•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Simmons announces sale of Willbros subsidiary to Interserve

    Simmons & Company International

    Simmons & Company International Limited, a financial advisory firm for the energy industry, announced Jan. 29 the sale of Willbros subsidiary The Oman Construction Company LLC (TOCO) to Interserve Plc and Interserve’s Omani partner.

    Simmons acted as corporate finance advisor to Willbros Group Inc., in the sale of its subsidiary. The acquisition will provide Interserve’s Construction division with an additional footprint in the Middle East.

    Willbros Group Inc., is an independent contractor serving the oil, gas, power, refining, and petrochemical industries, providing engineering, construction, turnaround, maintenance, life-cycle extension services, and facilities development and operations services to industry and government entities worldwide.

    The Oman Construction Company LLC, established in 1965, provides oilfield maintenance, pipeline construction and maintenance, and rig-moving services in Oman.

    Interserve Plc is an international infrastructure support service and construction group.


    Related Articles

    MIDSTREAM NEWS

    08/11/2014

    The future of exports

    08/11/2014 The decades old ban on exporting domestic crude oil is under review by the Obama administration in light of radical changes in domestic oil production brought about by fracking and other advanced d...

    Enlink Midstream updates on new projects in key growth regions

    08/06/2014

    EnLink Midstream Partners LP and EnLink Midstream LLC have reported two new growth projects that will expand EnLink Midstream’s footprint in the Permian Basin and south Louisiana.

    ONEOK to construct NG processing facility in North Dakota

    07/30/2014 ONEOK Partners LP plans to invest $605 million to $785 million between now and the end of the third quarter 2016 to build a new 200 million-cubic-feet-per-day (MMcf/d) natural gas processing facili...

    ONEOK to invest $365–$470M in Oklahoma SCOOP play

    07/25/2014 ONEOK Partners LP plans to invest $365 million to $470 million between now and the fourth quarter of 2016 to construct a new 200 million-cubic-feet-per-day (MMcf/d) natural gas processing facility ...

    More Oil & Gas Financial Articles

    MIDSTREAM NEWS

    Mon, Aug 11, 2014

    The future of exports

    Mon, Aug 11, 2014

    The decades old ban on exporting domestic crude oil is under review by the Obama administration in light of radical changes in domestic oil production brought about by fracking and other advanced drilling technologies.

    Enlink Midstream updates on new projects in key growth regions

    Wed, Aug 6, 2014

    EnLink Midstream Partners LP and EnLink Midstream LLC have reported two new growth projects that will expand EnLink Midstream’s footprint in the Permian Basin and south Louisiana.

    ONEOK to construct NG processing facility in North Dakota

    Wed, Jul 30, 2014

    ONEOK Partners LP plans to invest $605 million to $785 million between now and the end of the third quarter 2016 to build a new 200 million-cubic-feet-per-day (MMcf/d) natural gas processing facility – the Demicks Lake plant – and related infrastructure in northeast McKenzie County, North Dakota, which will process natural gas produced from the Bakken shale play in the Williston Basin.

    ONEOK to invest $365–$470M in Oklahoma SCOOP play

    Fri, Jul 25, 2014

    ONEOK Partners LP plans to invest $365 million to $470 million between now and the fourth quarter of 2016 to construct a new 200 million-cubic-feet-per-day (MMcf/d) natural gas processing facility – the Knox plant – and related infrastructure in Grady and Stephens counties in Oklahoma to gather and process natural gas from the emerging South Central Oklahoma Oil Province (SCOOP).

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