LONDON (Reuters) - A former Petrofac executive has pleaded guilty to eleven counts of bribery in an ongoing investigation, the Serious Fraud Office (SFO) said on Thursday, triggering a 20 percent fall ...

Petrofac on Wednesday called on certain creditors to sign a "voluntary arrangement" regarding their claims, to allow the British energy engineering company to proceed with a recent agreement to sell ...

June 25 (Reuters) - Oilfield services provider Petrofac lost out on $10 billion worth of contracts globally due to a probe by Britain's Serious Fraud Office into dealings in Saudi Arabia and Iraq, its ...

In this alert, we consider the Court of Appeal’s judgment setting aside Petrofac’s restructuring plan sanction order, which marks the second occasion on which the Court of Appeal has overturned a ...

Petrofac Ltd. POFCY, a London-based oilfield services firm, is set to undergo major financial restructuring. The company has reached an agreement with a few important stakeholders and decided to ...

Petrofac has suspended chief operating officer Marwan Chedid as the UK contractor also sets up a committee to handle the investigation into it by the Serious Fraud Office (SFO) over dealings with ...

Claims by Saipem and Samsung and those of other parties to a botched Thai project involving Petrofac 'will be compromised' under Petrofac's restructuring plan, the Court of Appeal said. Image by ...

The JV partners’ appeal in Petrofac was advanced on two grounds. The first concerned the statutory “no worse off” test, which requires all creditors to be in no worse a position under the ...

Shares in Petrofac have continued to plunge as ratings agency Moody’s downgraded its stock to junk status a week after the services player suspended its chief operating officer amid a Serious Fraud ...

Creditors to Petrofac Ltd are opposing its debt restructuring, a proposal the oil services firm says it needs to prevent its collapse into liquidation. Saipem Spa and Samsung E&A Co Ltd argue that ...