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…
Company news
Petrofac extends contract in core North Sea market
Petrofac, a leading provider of services to the global energy industry, continues its work in the UK’s Souther North Sea…
Company news
Restructuring update: agreement in principle reached with SAMSUNG E&A and Saipem
Petrofac announces that it has reached an agreement in principle with SAMSUNG E&A and Saipem regarding their claims relating to…
Company news
Petrofac’s Operations Business Secures US$500 Million of Contracts
Petrofac’s Asset Solutions division has been awarded a collection of scope expansions and new contracts in the first quarter of…
International
Petrofac enters into binding agreement with creditors on restructuring terms
Petrofac said it had entered into a binding agreement with key financial creditors on the terms of a comprehensive restructuring…
Podcast Banner
WellPro
Cegal banner
RCP
Westerton Access Banner
Quanta Banner
Advertise with OGV Energy
This website uses cookies to improve your experience. If you continue to use this site, you agree with it.
