Bankruptcy News

 

Petrofac Goes into Administration after TenneT’s OW Contract Termination

Oct 27, 2025

Provider of services to the global energy industry Petrofac has filed for administration to the High Court of England and Wales to appoint administrators for the company, following TenneT’s decision to terminate its scope in 2 GW offshore wind grid project in the Netherlands.Petrofac said that the move is a targeted administration of the group’s ultimate holding company only.The decision came after…

Buyers Reportedly Line-up for a Crack at Seadrill

Jul 20, 2021

Noble Corp and a consortium that includes Transocean Ltd and Dolphin Drilling are competing to acquire the assets of Seadrill Ltd, the bankrupt offshore oil driller controlled by Norwegian-born tycoon John Fredriksen, people familiar with the matter said on Tuesday…

Current News

Odyssey Marine Exploration Request for Offshore Mineral Lease Sale Advances

Odyssey Marine Exploration Req

Technip Energies Gets On Board Thailand’s First CCS Project

Technip Energies Gets On Board

Jan De Nul Wraps Up Cable Installation Job for TenneT’s DolWin Platform

Jan De Nul Wraps Up Cable Inst

Deepsea Bollsta Rig Gets New Name as Odfjell Drilling Takes Ownership

Deepsea Bollsta Rig Gets New N

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine