Wood Sells Nuclear Unit for $305 Million
British oilfield services provider Wood Plc said on Tuesday it would sell its nuclear energy business for about $305 million to Jacob Engineering, acting to reduce its debt burden as it reported a 2.6% drop in first-half…
Wood's Profit Beats Estimates
Wood Plc's 2018 profit topped market expectations as the British oilfield and engineering services provider trumpeted the success of its 2017 takeover of smaller rival Amec Foster Wheeler and increased revenue synergies from…
Decom North Sea Issues Environmental Guidelines
Guidelines providing practical advice on the environmental issues surrounding the development of decommissioning programs have been launched, by Decom North Sea. As the only membership organization dedicated to the oil and gas late life and decommissioning sector…
UK: Wood Group Takeover of Amec Could Hurt Competition
Britain's market regulator said a takeover of Amec Foster Wheeler by oilfield services firm Wood Group could hurt competition. Wood Group in March agreed to buy Amec Foster Wheeler for 2.2 billion pounds ($2.7 billion). Britain's…
Amec Foster Wheeler wins Aramco Oilfield Deal
British oil and gas services company Amec Foster Wheeler said on Thursday it won a contract to provide design and project management for the expansion of Saudi Aramco's Marjan offshore oilfield. Amec Foster Wheeler during…
Fugro Investigations for Moorside Approach Final Stages
NuGeneration Limited (NuGen) plans to build a nuclear power station of up to 3.8GW* gross capacity at Moorside, close to Sellafield, in West Cumbria. To facilitate the Moorside project, NuGen is undertaking a programme of…
Lewis Wind Power Acquires New Wind Farm Site in Scotland
Lewis Wind Power (LWP), a joint venture between engineering and construction group Amec Foster Wheeler and EDF Energy Renewables, on Wednesday bought new wind farm acreage on Scotland's Isle of Lewis as it seeks to sell output…
Amec FW Bags Kuwait FEED Deal
Amec Foster Wheeler announces today that it has been awarded a front end engineering design (FEED) contract by Kuwait Oil Company (KOC) to upgrade its Oil Gathering Centre GC-24. This project continues Amec Foster Wheeler’s work with KOC on major projects since 2004…
Saudi Aramco to provide 270mb daily to Indonesia Refinery
Aramco eyeing up to $28 bln in Indonesia refinery projects; Pertamina to announce winner of $13 bln Tuban project on Thursday. Energy giant Saudi Aramco is ready to supply up to 270,000 barrels per day (bpd) of crude oil…
DNS Appoints Esson, Chief Executive
Decom North Sea (DNS), the representative body for the offshore decommissioning industry, which promotes and facilitates collaboration and cost reduction, today appointed a new chief executive. Roger Esson brings over 20…
Amec Foster Wheeler Appoints Halliburton's Lewis as CEO
Jonathan Lewis to take up CEO role from June 1. British oil and gas services company Amec Foster Wheeler said it has appointed Halliburton executive Jonathan Lewis as chief executive on Wednesday, replacing long-serving CEO Samir Brikho who left unexpectedly in January.
Kvaerner Come to a Settlement with AFW
Kvaerner North American Construction Inc. ("Kvaerner NAC"), a subsidiary of Kvaerner, and Amec Foster Wheeler North America Corp. have reached a settlement of all claims related to the Longview Power Project. The final settlement…
Petrofac Expects 2016 IES Division Loss
IES division to post a loss in 2016. British oilfield services company Petrofac said its integrated energy services (IES) division, whose performance is linked to oil price moves, will post a loss in 2016 due to the slump in crude prices.
Oil Services Firms 'Trim Fat'
A slump in oil prices is forcing the oil and gas services industry for the first time in 15 years to trim costs in a way that executives say will create a lasting change away from their usual lavish way of doing business.
Britain's Hammond to Reopen Ransacked Embassy in Tehran
In a signal of the most striking thaw in the Western ties with Iran for over a decade, Foreign Secretary Philip Hammond will reopen the British embassy in Tehran nearly four years since protesters ransacked the elegant ambassadorial residence and burned the Union Jack.
Pain for Oil Producers, Service Providers
Oil producers and oilfield service providers down as U.S. crude oil prices fell below $42 a barrel after new build in U.S. stockpiles put global glut back in focus. U.S. crude last down 16 cents at $42.07 a barrel.
Claire Ridge Topside Modules Safely Installed West of Shetland
BP and its co-venturers, ConocoPhillips, Chevron and Shell, confirm the safe installation of the new Clair Ridge platform’s quarters and utilities (QU) topside modules, a major milestone in the Clair Ridge project. The QU…
North Sea Job Losses Raise Skills and Safety Concerns
Cost-cutting in Britain's North Sea oil and gas sector could lead to more acute skills shortages in future, industry experts have warned, with some expressing concerns that safety could be compromised. A plunge in crude prices…
Jee to Support Enhanced Oil Recovery Project
Aberdeen based Jee Ltd, an independent multi-discipline subsea engineering and training firm, has been awarded a contract from Amec Foster Wheeler for the front end engineering design (FEED) of a jacket rigid polymer injection…
UK's Oil Services Firms to Cut Jobs to Ride Out Price Slump
Amec Foster Wheeler Plc and Petrofac Ltd on Tuesday joined a growing list of London-listed oil and gas support services companies planning to cut jobs in response to the tumble in oil prices. Benchmark Brent crude oil prices have nearly halved in the first quarter…
