Wood Group: Completes Amec Foster Wheeler Acquisition
Wood Group is pleased to announce that it has completed the acquisition of Amec Foster Wheeler. Wood Group’s new ordinary shares will be admitted to the premium segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange with effect from …
Wood Group: Agree on All Share Offer for Amec Foster Wheeler
The boards of Amec Foster Wheeler and Wood Group are pleased to announce that they have reached agreement on the terms of a recommended all-share offer by Wood Group to acquire the entire issued and to be issued share capital of Amec Foster Wheeler (the “Combination” to form the “Combined …
Wood Group PSN: Appoint Dave Stewart as CEO
Dave Stewart has been appointed as chief executive officer (CEO) of Wood Group PSN (WGPSN). Effective April 2015, Dave moves into this role from his previous position as UK managing director of WGPSN’s UK operations. Dave has more than 38 years of oil and gas experience and joined Wood Group …
Wood Group GTS wins gas turbine overhaul contract with Surgutneftegaz
Wood Group GTS has been awarded a multi-million dollar contract by MC Systems Energy of Moscow for Surgutneftegas OJSC in Western Siberia, Russia to provide overhaul services for two Siemens SGT-200-1S (Tornado) gas turbines. Under the MC Systems Energy contract Wood Group GTS will provide all gas turbine parts, component …
Disposal of Well Support Division for $2.8 billion Return of cash of not less than $1.7 billion
Wood Group, the international energy services company, today announces it has entered into a conditional agreement to sell its Well Support Division to GE for cash consideration of $2.8 billion (the “Disposal”). Following the Disposal, the Board of Directors intends that Wood Group will return cash of not less than …