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 collapse of the firm, putting around 2,000 jobs in Scotland under risk.
They did some shady stuff and they completely went full negligent…does the market reward this behavior or break it up into regional pieces….
Shell and BP are using their services