Oil and gas firm Petrofac files for administration, putting thousands of jobs at risk

The Guardian•Monday, October 27, 2025 at 12:19:12 PM

Petrofac, a major player in the North Sea oil and gas sector, has filed for administration, raising concerns for over 2,000 jobs in Scotland. While the company assures that this move only affects its ultimate holding company and that operations will continue, the uncertainty surrounding job security is significant. This development highlights the ongoing challenges faced by the energy sector and the potential impact on local economies, making it a crucial issue for workers and stakeholders alike.

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