Petrofac news

Petrofac News, Browse the latest news issued by Petrofac, a leading energy services company that designs, builds, and operates onshore and Petrofac entered administration in October 2025 after losing its TenneT contract. The British engineering NewsNow aims to be the world’s most accurate and comprehensive aggregator of Petrofac news, covering the latest stories on the Petrofac seeks creditor approval to complete Asset Solutions sale Finance Load more Petrofac Limited is a British international energy services company that designs, builds, manages and maintains oil, gas, refining, News article - Regulatory News Service Petrofac announces that it has received formal approval from the High Court of England and Wales to implement its Restructuring Plan. As previously Petrofac, a North Sea oil and energy services group, has appointed administrators after a key customer terminated its contract, Sharjah-based oilfield services company Petrofac says UAE operations are continuing, despite laying off 180 people after a Further to its release on 24 February 2025, a court hearing for Petrofac’s planned financial restructuring . A plethora of issues have hit the firm in recent years. Full breakdown of the Our stories, told by our people, on the topics that matter to Petrofac. Further to its announcement on 27 October 2025, Petrofac (“Petrofac” or “the Group”) provides the following update. 3,000 jobs saved two months after oil and gas firm plunged into administration Petrofac's board, chaired by former Anglo American finance director Rene Medori, is holding emergency talks this weekend, Sky Petrofac's sale of its Asset Solutions business to CB&I is set for a crucial creditor vote on January 30. The Petrofac administration not a great start to the week for Ed Miliband though relief could come The failure of Petrofac, a company A deal to take part of energy services firm Petrofac, which employs 2,000 people in Aberdeen, out of administration has been agreed. 5b energy giant to UK administration, UAE layoffs and staff accepting Petrofac - Find the Latest News, Views, Reviews, Comments, Analysis, Updates, Photos & Videos on Petrofac across Dubai, UAE, Petrofac - Find the Latest News, Views, Reviews, Comments, Analysis, Updates, Photos & Videos on Petrofac across Dubai, Abu CB&I has agreed to acquire Petrofac Asset Solutions, adding operations, maintenance and decommissioning services to its portfolio NewsNow aims to be the world’s most accurate and comprehensive aggregator of Petrofac news, covering the latest stories on the Petrofac, once a titan of industry, is now set to enter administration. We use our engineering know-how and our consultancy Get the latest energy news on Petrofac, a global oilfield services and engineering firm driving major energy Inside Petrofac’s collapse: from Dh27. Asset Solutions sold to CB&I. Laid-off Petrofac employees confirm salary payments, end-of-service dues still uncertain Former Petrofac Petrofac says its UAE operations remain steady as restructuring actions advance in Jersey Operations The former chief executive of Petrofac, the oilfield services group which collapsed last month, is in talks to With another major client now walking away, the focus will turn to what this means for remaining Petrofac The company went into administration in October. Petrofac’s board has lined up Teneo to act as administrator, a move which could be triggered as early as Monday morning and For years, Petrofac was among the most trusted names in the Gulf’s energy sector. txw5bt, oxic, b16icwvr, 7z102b, dxn3zsm, ezo3orgu, aben, dwrktbfp, oy2, la,