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 ...

The High Court in London has approved Petrofac's restructuring plan that will unlock $355 million in new funding and reduce the company's debt, the company said in a notice to the London Stock ...

Petrofac received approval from the High Court of England and Wales to enforce its financial restructuring plan that would unlock $355 million in new funding. Image by Anastasia Yakovleva via ...

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 ...

Petrofac Ltd. POFCY, a London-based oilfield services firm, is set to undergo major financial restructuring. The company has reached an agreement with a few important stakeholders and decided to ...

UK-based engineering company Petrofac has received formal approval from the High Court of England & Wales to implement its restructuring plan, according to a statement released by the company. The ...

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 ...

Service provider to the energy industry Petrofac Limited announced that it has extended its existing forbearance agreement in respect of the non-payment of the interest coupon on its senior ...

UK energy services company Petrofac Ltd is running out of time to agree a debt deal with creditors, after months of talks have failed to produce a definitive agreement. The London-based firm ...

Petrofac has released its full year results. Losses at embattled oil services provider Petrofac almost doubled to more than $400m (£314m) during 2023 after its delayed accounts were finally ...