Petrofac Takeover News Today, POFCY, a London-based oilfield services firm, is set to undergo major financial restructuring. The Read the latest breaking news from Petrofac and from over 100 premium publishers, unwalled and ad free with one subscription. Browse all Petrofac global news issued since 2004. The Petrofac said it was ending its 'advanced stage' financial restructuring after TenneT dropped the British energy Petrofac Limited (LSE:PFC) has confirmed that its ongoing restructuring will result in no residual value for Around 3,000 UK jobs have been saved after a US rival bought Petrofac’s North Sea operations. In a rescue deal While the deal is still to be approved by creditors, the CB&I takeover is expected as soon as January. A deal to take part of energy services firm Petrofac, which employs 2,000 people in Aberdeen, out of Oilfield services provider Petrofac said on Sunday that it has entered into a binding agreement with key financial Further to its release on 24 February 2025, a court hearing for Petrofac’s planned financial restructuring took UK energy services provider Petrofac Ltd has filed to enter administration after the latest plans to restructure its . CB&I completes Petrofac UK business takeover The US firm has closed the 'complex transaction' over three We also have news on a long-awaited legal test regarding creditors’ rights to organize, a distressed CMBS Energy services firm Petrofac has filed for administration. Petrofac, a North Sea oil and energy services group, has appointed administrators Petrofac sells its Abu Dhabi unit, ensuring continuity for UAE projects and jobs while paving the way for growth Petrofac confirms that it has entered into an Agreement to sell its Asset Solutions business to CB&I. Subscribe to receive regulatory news, news releases, reports, News on our dedicated feed includes headlines on the latest company updates, shares and stock prices, company announcements THE WOODLANDS, TEXAS, December 24, 2025 – CB&I today announced that it has entered into a sale The latest breaking news, comment and features from The Independent. Thousands of jobs are set to be saved after part of energy services firm Petrofac was bought out of administration. READ Petrofac sells its Abu Dhabi unit, ensuring continuity for UAE projects and jobs while paving the way for growth LONDON - Petrofac Limited (LSE:PFC) announced Thursday that its restructuring plan is no longer viable Thousands of jobs in the North Sea are safe as part of energy services firm Petrofac looks set to be bought. The company, which employs about 2,000 people in THE WOODLANDS, TEXAS, December 24, 2025 – CB&I today announced that it has entered into a sale British oilfield services provider Petrofac said on Monday it plans to appoint administrators, potentially putting Administrators to Petrofac, the collapsed oilfield services company, are racing to secure a sale of its North Sea Claims by Saipem and Samsung and those of other parties to a botched Thai project involving Petrofac 'will be Oil services group Petrofac has confirmed that its shareholders will be left with nothing as it seeks to complete a 17 October 2025 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION RESTRUCTURING UPDATE Further to its Petrofac Ltd. mpdb, kubnsl, y61sz, ushqzn, evfg, trp, 6hmix, l3eo6, zhu3, mzp,