Willbros Group Company News

Recent Articles

Results 42 articles shown

DeKraai Named to Willbros Board
DeKraai founded InServ more than a decade ago, which Willbros acquired on November 20, 2007.
7:00 PM EST | November 27, 2007
Willbros Completes Public Offering
Willbros Group has closed a public offering of its common shares at $34.00 per share. The Company sold a total of 7,906,250 shares including shares to cover the full exercise of the over-allotment option.
7:00 PM EST | November 20, 2007
Willbros' Outstanding Convertibles Senior Notes Become Convertable
Willbros' Outstanding 2.75% Convertible Senior Notes Due 2024 Become Convertible August 15, 2007.
8:00 PM EST | August 14, 2007
Willbros Announces New Contract Awards
Willbros Group revealed that both its Engineering and Construction units have been awarded new projects for work in the United States and Canada.
8:00 PM EST | July 10, 2007
Willbros to Acquire Canadian Pipeline Contractor from AMEC
One of Willbros Group, Inc.'s subsidiaries has entered into a Share Purchase Agreement with AMEC to acquire all of the shares of Midwest Management (1987) Limited ("Midwest"), a Canadian pipeline and facilities construction company.
8:00 PM EST | June 05, 2007
Willbros Reports $22M Loss for 2006
Willbros Group, Inc. late Wednesday reported its results for the fourth quarter and the full year 2006.
7:00 PM EST | March 07, 2007
Willbros Wins Project from Spectra-CenterPoint JV
The North American pipeline construction business unit of Willbros Group, Inc. has garnered a contract with Southeast Supply Header, LLC (SESH) to construct approximately 190 miles of the SESH project.
7:00 PM EST | February 20, 2007
Willbros Divests Nigerian Ops
Willbros Group, Inc. said late Wednesday that it has completed the sale of its Nigerian operations through an offshore share purchase agreement for a total consideration of US$155.25 million.
7:00 PM EST | February 07, 2007
Former TransCanada Chair Joins Willbros Board
Willbros Group, Inc. said that Gerald J. Maier has been appointed to its Board of Directors. Maier served as Chairman of TransCanada PipeLines, a natural gas transmission and power company, from 1992 until his retirement in 1998.
7:00 PM EST | January 11, 2007
Willbros CEO Curran to Step Down
Willbros Group, Inc. announced that Michael F. Curran, currently Chairman and Chief Executive Officer, has elected to retire and has entered into a consulting agreement to provide his expertise to the Company for a period of two years.
7:00 PM EST | December 28, 2006
Willbros Appoints Bayer to Board
Willbros Group, Inc. announced that Michael J. Bayer has been appointed to the Board of Directors.
7:00 PM EST | December 13, 2006
Willbros Realigns Management Structure
Willbros Group, Inc. reported that Clay Etheridge, President of Willbros International, Inc. ("WII") and James R. "Rick" Wiggins, Vice President of WII and Country Manager for Nigeria operations, have resigned their respective positions.
7:00 PM EST | November 14, 2006
Willbros Enters Into New Credit Facility
Willbros Group, Inc. said late Friday that it has entered into a new credit agreement with a group of investors led by Calyon Securities ("Calyon") for a $100 million three-year senior secured synthetic credit facility.
7:00 PM EST | October 29, 2006
Willbros Announces Private Placement, Credit Facility
Willbros Group, Inc. said that it has entered into a purchase agreement for the private placement of approximately 3.7 million shares of its common stock, priced at $14.00 per share.
8:00 PM EST | October 26, 2006
Willbros Closes Sale of Its Venezuelan Businesses
Willbros Group, Inc. said late Thursday that it has closed the transaction for the sale of its Venezuelan businesses.
8:00 PM EST | August 17, 2006
Willbros Selects New CFO
Willbros Group, Inc. announced Thursday that it has completed a search for a new chief financial officer, who has been approved by the board of directors.
8:00 PM EST | August 09, 2006
Willbros Wins Contracts in U.S., Oman
Willbros Group says that operating units in the United States and Oman have been selected to perform multiple projects valued in excess of $300 million.
8:00 PM EST | June 18, 2006
Willbros Names Randy Harl CEO as Successor to Mike Curran
Willbros Group says that its Chairman and Chief Executive Officer, Michael F. Curran, will transfer his duties as Chief Executive Officer on January 1, 2007, to Randy Harl.
8:00 PM EST | June 14, 2006
Willbros Delays Filing Form 10-Q
Willbros Group will delay filing of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2006.
8:00 PM EST | May 09, 2006
ExxonMobil Turns on the Taps at Ehra
ExxonMobil Corp. said Friday that its affiliate, Esso Exploration and Production Nigeria Limited (EEPNL), has started production from the world-class Erha deepwater development offshore Nigeria.
