Petrofac has begun issuing immediate termination notices and releasing employees from their notice periods after the loss of a major 2GW offshore wind contract pushed the group into administration, ...

Petrofac appointed administrators after TenneT canceled a 2GW energy contract in the Netherlands, triggering financial collapse. The company’s fall puts thousands of North Sea and global jobs at risk, ...

Petrofac’s collapse after losing a major contract with TenneT threatens over 2,000 jobs and raises new concerns for Britain’s energy industry Unsplash The collapse of Petrofac, once a £6 billion ...

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Petrofac's proposed restructuring plan has collapsed amid the withdrawal of a key multi-year contract, the company said on Thursday. "Petrofac confirms it has received notification from TenneT ...

Oil prices could top $150 per barrel, analysts have warned. North Sea oil and energy services group Petrofac has appointed administrators, putting thousands of jobs at risk. The company said it took ...

The UAE and surrounding region’s biggest business headlines this week spanned major layoffs, record-breaking real estate moves and landmark travel reforms. From Petrofac’s accelerated restructuring to ...

Financially beleaguered engineering and construction player Petrofac has laid off hundreds of employees in the United Arab Emirates, India and other key markets and is likely to further trim its ...

Petrofac’s rise, downfall traced through key events that reshaped its finances, reputation Dubai: Petrofac rose to the top of the energy services sector with a market value that once exceeded GBP6 ...

(Sharecast News) - Troubled oil services firm Petrofac on Monday filed for administration, putting 2,00 jobs at risk. The company said the administration applied to its holding company while ...