Creditors to Petrofac Ltd are opposing its debt restructuring, a proposal the oil services firm says it needs to prevent its collapse into liquidation. Saipem Spa and Samsung E&A Co Ltd argue that ...

Petrofac has secured a $2.2 billion engineering, procurement and construction contract for the El Merk project in Algeria. Petrofac, the international oil & gas facilities service provider, has ...

Petrofac Limited: FINANCIAL RESTRUCTURING: UPDATE ON COURT PROCESS AND 2024 RESULTS TIMETABLE 21-March-2025 / 07:00 GMT/BST 21 March 2025 Court approves creditor class composition Further to its ...

Further to its release on 24 February 2025, a court hearing for Petrofac’s planned financial restructuring took place today. The Convening Hearing has adjourned to either 20 or 21 March 2025 and ...