Engineering house Wood Group has made a US$2.72 billion (£2.22 billion) offer for rival Amec Foster Wheeler in a move that could spark further consolidation in the market. The takeover bid comes just three years after Amec's 2014, $3…
Wood Group has been awarded a three-year global agreement with BP for the provision of conceptual engineering services, pre-front end engineering design (pre-FEED) and FEED engineering services. The agreement has an option to extend for two additional years…
A new company, Nucore Group, has been established to create a topside engineering services group of companies. Backed by Lonsdale Capital Partners, Nucore Group currently oversees the management of Oteac and HVAC & Refrigeration Engineering (HVAC&R)…
Wood Group and Heerema Fabrication Group (HFG) have signed a Memorandum of Understanding (MOU) for joint efforts to offer wellhead platform development, from design to installation, hook-up and commissioning, to clients on the Norwegian Continental Shelf (NCS)…
Subsea cable and connector specialist Hydro Group appointed William (Bill) Mildon as president of newly formed Hydro Group Systems Inc. - a wholly owned subsidiary located in Pinellas County, Florida. Image of Mildon…
Norwegian outfits GC Rieber Shipping and Rasmussengruppen have joined forces to set up a new 50/50 owned marine geophysical company, to be called Shearwater GeoServices. Shearwater will be an integrated provider of marine geophysical…
Danish giant AP Møller-Mærsk is dividing its company into two, after reviewing strategic and structural options for months that will also see its CEO, Jakob Thomasen, make his exit. Image from Maersk Flickr…
Wood Group has signed a collaborative agreement with the Canadian technology company Librestream Technologies. The two companies will work in an exclusive industry-specific partnership to provide advanced business solutions for operations…
Siemens’ has added the SWT-8.0-154 to its offshore direct drive platform for wind turbine technology. The 8MW turbine is based on the existing offshore direct drive platform. The first SWT-8.0-154 will be installed in early 2017, and…
UK-based engineering firm Wood Group has been awarded a multimillion dollar contract to provide detailed engineering and design, and procurement services on the development of the Peregrino field wellhead platform C, offshore Brazil. Wood…
Maersk Group has appointed Søren Skou as its new chief executive officer, effective 1 July 2016. Image of Skou, from Maersk. Skou will replace Nils S. Andersen, who will leave the Maersk Group…
Sparrows Group has been awarded a 20-month inspection services contract to cover Stena Drilling’s global fleet of drilling vessels. The agreement will see Sparrows Group deliver LOLER lifting gear surveys, potential dropped objects surveys…
Wood Group has been awarded a three-year contract, extending its support of Shell’s eight UK Continental Shelf offshore assets. Wood Group PSN (WGPSN) will continue to deliver maintenance and construction services to the Shearwater, Gannet…
Wood Group has been awarded four subsea contracts with Statoil on the Norwegian continental shelf (NCS). The latest award is a study to deliver subsea field concept engineering for the Snorre expansion project. This project will focus…
Wood Group acquired privately-owned, Australia-based SVT Engineering Consultants (SVT) adding a global vibration, dynamics and noise (VDN) engineering service line. SVT, with headquarters in Perth, provides piping and rotating equipment vibration…
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