After years of restructuring and cost-cutting efforts, UK-listed oilfield services group Petrofac on Monday filed for administration, following the termination of its biggest contract. Petrofac’s ...

A leading Middle East state giant has suspended Petrofac from participating in its upcoming oil and gas tenders. Financially beleaguered Petrofac is currently in an administration process and ...

Dubai: The collapse of UK-based energy contractor Petrofac has raised questions over the future of several major oil and gas projects in the Gulf region, including multi-billion-dollar developments in ...