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Petrofac News

IN BRIEF: Petrofac delists from London after entering administration

Petrofac Ltd - London-based energy infrastructure company and contractor - Says that following the appointment of administrators, its shares on the e...

LONDON MARKET MIDDAY: Stocks edge up on hopes for US-China progress

(Alliance News) - Stock prices in London were slightly higher at midday on Monday amid optimism for progress in trade talks between the US and China, ...

Petrofac files for administrators but operations to continue

(Alliance News) - Petrofac Ltd on Monday said it has applied to the High Court of England and Wales to for the appointment of administrators.

LONDON BRIEFING: HSBC expects USD1.1 billion hit from Madoff case

(Alliance News) - HSBC sets aside USD1.1 billion for a Luxembourg court ruling related to the Bernard Madoff fraud case, while the UK competition regu...

Petrofac files for administration putting 2,000 jobs at risk

(Sharecast News) - Troubled oil services firm Petrofac on Monday filed for administration, putting 2,00 jobs at risk.

PRESS: Petrofac could collapse, lines up Teneo as administrator — Sky

(Alliance News) - Petrofac Ltd's board is holding emergency talks this weekend as it has lined up Teneo for an administration process which could be c...

Petrofac warns of possible delays to long-running restructuring plans

(Sharecast News) - Petrofac warned on Tuesday that crucial restructuring plans had been hit by a change in circumstances around certain stakeholders.

IN BRIEF: Petrofac restructuring means no value for shareholders

Petrofac Ltd - energy infrastructure company with core markets in the Middle East and North Africa - Says its ongoing restructuring process will resul...