Support Activities for Oil and Gas Operations

Petrofac Limited

Petrofac Limited Sees Significant Short Interest Drop

Petrofac Ltd :PETROFAC LIMITED PETROFAC LIMITED: RESTRUCTURING UPDATEPETROFAC - APPLIES TO APPOINT ADMINISTRATORS TO HOLDING COMPANYPETROFAC - RETAINS SUPPORT OF RCF AND TERM LOAN LENDERSPETROFAC - OPERATIONS CONTINUE; EXPLORING RESTRUCTURING AND M&A SOLUTIONS

Reuters

Petrofac Applies To Appoint Administrators To Holding Company

Petrofac Ltd :PETROFAC LIMITED PETROFAC LIMITED: RESTRUCTURING UPDATEPETROFAC: THERE HAS BEEN A CHANGE IN CIRCUMSTANCES RELATING TO CERTAIN STAKEHOLDERS, WHICH IMPACTS TIMING &/OR DELIVERABILITY OF RESTRUCTURINGPETROFAC: URGENT DISCUSSIONS TAKING PLACE IN RELATION TO THIS CHANGE IN CIRCUMSTANCE & CO WILL PROVIDE FURTHER DETAILS WHEN IT IS ABLE TO

Petrofac Says Change In Certain Circumstances Impacting Restructuring Timing

Petrofac Ltd :PETROFAC LIMITED PETROFAC LIMITED: RESTRUCTURING UPDATEPETROFAC: COMPANY REMAINS FOCUSED ON COMPLETING RESTRUCTURING IN SHORTEST POSSIBLE TIME AND BY END OF NOVEMBER 2025PETROFAC: COMPANY REMAINS FOCUSED ON COMPLETING RESTRUCTURING IN SHORTEST POSSIBLE TIME AND BY END OF NOVEMBER 2025PETROFAC: CONFIRMS THAT RESTRUCTURING WILL RESULT IN NO RESIDUAL VALUE BEING RETAINED BY EXISTING SHAREHOLDERS

Petrofac Confirms Restructuring Will Result In No Residual Value For Existing Shareholders

Petrofac Ltd :PETROFAC LIMITED PETROFAC LIMITED: RESTRUCTURING UPDATE: AGREEMENT IN PRINCIPLE REACHED WITH SAMSUNG E&A AND SAIPEMPETROFAC LTD - COMMERCIAL TERMS SUPPORTED BY AD HOC GROUP OF BONDHOLDERSPETROFAC LTD - RESTRUCTURING EXPECTED TO COMPLETE BY END OF NOVEMBER 2025

Petrofac Reaches Agreement In Principle With Samsung E&A And Saipem

Petrofac Ltd :PETROFAC LIMITED PETROFAC LIMITED: RESTRUCTURING AND BUSINESS UPDATEPETROFAC LTD - EXTENDS LOCK-UP AGREEMENT UNTIL NOVEMBER 2025PETROFAC LTD - TO APPLY TO SUPREME COURT FOR LEAVE TO APPEAL JUDGEMENTPETROFAC LTD - GROUP BACKLOG AT $6.7 BILLION AS OF JUNE 30PETROFAC: BOARD IDENTIFIED AND IS ACTIVELY PROGRESSING NUMBER OF ROUTES TO DELIVER RESTRUCTURING

Petrofac Extends Lock-Up Agreement Until November 2025

Petrofac Limited (OTCMKTS:POFCY) experienced a significant decline in short interest in May, dropping 66.6% from 335,700 shares on April 30 to 112,100 shares by May 15. Currently, 0.0% of the stock is short sold, with a short-interest ratio of 0.0 days based on an average trading volume of 4,035,900 shares. The stock price remained stable at $0.12, with a 52-week range of $0.02 to $3.27. Analysts maintain a Hold rating on Petrofac, suggesting other stocks may be better investment options.

Market Beat

Petrofac Limited (OTCMKTS:POFCY) Short Interest Down 66.6% in May

Petrofac Limited has published a Prospectus for the admission of new shares and warrants to the Financial Conduct Authority’s Official List and trading on the London Stock Exchange. This initiative is part of the company's Balance Sheet Restructuring aimed at improving financial stability. Petrofac is a key service provider in the energy sector, operating mainly in the Middle East, North Africa, and the UK North Sea, with a workforce of 8,000 across 31 offices. The company's current market cap is £31.08M, with a year-to-date price performance of -29.41%.

Tip Ranks

Petrofac Publishes Prospectus for New Share Admissions

Petrofac Limited has announced the issuance of up to 101,291,549 new shares, along with Tranche 1 and Tranche 2 Warrants, as part of a balance sheet restructuring initiative. The new shares will be listed on the London Stock Exchange's equity shares segment.

Petrofac Ltd. Announces New Listing of Up to 101 Million Shares Amid Balance Sheet Restructuring

North Energy ASA has invested USD 18.8 million in senior secured bonds of Petrofac Limited, which is undergoing a restructuring to raise at least USD 350 million. North Energy estimates it can invest an additional USD 4.4 million, potentially receiving 330 million new shares and USD 4 million in new bonds. The estimated value of North Energy's holdings could reach USD 25-30 million post-restructuring, subject to final court approval. This announcement is considered inside information under EU regulations.

Oslo Stock Exchange

North Energy ASA - Potential gain on Petrofac investment

Petrofac Limited (LON:PFC) insider Afonso Reis e Sousa sold 5,657 shares at an average price of GBX 5 ($0.06) on April 4th, totaling £282.85 ($360.04). The stock opened at GBX 5.20 ($0.07) and has a 52-week range of GBX 4.68 to GBX 34.32. The company has a market cap of £35.17 million and a P/E ratio of -0.06. Petrofac operates in the energy sector, providing infrastructure services globally.

Petrofac Limited (LON:PFC) Insider Afonso Reis e Sousa Sells 5,657 Shares

Petrofac Limited's CFO, Afonso Reis e Sousa, acquired 11,215 ordinary shares at no cost under the Deferred Bonus Plan. This transaction aligns managerial interests with shareholder value and maintains transparency, as part of the shares were sold to cover tax liabilities. Petrofac operates in the oilfield services sector, focusing on enhancing energy production efficiency. The company's stock has seen a year-to-date price performance decline of 32.94%, with a current market cap of £29.53M.