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  • Petrofac could collapse, lines up Teneo as administrator — Sky

    (Alliance News) – Petrofac Ltd’s board is holding emergency talks this weekend as it has lined up Teneo for an administration process which could be confirmed as early as Monday morning, Sky News reported Saturday.

    A potential collapse of the energy infrastructure company with core markets in the Middle East and North Africa could lead to the loss of over 2,000 jobs in Scotland.

    One industry executive said a decision to file for administration was likely to be taken before the stock market opens on Monday, Sky News said.

    On Thursday, Petrofac had announced that its planned restructuring was “no longer deliverable in its current form,” adding that it was in close and constant dialogue with key creditors and other stakeholders as it pursued alternative options for the company.

    This was after TenneT, an operator of electricity grids, cancelled a contract.

    Petrofac shares have been suspended in London since May 1 as it has not published its 2024 results.

    By Tom Budszus, Alliance News slot editor

    Comments and questions to newsroom@alliancenews.com

    Copyright 2025 Alliance News Ltd. All Rights Reserved.

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  • Von der Leyen Says EU Ready to Act on China Rare-Earth Threat – Bloomberg.com

    1. Von der Leyen Says EU Ready to Act on China Rare-Earth Threat  Bloomberg.com
    2. Tensions high as China and EU prepare another meeting on rare earths  Euronews.com
    3. Von der Leyen hints at ‘trade bazooka’ against China’s rare earth chokehold  Euractiv
    4. EU steps up efforts to cut reliance on Chinese rare earths  Reuters
    5. US could be just ‘weeks away’ from rare earths crisis, defence sector to be hit worst, warns analyst  Firstpost

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  • Q&A: A trip to the Peach Motel… Musician hopes to “inspire people to see the world in a positive light”

    Q&A: A trip to the Peach Motel… Musician hopes to “inspire people to see the world in a positive light”

    A local indie music songwriter and producer has secured funding to record and release his first full-length solo album.

    Marc Hepburn writes lyrics that draw on personal experience, with themes of freedom, travel, and finding a sense of…

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