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

North Sea contractor says move applies only to its ultimate holding company and it will continue to tradeBusiness live – latest updatesPetrofac, one of the biggest North Sea oil and gas contractors, has filed for administration, putting more than 2,000 jobs in Scotland at risk.The energy services provider said it had applied to the high court of England and Wales to appoint administrators, after it lost a big offshore wind project over its failure to meet contractual obligations. Continue reading...