John Wood Group said on Tuesday it was considering rejecting the latest buyout proposal from private-equity firm Apollo Global Management Inc, citing that the offer undervalued the British oilfield services and engineering company. The proposal by Apollo on March 6, after Wood rejected three previous proposals, was a cash offer valuing the company at 237 pence per share, Wood Group said in a statement. (Reuters - Reporting by Muhammed Husain in Bengaluru; Editing by Sherry Jacob-Phillips)
Offshore services and equipment group Acteon announced Kenny Murdoch has been appointed as group chief financial officer, taking over for Kevin Ovenden who will retire effective July 1.Murdoch joins Acteon with three decades of global financial leadership experience…
Well construction and intervention company Coretrax announced on Tuesday it has acquired Churchill Drilling Tools for an undisclosed sum as part of an ongoing growth and expansion strategy.Coretrax has been investing heavily in developing technology…
Wood Group has completed its 'transformational' US$2.7 billion acquisition of Amec Foster Wheeler. Image from Wood Group. Meanwhile, WorleyParsons has entered into a binding…
More than 55 members of the Society of Petroleum Engineers (SPE) Aberdeen came together last night to celebrate the achievements of individuals within the Section. The awards ceremony, at the Aberdeen Exhibition and Conference Centre…
More than 55 members of the Society of Petroleum Engineers (SPE) Aberdeen came together last night to celebrate the achievements of individuals within the Section. The awards ceremony, at the Aberdeen Exhibition and Conference Centre…
Wood Group has secured a US$6 million contract with Woodside to support the execution of phase two of their Greater Western Flank (GWF-2) project, on the North West Shelf (NWS), offshore Western Australia. Effective immediately, Wood…
Wood Group has made changes to its executive leadership team. Andrew Stewart has been appointed chief executive officer (CEO) of the asset life cycle solutions (ALCS) business in the Western region and Michele McNichol has been appointed to the new role of executive president – integration…
Wood Group was awarded a multi-year contract from Karoon Petróleo & Gás to provide owner’s engineering services to support the full field development for the Echidna field offshore Brazil marking the first project between the two companies…
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…
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)…
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…
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…
Wood Group is collaborating with the Centre for Applied Data Analytics (CeADAR), located at University College Dublin (UCD), to launch a new data analytics capability. Wood Group Kenny (WGK) will work with CeADAR to develop predictive…
The Libra consortium has invited Airborne Oil & Gas to perform a failure mode, effect and criticality assessment (FMECA) for a TCP (thermoplastic composite pipe) Riser that could be used at the giant Libra field offshore Brazil. The request…
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