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 ...

(Bloomberg) -- 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 ...

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 ...

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Petrofac stated a convening hearing was scheduled for 28 February, and a sanction hearing was set for 26 March, with the group expecting its restructuring to become effective by 31 March.

Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world's leading energy companies. Petrofac designs, builds ...

KUALA LUMPUR: T7 Global Bhd 's wholly-owned subsidiary Tanjung Offshore Services Sdn Bhd has secured a contract from Petrofac (Malaysia-PM304) Limited for the provision of Pan-Malaysia maintenance ...

In addition, MMHE said it will collaborate with Petrofac towards the possibility of another OSS of similar size. "The subcontract is expected to contribute positively to the earnings and net ...