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At Close: Jun 22, 2026
UK's Petrofac seeks creditors' compromise on claims to allow asset sale
05:19pm, Wednesday, 14'th Jan 2026
British oilfield services provider Petrofac said on Wednesday its creditors will meet later this month to vote on a proposal requiring them to compromise some of their claims in order to allow the sal
Petrofac applies for administration following collapse of restructuring plan
05:13am, Monday, 27'th Oct 2025
Petrofac Limited (LSE:PFC), the Aberdeen-based energy services company, has filed to appoint administrators to its parent company after a major offshore wind contract cancellation derailed its financi
Petrofac files for administration after losing major Dutch wind contract
03:15am, Monday, 27'th Oct 2025
Oilfield services provider Petrofac said on Monday it has applied to the High Court of England and Wales to appoint administrators after grid operator TenneT's termination of its involvement in a majo
UK's Petrofac lines up administrator, Sky News reports
04:47am, Saturday, 25'th Oct 2025
The board of oilfield services provider Petrofac has lined up Teneo to act as administrator, a move which could be triggered as early as Monday morning and imperil more than 2,000 jobs in Scotland, Sk
Petrofac confirms there'll be nothing left for shareholders
04:08am, Friday, 17'th Oct 2025
Petrofac Limited (LSE:PFC) has confirmed that its ongoing restructuring will result in no residual value for existing shareholders as it moves to finalise a lock-up agreement with creditors. The compa
UK's Petrofac's restructuring plan to leave shareholders empty-handed
03:01am, Friday, 17'th Oct 2025
Oilfield services provider Petrofac said on Friday its ongoing restructuring would leave existing shareholders with no residual value, as it moves to complete the process by November-end.
Petrofac expects to complete restructuring after agreement with Samsung and Saipem
05:45am, Thursday, 11'th Sep 2025
Petrofac Limited (LSE:PFC) has reached an agreement in principle regarding claims for the Thai Oil project from Samsung E&A and Saipem, which will allow it to complete its restructuring. The commer
Petrofac extends creditor support as new contracts and cash boost lift outlook
03:07am, Friday, 01'st Aug 2025
Petrofac Limited (LSE:PFC) has secured an extension of its Lock-Up Agreement with bondholders, investors and creditors to 30 November 2025, giving the company vital breathing space to push ahead with
Petrofac Secures New Contracts, Reports $500 Million in Awards
02:00pm, Wednesday, 02'nd Apr 2025
POFCY's Asset Solutions division expands in core markets and targeted locations such as the U.K., Europe, the Middle East, Africa, Asia and the United States.
Petrofac ups fundraising target as restructuring rumbles on
03:46am, Monday, 24'th Feb 2025
Petrofac Limited (LSE:PFC) shares fell 2% as it provided an update on its financial restructuring plan, outlining key developments in court proceedings and an expected $355 million of funding, as mor
Petrofac secures over 70% creditor support for restructuring plans
12:36pm, Thursday, 23'rd Jan 2025
Oilfield services provider Petrofac said on Thursday over 70% of its bondholders backed the restructuring plan deal it entered into last year to raise funds through equity financing, crucial for stabi
Petrofac has 'new beginning' after US$1bn financial restructuring
04:09am, Monday, 23'rd Dec 2024
Petrofac Limited (LSE:PFC), the fabrications group, has thrashed a financial restructuring that will see it receive US$325 million of new funding and covert debts of almost US$800 million into shares
UK's Petrofac in binding agreement with creditors on financial restructuring
05:54pm, Sunday, 22'nd Dec 2024
Oilfield services provider Petrofac said on Sunday that it has entered into a binding agreement with key financial creditors on the terms of a comprehensive restructuring.
Petrofac Extends Contract for DDW Offshore's AHTS Vessel Till July '25
10:56am, Monday, 09'th Dec 2024
POFCY extends its contract with DDW Offshore for Skandi Emerald for six months. This is the second extension of the original one-year contract signed in 2022.
Petrofac to Support Marathon Oil's Key Assets in Equatorial Guinea
09:52am, Monday, 14'th Oct 2024
POFCY states that the new agreement with MRO reflects its reputation as an efficient service provider, focused on creating value for its clients.
