AMEC Foster Wheeler plc Company News

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Amec Foster's First-Half Trading Profit Falls, Margins Improve
Thursday, August 10, 2017Amec Foster Wheeler reports an 8% fall in half-year profit, but stronger margins helped to boost its shares.

UK Regulator: Wood Group Takeover Of Amec Could Hurt Competition
Wednesday, August 02, 2017Britain's market regulator says a takeover of Amec Foster Wheeler by oilfield services firm Wood Group could hurt competition.

British Oil Probe Shows Value of Reading the Small Print: Gadfly
Wednesday, July 12, 2017The risk of a probe has loomed over the transaction, unveiled in March, for months.

UK SFO Opens Bribery Investigation Into Amec Foster Wheeler
Tuesday, July 11, 2017UK prosecutors opened an investigation into Amec Foster Wheeler over possible bribery and corruption linked to its use of third parties, though the company reassured shareholders it was "not expected" to affect its $2.2B takeover by Wood Group Plc.

Takeover Target Amec to Retain European Nuclear Business
Thursday, June 29, 2017Oil services company Amec Foster Wheeler Plc, which is being bought by peer John Wood Group Plc, said it had decided to retain its European nuclear unit and sell its North American business.

Unite Repeats Calls for Job Transparency in Wood Group, Amec Deal
Thursday, April 06, 2017UK union Unite repeats calls for transparency on jobs following the takeover of oil and gas operator Amec Foster Wheeler plc by Wood Group plc.

Wood Group Aims to Grow Employment in Long-Term Following Amec Deal
Tuesday, March 21, 2017Wood Group refuses to provide any detail on potential job losses as a result of its decision to buy Amec Foster Wheeler, but insists that its aim is on growing employment in the long term.

Amec Foster Wheeler Secures 200 Jobs with Contract Win
Wednesday, March 15, 2017Amec Foster Wheeler secures around 200 jobs with the award of a contract extension by Centrica for its Morecambe Bay onshore and offshore gas production assets.

Unite Demands Full Disclosure from Wood Group, Amec on Employment Plans
Tuesday, March 14, 2017The UK's Unite union demands full disclosure from Wood Group and Amec Foster Wheeler on any employment plans that are part of a recently announced takeover.

Amec Foster Wheeler Looking for Graduates in the UK
Tuesday, March 14, 2017Amec Foster Wheeler is currently recruiting graduates in a number of disciplines in its Reading office in the UK.

Wood Group Buys Amec Foster For $2.7B To Target Oil Upturn Benefits
Monday, March 13, 2017Wood Group has agreed to buy rival Amec Foster Wheeler for $2.7 billion, seeking rewards from the fast-growing U.S. shale energy sector.

Amec Foster Wheeler to Create 300 Jobs in Brunei After 'Major' Contract Win
Friday, March 10, 2017Amec Foster Wheeler secures 'major' contract with Brunei Shell Petroleum Sdn Bhd (BSP) for the rejuvenation of assets in Brunei, which will see the company create over 300 local jobs.

Amec Foster Posts H1 Loss Hit By Charges
Tuesday, August 09, 2016Amec Foster Wheeler Plc reports a first-half pretax loss, hurt by restructuring charges on its oil and gas business in the Americas and impairment charges in its global power group business.

Repsol Sinopec Awards Major North Sea Services Contracts
Monday, July 11, 2016Repsol Sinopec Resources UK approves the award of major new services contracts in the North Sea.

Amec Foster Wheeler Clinches Iraq's Rumaila Field Contract from BP
Tuesday, June 21, 2016Amec Foster Wheeler clinches a three year framework agreement from BP to complete conceptual studies and pre-front end engineering design work for the Rumaila oil field in Iraq.

Amec Foster Wheeler Secures Sasol Services Contract
Monday, June 13, 2016Amec secures a detailed design and engineering contract with Sasol Petroleum Mozambique Limitada for Phase 1 Tranche 1 of the PSA development for surface facilities in Temane, Mozambique.

Amec FW Secures Contract for LNG Terminal Project in Ennore, Tamil Nadu
Tuesday, June 07, 2016Amec Foster Wheeler secures contract for a liquefied natural gas terminal project in Ennore, Tamil Nadu, India from Indian Oil LNG.

Amec FW Clinches KOC's FEED Contract to Upgrade OGC in Kuwait
Friday, May 27, 2016Amec Foster Wheeler clinches a front end engineering design contract from Kuwait Oil Co. to upgrade its Oil Gathering Center in Kuwait.

Amec Foster Wheeler Appoints Halliburton Executive As CEO
Wednesday, April 27, 2016Amec Foster Wheeler appoints Halliburton executive Jonathan Lewis as chief executive, replacing long-serving CEO Samir Brikho who left unexpectedly in January.

Amec Foster Wheeler CEO Steps Down
Monday, January 18, 2016Amec Foster Wheeler's Samir Brikho is stepping down as the company's chief executive.

Clough AMEC Bags Timor Sea Bayu-Udan Contract from ConocoPhillips
Tuesday, January 05, 2016Clough AMEC bags a three year contract from ConocoPhillips for the Bayu-Udan offshore field development in the Timor Sea.

Amec Foster Wheeler Increases Cost Savings Target
Thursday, November 05, 2015Amec Foster Wheeler increases its cost savings target to $180 million by 2017, marking a $55 million rise from its previous target of $125 million.

Amec Foster Wheeler Appoints New Non-Executive Director
Friday, September 25, 2015Amec Foster Wheeler appoints Roy Franklin as an independent non-executive director, effective January 1, 2016.

Amec Foster Wheeler Secures $55M EPC Contract with BP
Monday, September 21, 2015Amec Foster Wheeler secures an Engineering, Procurement and Construction (EPC) contract with BP, worth $55 million, for the provision of additional living quarters for the Eastern Trough Area Project (ETAP).

Oil Servicers Say 'Fat Trimming' Will Become New Norm
Friday, September 11, 2015A slump in oil prices is forcing the oil and gas services industry to trim costs in a way that executives say will create a lasting change.

Oil & Gas UK Launches North Sea Task Force
Wednesday, September 02, 2015Oil & Gas UK launches a new North Sea task force, which aims to improve the efficiency and competitiveness of the UK's oil and gas industry.

Amec Foster Wheeler Awarded PMC Contract Extension in Middle East
Tuesday, August 18, 2015Amec Foster Wheeler secures an extension to its existing project management consultancy contract for the UZ750 project in the Upper Zakum field, from the Zakum Development Company.

AMEC Foster Wheeler Bags Pre-FEED Contract for LNG Plant in Timor-Leste
Thursday, May 28, 2015Amec Foster Wheeler bags a $3.8 million pre-FEED contract from the Timor-Leste government for the proposed liquefied natural gas plant in the country.