Petrofac files for administration putting 2,000 jobs at risk

NAMPA / DPA
2025-10-27
London (PA Media/dpa) - Oil and gas services firm Petrofac has filed for administration, putting around 2,000 Scottish jobs at risk. The company is tumbling into insolvency after recent restructuring plans collapsed in the wake of a failed renewables contract in the Netherlands. On Monday, Petrofac told investors that it has applied to the British High Court to appoint administrators. The firm employs more than 7,000 workers globally. This includ......
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