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Sector: Power - Oil
Project Type: Brownfield
Project Status: Operational
Region: Europe
Sector: Power - Oil
Project Type: Brownfield
Project Status: Under development
Region: Latin America
Sector: Power - Oil
Project Type: Greenfield
Project Status: Planning/Pre-development
Region: North America
Sector: Power - Oil
Project Type: Greenfield
Project Status: Planning/Pre-development
Region: Europe
Sector: Power - Oil
Project Status: Operational
Region: Asia
Sector: Power - Oil
Project Status: Operational
Region: Asia
Sector: Power - Oil
Project Status: Operational
Region: Asia
Sector: Power - Oil
Project Status: Operational
Region: Asia
Sector: Power - Oil
Project Status: Operational
Region: Asia
Petrofac, the UK-based EPC company that provides services to the oil, gas, petrochemical, renewables and broader energy industries, has filed for administration.
Oil companies are bracing for leaner times. The threat of a supply glut and general unease about the sector appears to have forced a reaction from exploration and production companies, which have slowed drilling activity and are attempting to realise greater efficiencies through consolidation and cost cuts.