MARKETS

Wood Group to rescue AFW

WOOD GROUP has jumped at the chance to rescue Amec Foster Wheeler, which has worked on Australia’s biggest LNG projects, and buy out its rival for £2.2 billion ($A3.55 billion) to gain a market share twice as big as its competitors in two market segments

Wood Group to rescue AFW

It is understood Wood Group took just eight days to agree to the all-share deal, which is perhaps unsurprising given its aggressive history in the merger and acquisition space in recent years and the state...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry

editions

ENB Social Licence Report 2021

In its second year, this research now includes trends and new findings surrounding impacts and responses as the energy industry seeks to secure and maintain a social licence to operate.