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Wood Group Disposal of Well Support Division for $2.8 billion Return of cash of not less than $1.7 billion
Wood Group, the international energy services company, today announces it has entered into a conditional agreement to sell its Well Support Division to GE for cash consideration of $2.8 billion (the “Disposal”). Following the Disposal, the Board of Directors intends that Wood Group will return cash of not less than $1.7 billion to shareholders (the “Return of Cash”).

date.png14 Feb 2011 06:28 | comments.png 0 Comments | tags.png deals ge services wood-group [ More ]

GE Oil & Gas Selected for $120M Trans Europa Naturgas Pipeline Upgrade
GE Oil & Gas has been awarded a contract of more than $120 million (€90 million) to overhaul nine gas turbines located at four compression stations along the Trans Europa Naturgas Pipeline (TENP), which runs across Germany from the Dutch to the Swiss border.

date.png02 Feb 2011 08:24 | comments.png 0 Comments | tags.png contracts gas ge germany pipeline [ More ]

GE Oil & Gas Awarded $120M in Brazil Deepwater Equipment Orders
GE Oil & Gas' Drilling & Production business has been awarded two contracts totaling more than $120 Million by Daewoo Shipbuilding & Marine Engineering Co., Ltd (DSME) of South Korea, one of the world's leading specialized shipbuilding and offshore contractors.

date.png05 Nov 2010 07:29 | comments.png 0 Comments | tags.png brazil contracts ge services upstream [ More ]
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