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

Coastal Virginia Offshore Project Costs Increases to $11.5b

Coastal Virginia Offshore Proj

Equinor Extends Seadrill Drillship’s Stay off Brazil

Equinor Extends Seadrill Drill

MODEC Partners with Eld Energy, Delta to Advance FPSO Decarbonization

MODEC Partners with Eld Energy

Conrad, Empyrean Agree Settlement Framework Over Duyung PSC Interests

Conrad, Empyrean Agree Settlem

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine