News

Petrofac cuts hundreds of jobs, merges core unit amid deepening uncertainty

Upstream Online · last updated

Petrofac cuts hundreds of jobs, merges core unit amid deepening uncertainty

The company’s proposed restructuring plan last month collapsed after TenneT terminated its workscope on the 2-gigawatt offshore wind programme

Tareq Kawash, group chief executive of Petrofac.
Tareq Kawash, group chief executive of Petrofac.Photo: PETROFAC