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Oil News

Petrofac falls into administration

2025-10-27T13:34:00+00:00

Petrofac, the UK-based EPC company that provides services to the oil, gas, petrochemical, renewables and broader energy industries, has filed for administration.

Leaner times ahead?

2025-09-22T08:03:00+01:00

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.