Petrofac says its UAE operations remain steady as restructuring actions advance in Jersey Operations across Petrofac’s portfolio in the UAE…
Contracts
Petrofac says UAE projects on track despite layoffs
About 180 employees in the Emirates dismissed after Sharjah company’s multibillion-euro contract was cancelled Sharjah-based oilfield services company Petrofac says…
International
Petrofac fires 200 UAE staff, end-of-service payouts in doubt
UAE engineers talk to Gulf News about rushed layoffs and unpaid EOSB Dubai: Petrofac has begun firing hundreds of staff…
Regional
Thousands of jobs at risk as North Sea giant files for administration
Petrofac, one of the UK’s crucial North Sea oil and gas contractors has filed for administration, putting 2,000 jobs at…
Regional
Administrators lined up for North Sea oilfield services group Petrofac
Petrofac’s board has lined up Teneo to act as administrator, a move which could be triggered as early as Monday…
International
Petrofac Faces Restructuring Challenges After TenneT Contract Termination
Petrofac announced that TenneT has terminated its scope of work on the 2GW programme, prompting the company to reassess its…
International
Petrofac confirms restructuring will leave shareholders ‘no residual value’
Struggling energy infrastructure company Petrofac has announced its proposed restructuring will result in “no residual value” for existing shareholders. Petrofac,…
Contracts
Petrofac Secures Two Contract Extensions for North Sea Assets
Petrofac said it has secured a two-year, $50 million contract renewal from Ithaca Energy, extending its work for the oil…
Contracts
Petrofac continues its relationship with Ithaca Energy in the UK North Sea
Petrofac, a leading provider of services to the global energy industry, has extended its work in the UK’s North Sea…
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