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Thousands of North Sea jobs saved after Petrofac rescue deal
Yahoo Finance· 2025-12-24 21:15
Texas-based Chicago Bridge & Iron Company (CB&I) has taken over Petrofac’s Aberdeen-based engineering and operations arm - Lee Ramsden/Alamy Around 3,000 UK jobs have been saved after a US rival bought Petrofac’s North Sea operations. In a rescue deal announced on Christmas Eve, Texas-based Chicago Bridge & Iron Company (CB&I) has taken over Petrofac’s Aberdeen-based engineering and operations arm. It comes after the business was plunged into uncertainty this year when the Petrofac holding company enter ...