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 ...

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

According to Fady Sleiman, Chief Digital Officer (CDO) at oilfield services giant Petrofac, “digital disruption still hasn’t happened in the oil and gas sector.” Despite being a technology ...

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 ...

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 Limited POFCY has reported that its Asset Solutions segment secured several new contracts and expanded its current scope of work in the first quarter of 2025. The secured projects add a ...

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 ...