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London-based energy services firm Petrofac Ltd reported on Friday that its loss for the full year 2023 widened compared to 2022. Petrofac reported a net loss of $505 million for the year ended December 31, compared to a loss of $320 million incurred the previous year. Revenue for the year declined to $2.496 billion from $2.567 billion generated a year ago, with reduced activity in E&C being largely offset by growth in Asset Solutions. Tareq Kawash, Petrofac’s group chief executive, said: “2023 was a challenging year for Petrofac. “Our financial results reflect additional losses on the legacy c…

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