Any inside perspectives on the recent coupling of Petrofac and CB&I? 3000 Petrofac employees to transfer to CB&I. That is a huge amount of exposure for a company who’s speciality if tank, pressure vessels and high spec metallic plates.

Petrofac a North Sea oil and energy services group, could file for insolvency as early as Monday morning before markets open, it has been reported. The company’s board is reportedly holding emergency meetings over the weekend to discuss the possible... — read more 

Are you having redundancies right now? Many peers do.