The Weir Group PLC Company News

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.

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.

Scotland-based Weir Group announces 125 job cuts in response to falling oil, gas activity.

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.

Weir Group says uncertainty in the oil and gas industry will significant reduce its 2015 revenue.

Pumps and valves firm Weir Group plans to capitalize on an increase its oil and gas customers' upstream spending.

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 announced an extensive capacity expansion of its Weir SPM business manufacturing and service facility in Fort Worth, Texas.

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 is considering the acquisition of selected pump lines of The Weir Group PLC, Glasgow, Scotland.