Foster Wheeler buys Ingen Ideas

OE Staff
Thursday, June 13, 2013

Engineering and construction firm Foster Wheeler has bought Aberdeen-based upstream consultancy Ingen Ideas.

Ingen specializes in field development and project decision support, focused on the evaluation and implementation of oil and gas field developments, covering greenfield and brownfield assets.

Its work includes process engineering, including subsea and topsides design, flow assurance, enhanced oil and gas recovery, carbon management and petroleum engineering.

The business will become part of Foster Wheeler's Europe, Middle East, Africa upstream operations, which has UK operations in Woking, Reading, Glasgow and Hull.

Switzerland-based Foster Wheeler is an engineering and construction company and power equipment supplier, employing about 13,000 people with operational headquarters in Reading.

"The acquisition of Ingen is part of our stated strategy to grow our upstream capabilities, particularly for offshore, and to extend our offering to our clients to encompass the full oil and gas value chain," says Kent Masters, chief executive officer, Foster Wheeler."

Categories: Europe

Related Stories

Equinor Hires Havila Shipping’s PSV

Aker Solutions Nets Five-Year Deal with Aker BP for Norwegian Assets

France Lowers Renewable Goals, Backs Nuclear in New Law

Current News

DOF Group ASA Awarded Contract in Argentina

Jifmar, Seavium Partner to Roll Out AI Across Offshore Fleet

DUG Hooks Multi-Client Seismic Reprocessing Survey off Malaysia

ABL Secures Work at Egypt’s Kamose Gas Field

Subscribe for OE Digital E‑News