Operational performance in the first half of the year reflected the continued impact of legacy contracts, the challenges in ...

POFCY's financial restructuring plan to convert a significant portion of its debt into equity is a significant step toward strengthening the company's balance sheet.

Petrofac reported a challenging first half on Monday, with revenue reaching $1.24bn, a slight increase from $1.23bn in the ...

Despite financial challenges, Petrofac Ltd (POFCF) secures significant new awards and progresses on key projects.

Petrofac Limited ( PFC) PETROFAC ANNOUNCES IN-PRINCIPLE AGREEMENT ON FINANCIAL RESTRUCTURE 27-Sep-2024 / 17:50 GMT/BST ...

Shares of British oilfield services provider Petrofac dropped 33% on Monday after the company reported bigger half-yearly losses amid difficulties in closing legacy contracts in its biggest unit.

Shares of Petrofac Limited ($GB:PFC) plummeted nearly 25% as of writing after it released disappointing results for the first ...

The cash outflow would have been greater had Petrofac been paying its lenders – net interest paid dropped from $47mn in the first half of 2023 to $17mn this year. Net debt stood at $622mn as of 30 ...

London-listed oilfield services provider Petrofac said on Friday it had reached an in-principle deal with some key stakeholders for a financial restructuring.

(Bloomberg) — Petrofac Ltd has reached a preliminary agreement with some of its key stakeholders that will see creditors convert a majority of the firm’s debt into equity, significantly diluting ...

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 ...