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Petrofac Newsletter
  • Thousands of jobs saved as Petrofac set to be purchased 25 Dec 2025 13:39 GMT

    … first quarter of 2026. Petrofac announced in October that … James Bennett, joint administrator for Petrofac, said the deal was … the best home for Petrofac’s Asset Solutions business, … a complementary geographic footprint.” Petrofac group chief executive Tareq …

  • Wheels up for CB&I to bring Petrofac’s Asset Solutions business into its fold 25 Dec 2025 08:44 GMT

    … and geographic expansion. Illustration; Source: Petrofac This sale agreement is perceived … and special initiatives. John Pearson, Petrofac Asset Solutions’ Chief Operating Officer … a complementary geographic footprint.” Petrofac won a contract extension in …

  • CB&I Agrees to Acquire Petrofac Asset Solutions Business 24 Dec 2025 16:21 GMT

    … I has agreed to acquire Petrofac Asset Solutions, adding operations … &I take over Petrofac’s Asset Solutions business, … 2026. Around 3,000 Petrofac employees are expected to … transition,” added John Pearson, Petrofac Asset Solutions Chief Operating Officer.

  • Petrofac to sell Asset Solutions business to Texas-based CB&I 24 Dec 2025 15:36 GMT

    … of between $45m and $55m, Petrofac said. Chief executive Tareq Kawash …

  • CBI to Acquire Petrofac Asset Solutions Business 24 Dec 2025 12:24 GMT

    … restructuring. About 3,000 Petrofac employees would join CB… cash flow generation". Petrofac said, "The consideration … 2026". "Petrofac continues to advance options … holding company only [Petrofac Ltd]", Petrofac said. "The …

  • CB&I acquires Petrofac’s Asset Solutions 24 Dec 2025 08:47 GMT

    … sale agreement to acquire Petrofac’s Asset Solutions business, … projects,” said John Pearson, Petrofac Asset Solutions Chief Operating … Teneo and Joint Administrator of Petrofac, said: “Following a … 2026. Approximately 3,000 Petrofac employees are expected to …

  • CB&I Announces Strategic Acquisition of Petrofac’s Asset Solutions Business 24 Dec 2025 07:24 GMT

    … ,” said John Pearson, Petrofac Asset Solutions Chief Operating … Teneo and Joint Administrator of Petrofac Limited, said: “Following … . Approximately 3,000 Petrofac employees are expected to … cbi.com.  About Petrofac Asset Solutions Petrofac Asset Solutions is …

  • Thousands of jobs set to be saved at oil and gas firm 25 Dec 2025 15:25 GMT

    … part of energy services firm Petrofac was bought out of … slump in its fortunes. Petrofac group chief executive Tareq Kawash … James Bennett, joint administrator for Petrofac, said the deal was … in Texas in 1981, Petrofac designs and builds facilities for …

  • Why Lebanon's bank customers will struggle to be fully repaid 25 Dec 2025 14:05 GMT

    … officially opens investigation into Petrofac’s use of agents … secure contracts September 2021 Petrofac pleads guilty to … sentence  December 2024 Petrofac enters into comprehensive restructuring … restructuring plan August 2025 Petrofac issues a business …

  • Thousands of North Sea jobs saved in Christmas Eve rescue deal 25 Dec 2025 11:54 GMT

    … buying North Sea platform company Petrofac’s Asset Solutions business. It … Kawash, group chief executive of Petrofac, said: “This is a great … to secure the business’ future.” Petrofac’s UK business is based …

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