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 ...

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 ...

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

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 ...

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 ...

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 ...

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 ...