Wood settles Amec Foster Wheeler lawsuit for $115m
Aberdeen-headquartered Wood (LON: WG) has settled a legacy lawsuit against one of its subsidiaries in a $115m payout.
Amec Foster Wheeler
Wood takes $100 million hit from legacy Aegis Poland contract
Wood (LON: WG) expects to take a one-time $100 million charge in relation to a legacy Amec Foster Wheeler defence contract, Aegis Poland.
Amec Foster Wheeler cash to build Nigerian roads in compensation deal
The UK has reached an agreement to hand over £210,610 to Nigeria, based on penalties paid by Amex Foster Wheeler (AFW).
Wood settles bribery cases for £127.5m
Engineering and consultancy firm Wood said tonight it had agreed to settle legacy bribery and corruption investigations in Brazil, the UK and US for £127.5 million.
St Fergus operator hires ex-Apache boss to spearhead upstream push
Px Group, which operates the gas processing plant at St Fergus, near Peterhead, has hired a North Sea veteran to spearhead its push into the upstream oil sector.
Former Amec Foster Wheeler building to be demolished
A warrant to demolish the former Amec Foster Wheeler building in the south of Aberdeen has been approved.
Acquisitions and improving market boost half-year results at Worley
Improved market conditions and a major acquisition have boosted Australian energy service firm Worley’s half-year results.
Wood hails ‘significant progress’ in 2018 as revenues climb to £8.3bn
Aberdeen-headquartered energy services giant Wood saw its total revenues climb to £8.3billion in 2018 amid a “significant year of progress” for the firm.
How a great ‘cultural fit’ has been a help to WorleyParsons
Jeremy Cresswell gets the low-down on the benefits of WorleyParsons’ acquisition of Amec FW’s North Sea operation
WorleyParsons hails impact of Aberdeen business
Australian energy service firm WorleyParsons said today that revenues were "flowing" from its recently acquired Aberdeen operation in the last six months of 2018.
Amec purchase leaves Wood ‘uniquely positioned’ for future energy markets
The £2.2 billion acquisition of Amec Foster Wheeler at the end of 2017 has opened up a host of new opportunities for owners Wood.
WorleyParsons targets North Sea as UK business looks to grow
Energy services firm WorleyParsons is looking to grow its UK business less than a year after making its bow the North Sea.
FTSE 100 return may not be far off for Wood, analyst says
Wood’s shares lifted yesterday after the energy service giant revealed its takeover of Amec Foster Wheeler (AFW) would generate bigger cost savings than previously anticipated.
Ex-Amec FW chief to join Equinor board
Norwegian energy giant Equinor plans to elect two new board members at its corporate assembly meeting next month.
Wood services still ‘very focused’, chief executive says
Wood chief executive Robin Watson said the group’s service offering remained “very focused” despite expanding into more sectors.
AFW’s North Sea – final piece in the WorleyParsons puzzle
Energy Voice broke the news that WorleyParsons of Australia is acquiring the UK business of Amec Foster Wheeler in a deal worth £182million.
Wood sells former Amec FW nuclear unit for £6m
Oil service giant Wood said today that it has agreed to sell its North American nuclear business to a Canadian engineering firm for about £6million.
WorleyParsons completes Amec deal, enters North Sea
WorleyParsons this morning confirmed it had completed its £228million takeover of Amec Foster Wheeler's North Sea assets.
WorleyParsons raises funds for Amec takeover
WorleyParsons today confirmed it had successfully raised the funds to complete its takeover of Amec Foster Wheeler’s North Sea business.
Exclusive Interview: Wood Group completes £2.2bn takeover, talks jobs and debuts new name
Wood Group has today completed its £2.2billion takeover of Amec Foster Wheeler.
Exclusive: WorleyParsons snaps up AFW’s UK business for £228million
WorleyParsons of Australia is acquiring the UK business of Amec Foster Wheeler in a deal worth £228million.
Wood Group, Amec merger clears Mexican hurdle
Wood Group said today that all clearance conditions for its £2.2billion takeover of Amec Foster Wheeler (AFW) had been satisfied.
No shortage of potential buyers for AFW’s UK North Sea business
Wood Group chief executive Robin Watson has said there are “credible buyers” ready to pounce on the UK North Sea business earmarked for sale as part of the firm’s £2.2billion takeover of Amec Foster Wheeler (AFW).
Wood Group profits down ahead of Amec FW merger
Energy service giant Wood Group recorded a 36% drop in first-half profits in the run up to its merger with Amec Foster Wheeler (AFW).
Competition fears raised over Wood Group, Amec FW merger
Energy service firms Wood Group and Amec Foster Wheeler (AFW) expect to complete their merger this year despite the UK competition watchdog flagging up concerns about the deal.