Petrofac Ltd

Petrofac Limited’s strategic restructuring plan has been derailed after Dutch transmission operator TenneT terminated its 2 GW offshore wind programme contract, threatening the company’s long-term viability in the energy equipment and services secto…

Petrofac Limited, an oil and gas service provider, is facing a critical juncture with a dramatic decline in stock price, negative P/E ratio, and reduced market capitalization, raising concerns about its ability to sustain its business model in the l…

Petrofac’s share price has declined significantly, reaching a 52-week low, due to the company’s financial struggles and challenges in the volatile energy sector.

Petrofac Ltd has secured a critical lifeline after the High Court of England and Wales approved its Restructuring Plan, unlocking £355 million in new funding and potentially steering the company away from financial collapse.