Aberdeen-headquartered Wood (LON: WG) has settled a legacy lawsuit against one of its subsidiaries in a $115m payout.
Amec Foster Wheeler
Wood (LON: WG) expects to take a one-time $100 million charge in relation to a legacy Amec Foster Wheeler defence contract, Aegis Poland.
The UK has reached an agreement to hand over £210,610 to Nigeria, based on penalties paid by Amex Foster Wheeler (AFW).
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.
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.
A warrant to demolish the former Amec Foster Wheeler building in the south of Aberdeen has been approved.
Improved market conditions and a major acquisition have boosted Australian energy service firm Worley’s half-year results.
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.
Jeremy Cresswell gets the low-down on the benefits of WorleyParsons’ acquisition of Amec FW’s North Sea operation
Australian energy service firm WorleyParsons said today that revenues were "flowing" from its recently acquired Aberdeen operation in the last six months of 2018.
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.
Energy services firm WorleyParsons is looking to grow its UK business less than a year after making its bow the North Sea.
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.
Norwegian energy giant Equinor plans to elect two new board members at its corporate assembly meeting next month.
Wood chief executive Robin Watson said the group’s service offering remained “very focused” despite expanding into more sectors.
Energy Voice broke the news that WorleyParsons of Australia is acquiring the UK business of Amec Foster Wheeler in a deal worth £182million.
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 this morning confirmed it had completed its £228million takeover of Amec Foster Wheeler's North Sea assets.
WorleyParsons today confirmed it had successfully raised the funds to complete its takeover of Amec Foster Wheeler’s North Sea business.
Wood Group has today completed its £2.2billion takeover of Amec Foster Wheeler.
WorleyParsons of Australia is acquiring the UK business of Amec Foster Wheeler in a deal worth £228million.
Wood Group said today that all clearance conditions for its £2.2billion takeover of Amec Foster Wheeler (AFW) had been satisfied.
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).
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).
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.