Petrofac
North Sea’s oil rigs
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…
petrofac
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…
petrofac
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…
petrofac
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,…
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…
petrofac
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…
petrofac
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…
petrofac
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…
Petrofac's Operations Business Secures US$500 Million of Contracts
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…
petrofac
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…

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