SNP and Labour blasted for ‘catastrophic’ collapse of North Sea oil giant

THE SNP and Labour have been blamed after Aberdeen-based oil giant Petrofac plunged into administration.

- By Douglas Dickie

Petrofac employs around 2,000 workers at its North Sea hub in Scotland

The company employs more than 7,000 workers globally, with around 2,000 based at its North Sea hub in Scotland.

Yesterday, the company told investors that it had applied to the High Court to appoint administrators.

The move comes after the collapse of restructuring talks, which failed after the withdrawal of a key contract last week.