Administrators lined up for North Sea oilfield services group Petrofac

Sky NewsSaturday, October 25, 2025 at 6:56:00 AM
Administrators lined up for North Sea oilfield services group Petrofac
Petrofac, a key player in the North Sea oilfield services sector, is currently in the process of lining up administrators. This development is significant as it highlights the challenges faced by companies in the oil and gas industry, particularly in the context of fluctuating market conditions and regulatory pressures. Stakeholders will be closely monitoring how this situation unfolds and its potential impact on the broader energy sector.
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