Jobs at risk as North Sea firm Petrofac set for administration

NAMPA / DPA
2025-10-27
London (PA Media/dpa) - Oil and gas services firm Petrofac is to appoint administrators, putting thousands of jobs at risk. The company employs more than 7,000 workers globally, with around 2,000 of these based at its North Sea hub in Scotland, according to reports. On Monday, the company told investors that it has applied to the British High Court to appoint administrators. The move comes after the collapse of restructuring talks, which failed a......
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