Terminal News

Petrofac Files For Administration

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Picture of Kate Rainford

Kate Rainford

Kate is our deputy editor at Tank Storage Magazine
Oilfield services provider Petrofac has applied to the High Court of England and Wales to appoint administrators after grid operator TenneT’s termination of its involvement in a major offshore wind project in the Netherlands.
In 2023, Petrofac and Hitachi Energy were awarded a €13 billion ($15.16 billion) contract by Dutch-German electricity grid operator TenneT to deliver six 2-gigawatts offshore wind grid connection projects in the Netherlands and Germany.

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