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
The recent news about Petrofac facing insolvency is concerning, as it puts over 2,000 jobs in Scotland at risk. This situation highlights the challenges within the oil and energy sector, especially as companies navigate financial difficulties. The potential collapse of such a significant player in the industry could have far-reaching implications for the local economy and the workforce.
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