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Petrofac Newsletter
  • Court rules against Petrofac restructuring plans 04 Jul 2025 12:57 GMT

    An appeal by Saipem and Samsung E&A has been upheld Become a MEED subscriber for unlimited access to: Exclusive news, comment and analysis on the MENA region An unrivalled 20-year old archive Exclusive announcements on project news, bids, awards and …

  • Petrofac problems could impact Middle East projects 04 Jul 2025 12:58 GMT

    The company has clashed with Saipem and Samsung E&A over restructuring plans Become a MEED subscriber for unlimited access to: Exclusive news, comment and analysis on the MENA region An unrivalled 20-year old archive Exclusive announcements on project …

  • Court of Appeal overturns Petrofac restructuring plans over unfair value allocation 02 Jul 2025 13:28 GMT

    … two restructuring plans for Petrofac and Petrofac Facilities Management under Part … to release unsecured claims against Petrofac Facilities Management Ltd (PFML), … and Samsung (appellants) v Petrofac and Petrofac International (respondents), the appellants …

  • Mark Warburton makes astonishing Rangers claims over 55 banner, Petrofac Cup and 'shoddy' exit 18 Jun 2025 11:40 GMT

    … before. We’d won the Petrofac Cup, we’d won the …

  • Case Comment: Petrofac Restructuring Plans 09 Jun 2025 20:31 GMT

    … simplified) level, two Petrofac entities each proposed an … alternative (on which basis Petrofac asserted that they were … capacity as competitors of Petrofac, of an insolvent liquidation … Samsung and Saipem argued that Petrofac, when devising the restructuring …

  • Petrofac Gets Court Approval for Restructuring but Faces Appeal 22 May 2025 11:07 GMT

    … materially strengthening its financial position”, Petrofac said. In its latest results … and adverse operating leverage”. Petrofac has deferred the publication of … extended a forbearance agreement with Petrofac, withholding themselves from pursuing their …

  • Petrofac receives approval for restructuring 22 May 2025 08:12 GMT

    … , for the same reason. Despite Petrofac struggling with significant financial difficulties … strengthening its financial position." Petrofac’s chairman, Rene Medori, said … binding agreement with its creditors. Petrofac has been struggling with financial …

  • Oil Services Must Take on More Risk, Petrofac CEO Warns 22 May 2025 07:44 GMT

    … executive of FTSE 100 contractor Petrofac (POFCF) said. The … necessarily been comfortable for Petrofac, which saw its share … usually a regular feature of Petrofac earnings statements, was noticeably … ," Weller said. Petrofac warned last November it …

  • Bribery Probe Slows Petrofac Sales 21 May 2025 23:04 GMT

    … in Saudi Arabia and Iraq. Petrofac, which designs, builds and … charges have been brought against Petrofac (POFCF) or any other … said it would temporarily suspend Petrofac from new bids. Cochran … oil ministry decision to freeze Petrofac from bidding on new …

  • High Court approves Petrofac restructuring plan 20 May 2025 15:11 GMT

    … England and Wales has approved Petrofac’s restructuring plan, the … majority of creditor classes,” Petrofac said. The plan will … strengthening its financial position, Petrofac said. The company said it … full news story on Petrofac’s website here Share …

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