Petrofac’s UK business is based in Aberdeen and is involved in the operation of North Sea oil platforms for firms including ...

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People close to the company say they are hopeful a buyer can be found swiftly for its North Sea operations, possibly in the coming days.

America’s labor market is flashing red, and the Federal Reserve is watching the light change instead of hitting the brakes.

Once highly sought after, DEI professionals now find their experience a liability as companies fear lawsuits and loss of ...

Petrofac has entered administration after losing a major Dutch contract, threatening thousands of jobs and reigniting debate over the future of the UK’s North Sea energy industry.