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An offshore oil platform stands in the ocean under a blue sky, with a crane and various structures visible. Distant mountains and faint landforms are seen on the horizon. @ stockmark.it

Petrofac Faces Administration as North Sea Jobs Hang in the Balance

About 2,000 Petrofac employees working in the North Sea are facing an uncertain future after the oil services company, once a FTSE 100 stalwart, filed for administration. Petrofac, which boasts

Offshore oil rigs, possibly operated by foreign firms, are silhouetted against a dramatic sunset sky with dark clouds. The sun casts a reddish glow on the water as several birds fly near the North Sea oil platforms. @ stockmark.it

Oil and Gas2 months ago

Petrofac on the Brink North Sea Energy at Risk as Government Monitors Collapse

Petrofac, one of the United Kingdom’s leading offshore oil and gas contractors, faces a critical juncture as it scrambles to secure its financial future. The Aberdeen-based company, employing 2,000 skilled

A modern factory interior with large industrial machines, pipes, and metal tanks. The space is clean, brightly lit, and features red and silver equipment under a blue steel roof.

Business2 months ago

Petrofac teeters as TenneT cancels multibillion contract

Petrofac is facing the gravest crisis in its two decade history after TenneT, the Dutch electricity grid operator, cancelled a €13 billion offshore wind contract. The termination of this major

All posts tagged in Petrofac

Petrofac Faces Administration as North Sea Jobs Hang in the Balance

Petrofac on the Brink North Sea Energy at Risk as Government Monitors Collapse

Petrofac teeters as TenneT cancels multibillion contract

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