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    “ Thousands of jobs are set to be saved after part of energy services firm Petrofac was bought out of administration.

    American company CB&I has announced it has entered into a deal to buy the firm’s asset solutions business in the first quarter of 2026. Petrofac employs 3,000 people in the UK, including about 2,000 in Aberdeen.

    Petrofac group chief executive Tareq Kawash said: “This is a great outcome for the asset solutions business, supporting job security for 3,000 talented team members.”

    James Bennett, joint administrator for Petrofac, said the deal was “a very positive outcome”. “

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