The Weir Group PLC Company News

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Weir Group Cut 450 US Jobs from Oil, Gas Division
Thursday, November 07, 2019 The Weir Group, plc cut one-fifth of its oil and gas workforce in the U.S. during third quarter as it encountered weak market activity in North America.

Weir Sees 70% Of North American Fracking Fleet Idle
Thursday, April 28, 2016 Oil equipment maker Weir Group reports a 47% fall in 1Q oil and gas orders and estimates that 70% of North America's fracking fleet is currently idle as low crude prices slow investment in the sector.

Weir Group Cuts 125 Jobs
Thursday, April 30, 2015 Scotland-based Weir Group announces 125 job cuts in response to falling oil, gas activity.

Task Force: Britain Needs New Regulator For Shale Gas Industry To Take Off
Wednesday, March 25, 2015 Britain needs a new regulator for onshore underground energy and shale gas companies must engage with local communities more effectively before a UK shale gas industry can be developed.

UK's Weir Warns of Significant Revenue Fall as Oil Industry Slows
Wednesday, February 25, 2015 Weir Group says uncertainty in the oil and gas industry will significant reduce its 2015 revenue.

Weir Group Pegs Growth Hopes on Upstream Spending
Wednesday, February 26, 2014 Pumps and valves firm Weir Group plans to capitalize on an increase its oil and gas customers' upstream spending.

Weir Launches New Upstream Market Products
Monday, April 30, 2012 The Oil & Gas division of the Weir Group PLC launched five new products Monday, in line with its strategy of being an innovative supplier to the upstream oil and gas markets.

Weir O&G Expands Operations in Fort Worth
Wednesday, March 30, 2011 Weir O&G announced an extensive capacity expansion of its Weir SPM business manufacturing and service facility in Fort Worth, Texas.

Weir Group to Acquire SPM Flow Control
Thursday, June 21, 2007 The Weir Group PLC has agreed to acquire SPM Flow Control, Inc ("SPM") for US$653 million (£328 million). Anticipated revenues for calendar year 2007 are US$ 320 million (£161 million).

Sulzer Eyes Acquisition of Weir Pump Lines
Friday, February 16, 2007 Sulzer is considering the acquisition of selected pump lines of The Weir Group PLC, Glasgow, Scotland.