Foster Wheeler Snaps Up OPE's Offshore Engineering Division

Foster Wheeler's Houston-headquartered operating unit, Foster Wheeler USA Corporation, has completed its acquisition of the assets of the offshore engineering division of OPE Holdings Limited, which has operations in Houston and Trinidad & Tobago.

Foster Wheeler did not disclose the terms of the transaction.

"This acquisition is part of Foster Wheeler’s strategic objective to increase its capabilities in upstream oil and gas," said W. Troy Roder, president and chief executive officer, Foster Wheeler USA Corporation. "OPE’s expertise in this area is widely recognized. The transaction broadens the product offering of our Houston office -- and boosts the capacity of that office by almost 10 percent. More importantly, the transaction strengthens the platform for Foster Wheeler USA in the upstream area, where we intend to grow."


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Facility Engineer
Expertise: Facilities Engineer
Location: North Dakota, ND
Structural Engineer, USA
Expertise: Structural Engineering
Location: USA
Process Safety Engineer
Expertise: Chemical Engineering|Process Engineer|Safety Engineering
Location: Pasadena, CA
search for more jobs

Brent Crude Oil : $51.46/BBL 0.61%
Light Crude Oil : $50.52/BBL 0.64%
Natural Gas : $2.83/MMBtu 5.35%
Updated in last 24 hours