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.

UK-listed beleaguered contractor Petrofac has secured a fresh relief from bondholders, providing it additional time for the ...

(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 ...