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...Glencore Energy UK was charged with profit-driven corruption by the SFO in May in connection to its oil operations in Cameroon, Equatorial Guinea, Ivory Coast, Nigeria and South Sudan....
...Amec Foster Wheeler Energy, now part of John Wood Group, will pay the penalty as part of a $177m global settlement with UK, US and Brazilian authorities....
...in the Amec Foster Wheeler business....
...Wood has been diversifying away from its North Sea oil and gas roots in recent years, a strategy that was accelerated by its £2.2bn takeover of rival engineering group Amec Foster Wheeler in 2017....
...Wood expects the deal to allow it to deleverage to close to its targets, after the 2017 acquisition of rival Amec Foster Wheeler saddled it with high debt levels....
...The company cut its exposure to oil and gas from 85 to 60 per cent with its 2017 acquisition of rival Amec Foster Wheeler....
...● John Wood dropped after the oil services group scrapped a debt-reduction target given when it bought Amec Foster Wheeler in 2017....
...Wood, the energy and industrial services company formerly known as John Wood Group, swung to an annual loss as a result of one-off costs related to its takeover of Amec Foster Wheeler (AFW)....
...Foster Wheeler....
...Dyson’s interest in cars goes back to the cyclone principle it uses in its vacuum cleaners to suck up dirt....
...Wood Group, the UK oilfield services specialist, which is in the midst of a £2.2bn takeover of rival Amec Foster Wheeler, is keen to avoid the sale of its target’s nuclear business, which was initiated before...
...Wood Group, the UK oilfield services company, has offered to sell “the majority” of Amec Foster Wheeler’s oil and gas business in the North Sea, in an attempt to secure competition clearance for its proposed...
...Amec’s debt load partly stems from its takeover of Foster Wheeler of the US in 2014. Amec, meanwhile, said its loss before tax widened to £542m last year, from £235m in 2015....
...A poorly timed £2bn purchase of Foster Wheeler just as oil prices collapsed in 2014 did the company no favours....
...John Wood Group agreed a £2.2bn deal for engineering services company Amec Foster Wheeler last month, while SNC-Lavalin acquired UK-listed Kentz Corporation, the oil and gas services specialist, for £1.16bn...
...Until recently, speculation had swirled that SNC-Lavalin would launch a counterbid for Amec Foster Wheeler, which last month agreed to be acquired by Scotland’s John Wood Group....
...For oil service providers, such as Wood Group, Amec Foster Wheeler and many smaller suppliers, the crisis is still deepening as contracts awarded during the era of $100-per-barrel oil come to an end with...
...Wood Group slipped 6 per cent to 716.5p in the wake of Monday’s all-share takeover agreement for Amec Foster Wheeler, which lost 6.4 per cent to 511p....
...In January, Mr Asfari’s counterpart Samir Brikho was ousted from the top job at Amec Foster Wheeler, another oilfield services group....
...Amec Foster Wheeler, the engineering group, lost more than a fifth of its market value on Thursday after warning that the low oil price meant it would have to slash its dividend and make another $55m of...
...The company, having geared up to buy Foster Wheeler, has net debt of 2.6 times its earnings before interest, tax, depreciation and amortisation. That is a higher ratio than most of its rivals....
...Long-serving chief executive Samir Brikho is stepping down at oilfield services group Amec Foster Wheeler....
...and a £446m first half loss for oilfield services group Amec Foster Wheeler....
...The company, which took on its current form when Amec completed its $3.3bn takeover of rival Foster Wheeler last November, recorded £188m of earnings before interest and tax for the six months to June 30...
...Net debt fell in the half-year to June. Leverage has declined to well below 1 times estimated earnings before interest, tax, depreciation and amortisation for this year....
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