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Petrofac Suffers Blow As Creditors Block $355M Rescue Plan

By William Janes ( July 1, 2025, 12:59 PM BST) -- Samsung and an Italian oilfield services company have won their challenge to a $355 million restructuring plan for Petrofac, as a London appeals court ruled on Tuesday that the benefits of the plan had not been shown to be fair to all creditors....

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