Gulf Oil and Gas accountACCOUNT

WorleyParsons Acquired Jacobs Energy Division

Source: www.gulfoilandgas.com 10/23/2018, Location: Not categorized

WorleyParsons has entered into a binding agreement to acquire Jacobs Energy, Chemicals & Resources division, a leading global technical services provider across Hydrocarbons, Chemicals and Mining & Minerals. ECR has a global footprint with long-term, blue-chip relationships in key strategic markets, most notably the US, Canada, the Middle East and India. The business has more than 30,900 employees in 27 countries.

Jacobs ECR is ranked number one globally for its delivery of complex petrochemical and chemical projects, its maintenance, modifications and operations (MMO) for hydrocarbons projects, including onshore and offshore production facilities and integrated project delivery, construction and technical services.

In combining the two complementary organizations WorleyParsons will create a pre-eminent global provider of project and asset services in resources and energy and provide global sector leadership across hydrocarbons, chemicals and minerals & metals.

WorleyParsons CEO Andrew Wood said: “We are excited to combine Jacobs ECR’s world-class capabilities with our global platform to create a leader across our key focus sectors. The transaction will bring complementary capabilities in key business lines, including a best-in-class onshore and downstream MMO capability allowing customers to benefit from as expended integrated solutions offering, while our employees will have increased opportunity for development as part of the leading global project delivery provider in our sectors.”

Mergers and Acquisitions News in Australia >>

Norway >>  12/9/2019 - Zenith Energy Ltd., has decided to discontinue its plans to acquire a Norwegian oil & gas company, Nordic Petroleum AS ("Nordic"), by way of an exchan...
Japan >>  11/25/2019 - Mitsubishi Corporation (MC) and Chubu Electric Power Co., Inc. (Chubu) have been selected as the preferred buyers in a bid for the Dutch Energy Compan...

Norway >>  11/25/2019 - Reference is made to press release dated 28 October 2019, in which Prosafe informed that the Norwegian Competition Authority had issued a Statement of...
United Arab Emirates >>  11/25/2019 - Royal Boskalis Westminster N.V. (Boskalis) has acquired the remaining 37.5% in the Horizon Group (Horizon). Earlier this year, Boskalis already acquir...

Russia >>  11/22/2019 - Gazprom Gazoraspredeleniye, a company controlled by Gazprom, successfully completed the sale of 850,590,751 ordinary shares of Gazprom (3.59 per cent ...
Oman >>  11/20/2019 - Shaleem Petroleum Company today signed an agreement to acquire Weatherford International - Oman. This included the relocation of all business and equ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Australia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.