that US central bank is “patient” about rate rises
  • Shares weak ahead of Fed, Greek poll and amid rouble worries. Photo: Reuters/Brendan McDermid.:

    Market Forces blog
    FTSE falters on Russia, Greek and Fed worries but Abramovich's Evraz rallies

    Russian steelmaker bucks trend after positive recommendation from Deutsche Bank
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