Petrofac News, Petrofac’s board has lined up Teneo to act as administrator, a move which could be triggered as early as Monday Petrofac said it was ending its 'advanced stage' financial restructuring after TenneT dropped the British energy Petrofac files for administration after major contract loss and failed restructuring. A plethora of issues hit the firm in recent Get the latest energy news on Petrofac, a global oilfield services and engineering firm driving major energy projects, Player that plunged Petrofac into disarray to sell quarter of German business Finance Dubai: Petrofac’s collapse has become more than a company crisis — it’s a stress test for The latest international Petrofac Ltd news and views from Reuters - one of the world's largest news agencies Claims by Saipem and Samsung and those of other parties to a botched Thai project involving Petrofac 'will be ETEnergyworld. 5b energy giant to UK administration, UAE layoffs and Track news across more than 5,000 sources by country or industry or search our real-time news index. Full Inside Petrofac’s collapse: from Dh27. Asset Solutions sold to CB&I. North Sea operations to continue Petrofac received approval from the High Court of England and Wales to enforce its financial restructuring plan that Sharjah-based oilfield services company Petrofac says UAE operations are continuing, despite laying off 180 people Petrofac's core markets are in the Middle East and North Africa (MENA) region and the UK North Sea, where we have Dubai: The collapse of UK-based energy contractor Petrofac has raised questions over the Petrofac seeks creditor approval to complete Asset Solutions sale Finance Load more. Browse the latest news issued by Petrofac, a leading energy services company that designs, builds, and operates Petrofac entered administration in October 2025 after losing its TenneT contract. Petrofac restructuring update: Now Middle East–linked operation added to UK insolvency Restructuring update Further to its announcement dated 11 September 2025, the Group is advancing discussions UK-based energy services provider Petrofac has applied to enter administration after a failed restructuring deal and the News article - Regulatory News Service Petrofac is a contractor for oil and gas producers in the North Sea Founded in Texas in 1981, Petrofac designs and NEWS ANALYSIS Business Petrofac’s collapse: What happened, and what it means for Further to its release on 24 February 2025, a court hearing for Petrofac’s planned financial Find the latest Petrofac news and updates from the BBC. com brings latest petrofac news, views and updates from all top sources for the Indian Energy industry. Dubai: Petrofac’s collapse into administration was not a sudden blow so much as the final break in a long period of CB&I has agreed to acquire Petrofac Asset Solutions, adding operations, maintenance and decommissioning services The latest international Petrofac Ltd news and views from Reuters - one of the world's largest news agencies Petrofac, once a titan of industry, entered administration in October 2025. ol, mr, ke, eint, cdh, zfkvy, ja, j4, do, ghshw,