Yahoo Web Search

Search results

1. www.cityam.com › petrofac-losses-almost-doublePetrofac: Losses almost double after delayed results revealed

   www.cityam.com › petrofac-losses-almost-double

   • Cached

   3 days ago · Losses at embattled oil services provider Petrofac almost doubled to more than $400m during 2023, it has been revealed.

2. Top stories

   • 

     City A.M.

     Petrofac: Losses almost double after delayed results finally revealed

     3 days ago

   • 

     Sharecast

     Petrofac's delayed results reveal $505m loss as talks with creditors continue

     3 days ago

   • Investors Chronicle

     Suspended Petrofac scrambling for survival

     Energy engineering and services company Petrofac (PFC) has announced it was in default at the same time as putting out delayed 2023 results. The company missed a coupon payment in mid-May, and is now running out of time before the end of a 30-day “grace ...

     3 days ago

   • Hargreaves Lansdown

     Petrofac – full-year losses widen

     3 days ago

   • Upstream

     Petrofac finances in ‘fragile’ state as unable to obtain $400 million of performance guarantees

     3 days ago

   View all

3. Videos

   • 

     0:51

     youtube.com

     Petrofac - What we do

     30 Nov 2021

     6.6K views

   • 

     0:43

     youtube.com

     Petrofac - Sustainability

     30 Nov 2021

     2K views

   • 

     2:35

     youtube.com

     Suhar Refinery Improvement Project

     14 Feb 2018

     75.3K views

   View all

4. www.investorschronicle.co.uk › news › 2024/05/31Suspended Petrofac scrambling for survival - Investors' Chronicle

   www.investorschronicle.co.uk › news › 2024/05/31

   3 days ago · The shares are suspended because of a delay in publishing the 2023 results. Petrofac said the potential cash injection of up to $300mn (£235mn) had been backed by some lenders, but struck a pessimistic note, given clients effectively need to sign off as well, alongside shareholders. The company also needs more cash to post collateral for a ...

5. www.fitchratings.com › research › corporate-financeFitch Downgrades Petrofac and Debt to 'C' on Missed Interest ...

   www.fitchratings.com › research › corporate-finance

   • Cached

   May 17, 2024 · Fitch Ratings - London - 17 May 2024: Fitch Ratings has downgraded Petrofac Limited's Long-Term Issuer Default Rating (IDR) and senior secured debt rating to 'C' from 'CC'. The Recovery Rating on the senior secured debt is 'RR4'. A full list of rating actions is below. The downgrade reflects Petrofac's missed interest payment on its USD600 ...

6. www.newsnow.co.uk › Oil+&+Gas+Services › PetrofacPetrofac News | Live Feed & Top Stories - NewsNow

   www.newsnow.co.uk › Oil+&+Gas+Services › Petrofac

   • Cached

   May 21, 2024 · NewsNow aims to be the world’s most accurate and comprehensive aggregator of Petrofac news, covering the latest stories on the British multinational oil and gas company founded in London in 1981. News on our dedicated feed includes headlines on the latest company updates, shares and stock prices, company announcements and much more from the ...

7. markets.ft.com › data › announcePetrofac Limited: RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023

   markets.ft.com › data › announce

   • Cached

   3 days ago · Petrofac today issues its financial results for the year ended 31 December 2023 and an update on progress with respect to its review of strategic and financial options. The Company is in discussions with the Financial Conduct Authority to seek a reinstatement of trading in its shares.

8. www.hl.co.uk › shares › share-researchPetrofac – full-year losses widen | HL

   www.hl.co.uk › shares › share-research

   • Cached

   3 days ago · Petrofac’s full-year revenue fell from $2.6bn to $2.5bn, in line with prior guidance. The small drop in revenue comes as growth in Asset Solutions was more than offset by reduced activity in ...

9. www.morningstar.co.uk › uk › newsPetrofac laments "additional losses" after... | Morningstar

   www.morningstar.co.uk › uk › news

   • Cached

   3 days ago · Alliance News 31 May, 2024 | 11:22AM. (Alliance News) - Petrofac Ltd on Friday said its loss widened as revenue decreased in 2023, although the year was also "one of [its] strongest" for new ...

10. People also ask

    What does Petrofac do?

    • Petrofac is an international engineering and construction services provider to the energy industry. The group designs, builds, operates and maintains oil and gas facilities, delivered through a range of commercial models (lump-sum, reimbursable and flexible).

    Fitch Downgrades Petrofac and Debt to 'C' on Missed Interest Payment

    www.fitchratings.com/research/corporate-finance/fitch-downgrades-petrofac-debt-to-c-on-missed-interest-payment-17-05-2024

    See all results for this question

    Does Petrofac Limited have a recovery rating?

    • Fitch Ratings - London - 17 May 2024: Fitch Ratings has downgraded Petrofac Limited's Long-Term Issuer Default Rating (IDR) and senior secured debt rating to 'C' from 'CC'. The Recovery Rating on the senior secured debt is 'RR4'. A full list of rating actions is below.

    Fitch Downgrades Petrofac and Debt to 'C' on Missed Interest Payment

    www.fitchratings.com/research/corporate-finance/fitch-downgrades-petrofac-debt-to-c-on-missed-interest-payment-17-05-2024

    See all results for this question

    What is Petrofac NewsNow?

    • NewsNow aims to be the world’s most accurate and comprehensive aggregator of Petrofac news, covering the latest stories on the British multinational oil and gas company founded in London in 1981.

    Petrofac News | Live Feed & Top Stories - NewsNow

    www.newsnow.co.uk/h/Industry Sectors/Energy & Utilities/Oil & Gas/Oil & Gas Services/Petrofac

    See all results for this question

    Is Petrofac a 'near default'?

    • Under Fitch's rating definitions, these conditions are a 'Near Default' and are commensurate with a 'C' IDR. On 29 April, Petrofac announced that it entered into forbearance agreement with an ad-hoc group of bondholders representing about 41% of the outstanding notes.

    Fitch Downgrades Petrofac and Debt to 'C' on Missed Interest Payment

    www.fitchratings.com/research/corporate-finance/fitch-downgrades-petrofac-debt-to-c-on-missed-interest-payment-17-05-2024

    See all results for this question