North Sea Oil Giant Petrofac’s Shocking Collapse Puts 2,000 Jobs at Risk
Petrofac’s Collapse into Administration Petrofac, a leading services provider to the oil, gas and renewable energy industry, filed for administration on 27 October 2025, after last-ditch restructuring talks fell apart Ireland Live. The company confirmed it has applied to court to appoint administrators, effectively admitting it cannot meet its obligations without protection from creditors Ireland Live. Petrofac stressed that the…