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Industry Moves Archive: October - December 2004

Job Losses at Vetco Gray Controls07/10/2004
Vetco Gray Controls announces loss of up to 95 jobs at its Nailsea office in Bristol, the company's headquarters. No job losses at its aftermarket division based in Aberdeen.

Uncertain Future for KBR27/10/2004
KBR could be sold following Halliburton's reported losses for third quarter of 2004. It is not yet known what Halliburton's future intentions are for KBR.

Wood Group Expands Operations03/11/2004
Mustang Engineering opens new office in London as part of Wood Group's expansion strategy. Wood Group also acquire Surrey-based Woodhill Engineering Consultants to enhance their London-based engineering capability.

Halliburton Agree to Sell Interest In Subsea 717/11/2004
Subsea 7, part of the Halliburton Group, agrees in principle to sell its 50 per cent interest in Subsea 7 to joint venture partner, Siem Offshore. Agreement approved by boards of both Siem and Halliburton for $200m in cash.

BP Plans For Petrochemical Business17/11/2004
BP to include nearly all of Grangemouth operation in planned spin-out of its petrochemical business, rather than splitting the Scottish site into two separate operations. Oil refineries at Grangemouth and Lavera, in southern France, will be included as part of new stand-alone business due to be floated in the US later next year.

AMEC Opens U.S. Headquarters in Washington17/11/2004
AMEC opens new U.S. headquarters in Washington, D.C. emphasising the company's commitment to enhance its U.S. presence.

Kellogg Brown & Root Jobs At Risk18/11/2004
UK employees of Kellogg Brown & Root (KBR) warned their terms and conditions, including pension benefits, are being reviewed. Redundancies not ruled out, although offshore workers not being targeted.

AMEC Acquires Laurent SAS19/11/2004
AMEC acquires Laurent SAS, a French technical engineering company with net assets of €1.6m (£1.1m).

Aker Kvaerner Expands Presence In Saudi Arabia02/12/2004
Aker Kvaerner to build on its presence in Saudi Arabia through the consolidation of activities of its two in-Kingdom organisations, John Brown SA Ltd and Saudi Davy Company Ltd, into a new business, AK Gulf.

Nexen Acquire EnCana (U.K.) Limited03/12/2004
Nexen completes acquisition of EnCana Corporation's UK subsidiary, EnCana (U.K.) Limited, for US$2.1 billion. Acquisition includes EnCana's 43.2% interest in Buzzard, along with Scott and Telford producing fields, plus other satellite discoveries, and interests in exploratory blocks.

BP To Exit From Two Manufacturing Plants At Hull07/12/2004
BP to exit from its DF2 and DF3 acids and acetone manufacturing operations at Saltend, Hull, and phased withdrawal from its formic acid, propionic acid and acetone businesses. Approximately 190 job losses expected.

Aker Kvaerner In New Methanol Alliance13/12/2004
Three of the methanol industry's major players - Johnson Matthey Catalysts, Davy Process Technology and Aker Kvaerner - join forces in new collaborative alliance known as One Synergy. New alliance offers fully integrated service for designing and building synthesis gas (for methanol and gas to liquids applications) and methanol plants worldwide.


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