Oil and gas firm Petrofac files for administration, putting thousands of jobs at risk
NegativeWorld Affairs

Petrofac, a major player in the North Sea oil and gas sector, has filed for administration, which could jeopardize over 2,000 jobs in Scotland. While the company assures that this move only affects its ultimate holding company and that it will continue trading, the uncertainty surrounding its future raises concerns for employees and the local economy. This situation highlights the challenges faced by energy firms in a fluctuating market and the potential impact on communities reliant on these jobs.
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