-
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 …
-
King Charles highlights common bond of world's faiths in Christmas message
25 Dec 2025 18:57 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 …
-
3,000 jobs saved two months after oil and gas firm plunged into administration
25 Dec 2025 18:26 GMT
… part of energy services firm Petrofac is to be bought after … thousands of people employed by Petrofac in the UK, some 2 … in Aberdeen. This comes after Petrofac announced in October that it …
-
Economy alert: Thousands of North Sea oil jobs saved under 'very positive' deal for UK
25 Dec 2025 16:34 GMT
… significant for affected staff.
Petrofac entered administration in October after … James Bennett, joint administrator for Petrofac, described the outcome in positive … complementary geographic footprint."
Petrofac group chief executive Tareq Kawash …