Also agreed is a “transformation plan to formalize the construct of the Group’s E&C, ETP and Asset Solutions delivery units”. Moreover Petrofac’s board will see changes, including the ...

Losses at embattled oil services provider Petrofac almost doubled to more than $400m (£314m) during 2023 after its delayed accounts were finally published. In what Petrofac has described as a ...

LONDON - Petrofac Limited (LSE:LON:PFC), an international service provider to the energy industry, has announced significant ...

Jan 23 (Reuters) - Oilfield services provider Petrofac (PFC.L), opens new tab said on Thursday over 70% of its bondholders backed the restructuring plan deal it entered into last year to raise ...

Beleaguered UK-listed contractor Petrofac has reported a widening net loss in the first half of the year, but is hoping to kick off a financial restructuring plan, agreed in principle with key ...

We don't wish catastrophic capital loss on anyone. For example, we sympathize with anyone who was caught holding Petrofac Limited (LON:PFC) during the five years that saw its share price drop a ...

Petrofac Limited (LON:PFC) shareholders should be happy to see the share price up 11% in the last week. But will that repair the damage for the weary investors who have owned this stock as it ...

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 ...

A U.K. court on Monday fined Petrofac Ltd. £77 million (equivalent to $104.3 million) for failing to prevent senior executives from using agents to bribe public officials for oil contracts in the ...

Cash-strapped Petrofac aims to sell its upstream and pipelay vessel assets as part of a critical drive to raise some $450 million to shore up its ailing balance sheet, according to multiple market ...