Equinor, a Norwegian company, awards ten-billion-dollar five-year contracts to suppliers
Equinor announced on Thursday that it had signed framework agreements with a group of suppliers worth 100 billion Norwegian crowns (9.93 billion dollars) for the maintenance…
Equinor, a Norwegian oil company, awards 10 billion dollar contracts to suppliers
Equinor announced on Thursday that it had signed framework agreements worth '100 billion Norwegian crowns (9.93 billion dollars) with a group suppliers for the maintenance and…
Wood Group, a British company, reports a drop in its first-half profits amid audit delays
Wood Group, the British company, announced a decline in profits for the first six months of the year, citing an uncertain situation resulting from a review by an independent body…
Wood Group CEO Wood to leave following Sidara's takeover vote
Wood Group, a British oilfield engineering and services firm, announced on Wednesday that its chief executive Ken Gilmartin will step down in the next month, after its shareholders…
Wood Group accepts Sidara’s takeover bid following a year-long pursuit
The Wood Group in Britain has accepted a conditional bid of 216 million pounds ($292 millions) from Dubai's Sidara. This ends a long-running pursuit involving multiple offers and rejections.
Wood Group extends deadline for Sidara's offer to August 29,
Wood Group announced on Thursday that the UK takeover committee has extended to August 29, the deadline for the takeover bid from Dubai-based Sidara. Sidara reduced its offer…
Dubai's Sidara considers lowering Wood Group's offer following UK regulator's investigation, FT reports
The Financial Times reported that the Dubai-based Sidara may reduce the price of the takeover bid it has made for Wood Group as the British financial watchdog launched an investigation…
Wood Group UK discloses financial regulator investigation
Wood Group announced on Friday that Britain's Financial Watchdog has begun an investigation into its oilfield services provider following the announcement made last year by…
ADNOC Gas Awards $5 Billion In Contracts For Rich Gas Development Project
ADNOC Gas said on Tuesday it had taken a final investment decision on the first phase of its Rich Gas Development (RGD) Project, awarding $5 billion in contracts to expand and improve efficiency at the project.The c
Wood Group, UK misses deadline for 2024 results and faces listing suspension
Wood Group, the British oilfield service firm which is Sidara's target for takeover, announced on Wednesday that it will not be publishing its annual results before April 30, as it hasn't completed its audit.
UK shares drop after Trump announces tariff escalation
UK shares fell Monday, after U.S. president Donald Trump said that his tariffs will cover all countries. This intensified a global trade conflict. The blue-chip FTSE 100 fell 1% as of 1011 GMT…
Wood Group UK flags problems within its Projects Unit, Shares Slump
Wood Group, a British engineering and oilfield services company, said that it has identified "material failures and weaknesses" in its financial cultures within its Projects…
Wood Group extends deadline for deal negotiations with Dubai's Sidara. FT reports
The Financial Times reported that the British oilfield engineering and services firm Wood Group agreed to extend its deadline for talking with Dubai's Sidara about a potential…
UK stock prices fall on uncertainty over tariffs; Heathrow power failure disrupts airlines
British stocks ended lower on Friday due to continued concerns about the impact of U.S. Tariff policy. Meanwhile, a Heathrow Airport shutdown impacted travel stocks. The blue-chip FTSE 100 index fell 0.6%.
Wood Group, UK's Wood Group, re-enters into takeover negotiations with Dubai's Sidara
Wood Group, a British company, said Monday that it had received a new approach from Sidara regarding a potential takeover offer. The Dubai-based group previously failed to purchase…
Wood Group shares in the UK fall 30% after a negative cash flow forecast
John Wood Group shares fell 30% in the early trading of Friday, after the British engineering company announced that its free cash flow will be negative instead of positive…
Wood Group UK posts higher first-half profits on improved pricing
Wood Group, a British oilfield engineering and services company, posted an 8.5% increase in its core earnings for the first half of this year. This was aided by better pricing.
Wood Group Sees Higher Annual Earnings
Oilfield services provider John Wood Group Plc expects higher core earnings in 2019, with strong performance in its engineering services unit in the Middle East, Asia and the Caspian region offseting slowing U.S.
Wood Group Says US Shale Only Opportunity for Price Increases
Wood Group sees an opportunity for price increases only in its U.S. shale oil business, which it sees around six to 12 months ahead of other sectors in oil and gas, it said…
Wood Group Wins Ichthys Subsea Deal
Wood Group has secured a new, five-year contract with INPEX Operations Australia Pty Ltd (INPEX Australia) to provide subsea engineering services for the integrity of the INPEX-operated Ichthys LNG Project…