Search results for: Amec Foster Wheele

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  • 13 March 2017

    UK-based energy services company Wood Group has made an offer to acquire its compatriot consultancy, engineering and project management company, Amec Foster Wheeler.  The two companies said on Monday they have agreed 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. […]

  • 13 February 2014
    Business & Finance

    Foster Wheeler AG  today announced that it has entered into a definitive agreement with AMEC plc pursuant to which AMEC will make an offer to acquire all the issued and to be issued share capital of the Company. Under the terms of the offer, AMEC will offer to exchange for each outstanding share of Foster Wheeler […]

  • 25 April 2017

    Amec Foster Wheeler, a UK engineering and construction giant, doesn’t expect to see improvement in the oil & gas part of its business in 2017. The company’s revenue in 2016 was £5,44 billion, in line with £5.45 billion reported in 2015. Loss before tax deepened to £542 million, compared to £235 million in 2015. Revenue from the […]

  • 13 February 2014

    Foster Wheeler said that it has entered into a definitive agreement with AMEC pursuant to which AMEC will make an offer to acquire all the issued and to be issued share capital of the company. Under the terms of the offer, AMEC will offer to exchange for each outstanding share of Foster Wheeler common stock […]

  • 12 September 2017

    The UK’s competition watchdog has approved Wood Group’s 2.2 billion pounds purchase of London-based LNG engineer Amec Foster Wheeler. This follows the Competition and Markets Authority’s in principle acceptance on 15 August. The watchdog said that Wood Group’s offer to sell almost all of Amec’s North Sea assets in engineering and construction services and operation […]

  • 13 November 2014
    Business & Finance, Project & Tenders

    AMEC plc and its subsidiary AMEC International Investments BV, have announced today that the offer to purchase all of the issued and to be issued registered shares of Foster Wheeler AG has been successfully completed. The company says that all conditions to the offer have been satisfied. AMEC is making the necessary filings today to […]

  • 13 November 2014

    AMEC said that the offer to purchase all of the issued and to be issued registered shares of Foster Wheeler has been successfully completed. AMEC is making the necessary filings to change its name to Amec Foster Wheeler, the company said in a statement. As disclosed in the offer documents, Amec intends to complete the […]

  • 13 January 2014

     AMEC, the international engineering and project management company, announces that it has provisionally agreed with Foster Wheeler AG (Foster Wheeler) the outline terms for a recommended cash and share offer for all of Foster Wheeler’s issued and to be issued share capital.   Foster Wheeler shareholders would receive approximately 0.9(1) new AMEC shares and $16.00 […]

  • 13 March 2017
    Business & Finance

    Amec Foster Wheeler and Wood Group 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. Under the terms of the so-called combination, each Amec Foster Wheeler Shareholder will receive for each Amec Foster Wheeler share […]

  • 12 July 2017

    The UK Serious Fraud Office has launched an investigation into Amec Foster Wheeler, a UK engineering company set to be acquired by the oilfield services giant Wood Group. In a statement on Tuesday, Amec Foster Wheeler said it was informed by the SFO that it “has now opened an investigation into Amec Foster Wheeler, predecessor […]

  • 5 October 2017

    A UK court has sanctioned the scheme of arrangement related to Wood Group’s proposed takeover of rival Amec Foster Wheeler. The combination of the two oilfield services providers will become effective on Friday, October 6, following the delivery of the court order.  Wood Group launched the offer for Amec Foster Wheeler back in March, valuing AFW […]

  • 2 August 2017
    Business & Finance, Operations & Maintenance

    The Competition and Markets Authority CMA has today determined that the acquisition of Amec Foster Wheeler by Wood Group gives rise to competition concerns in the supply of engineering and construction (E&C) services and operation and maintenance (O&M) services on the UK continental shelf. Recognising the potential for today’s decision, Wood Group had previously made […]

  • 12 July 2017
    Business & Finance

    The UK Serious Fraud Office (SFO) has opened an investigation into the activities of Amec Foster Wheeler and any predecessor companies owning or controlling the Foster Wheeler business. The investigation focuses on the activities of any subsidiaries, company officers, employees, agents and any other person associated with any of these companies for suspected offences of […]

  • 1 July 2016

    Amec Foster Wheeler has been awarded a contract by the Spanish LNG terminal operator Enagas for a study to revamp its gas treatment facility, part of their Gaviota underground storage plant in northern Spain.

  • 6 June 2016
    Project & Tenders

    UK-based LNG engineer Amec Foster Wheeler on Monday said it has been awarded a contract by Indian Oil LNG Private (IOCPL) for the LNG import terminal in Ennore, Tamil Nadu, on India’s east coast.

  • 2 August 2017

    The UK’s Competition and Markets Authority (CMA) said Wood Group’s acquisition of Amec Foster Wheeler creates reasons for competition concerns. 

  • 15 August 2017

    The UK’s Competition and Markets Authority (CMA) accepted in principle a remedy formally proposed by Wood Group regarding its merger with Amec Foster Wheeler.

  • 13 January 2014

    Amec of UK said on Monday it has provisionally agreed to take over LNG engineering company Foster Wheeler for $3.2 billion in cash and stock. “Foster Wheeler and AMEC have negotiated non-binding terms of a business combination pursuant to which AMEC would acquire each outstanding share of Foster Wheeler common stock for transaction consideration consisting […]

  • 9 October 2017

    WorleyParsons has entered into a binding agreement to acquire Amec Foster Wheeler’s UK North Sea business. Describing the target company, WorleyParsons said that AFW UK has world-class Maintenance, Modifications and Operations (“MMO”) capabilities and is a leader in the Engineering & Construction, Operations and Maintenance and Hook-up services markets on the UK Continental Shelf. The […]

  • 10 March 2017
    Business & Finance

    Amec Foster Wheeler has been awarded a contract by Brunei Shell Petroleum (BSP) for the rejuvenation of assets in Brunei. The work includes concept, Front End Engineering Design (FEED), detailed design, construction, completions and commissioning, marine management, fabrication management, procurement, and project management. Amec Foster Wheeler said on Friday that the contract will run for […]

  • 18 January 2016
    Business & Finance

    Amec Foster Wheeler, a provider of services for the international energy industry, has announced that Samir Brikho is stepping down as Chief Executive. Ian McHoul, Chief Financial Officer, has been appointed into the role of interim CEO with immediate effect and will chair the Group Leadership Team whilst the search for the new CEO is […]

  • 16 December 2015
    Business & Finance

    Amec Foster Wheeler has been awarded three contracts by BP to provide services to the Glen Lyon Floating Production, Storage and Offloading (FPSO) vessel as part of the Quad 204 Project, located 175 km west of the Shetland Isles, UK. The FPSO recently started sea trials as it began its journey towards the west of Shetland. The FPSO […]