8:00 PM EST | April 27, 2006
Willbros Reports the Release of Five Additional Employees
Willbros Group has confirmed the release of five additional workers taken hostage on February 18 from a Willbros vessel working in Nigeria.
7:00 PM EST | March 01, 2006
Willbros Reports One Hostage Freed
Willbros Group has confirmed the release of the American worker taken hostage on February 18th from a Willbros vessel working in Nigeria.
7:00 PM EST | February 28, 2006
Shell Continues to Cooperate with Authorities for Safe Release of Hostages
Shell Petroleum Development Company of Nigeria Limited (SPDC) continues to cooperate with the Nigerian authorities and Willbros, and offer every assistance to secure the safe release of the hostages.
7:00 PM EST | February 26, 2006
Willbros Taking Action to Secure Release of Employees
Willbros Group has a crisis management team working closely with the appropriate parties and authorities to seek an early and safe resolution of the situation.
7:00 PM EST | February 19, 2006
Willbros Demobilizes Employees from Affected Area in Nigeria
Willbros Group says that as a result of the hostage-taking incident that took place on its vessel, WB 318, on Saturday, it has demobilized project personnel in the area affected by the hostage-taking incident to secure areas in Nigeria.
7:00 PM EST | February 19, 2006
Nigerian Oil Union to Hold Monday Meeting on Work Safety
Nigerian oil unions representing thousands of oil workers will hold a meeting Monday to discuss their members' safety and whether its safe for them to go to work at individual companies, a union president said.
7:00 PM EST | February 19, 2006
Willbros Names Randy Harl President and Chief Operating Officer
Willbros Group says that Robert R. (Randy) Harl, 55, has been named President and Chief Operating Officer and also a member of the Board of Directors of the Company.
7:00 PM EST | January 24, 2006
Willbros Wins New Projects Valued Over $175 Million
Willbros Group says that business units in Canada, the United States, the Middle East and West Africa have been awarded multiple projects valued in excess of $175 million.
7:00 PM EST | January 17, 2006
Willbros Enters $65 Million Private Placement Deal
Willbros Group has entered into a purchase agreement for a private placement of approximately $65 million aggregate principal amount of its 6.5% Convertible Senior Notes due 2012.
7:00 PM EST | December 22, 2005
Willbros Commences Consent Solicitation on Convertible Senior Notes
Willbros Group says it is soliciting consents from the holders of its outstanding 2.75% convertible senior notes due 2024 to amend certain provisions in the indenture governing the notes.
8:00 PM EST | September 07, 2005
Willbros Awarded $200 Million in New Contracts
Willbros Group reports that units in West Africa and the United States have been awarded new contracts which are expected to generate approximately $200 million in new revenue.
8:00 PM EST | May 16, 2005
Willbros Awarded Multiple Projects Valued at Over $150 Mln
Willbros Group reports that five of its business units in Africa, Oman and the United States have received contracts valued in excess of $150 million for engineering, construction and EPC (engineering, procurement and construction) assignments in the United States, Bangladesh, Oman and West Africa.
7:00 PM EST | December 26, 2004
Willbros Receives Letter of Intent for West Africa Work
Willbros Group's West Africa operating unit has received a letter of intent from a major international E & P Company authorizing commencement of a portion of the work associated with a contract to retrofit and revamp existing platforms offshore West Africa.
8:00 PM EST | September 06, 2004
Willbros Announces Elections to its Board of Directors
Willbros Group announced that, at its annual meeting held May 20, Rodney B. Mitchell was re-elected to its Board of Directors, and S. Miller Williams was elected to its Board of Directors, each for a three-year term.
8:00 PM EST | May 23, 2004
Willbros Reports First Quarter 2004 Results
Willbros Group reported, for the quarter ended March 31, 2004, a loss of $(0.01) per share on revenue of $102.3 million. This is an improvement over the guidance of a loss of $(0.03) to $(0.07) per share the Company provided on February 23, 2004.
8:00 PM EST | May 03, 2004
ChevronTexaco Confirms 7 Dead from Attack on Benin River
Chevron Nigeria Limited can now confirm a total of seven fatalities from last Friday's (April 23) attack on the Benin River.
8:00 PM EST | April 25, 2004
Option Exercised to Purchase Add'l Willbros Senior Notes
Willbros Group reports that the initial purchasers of its 2.75% Convertible Senior Notes due 2024 have exercised their option to purchase an additional $10 million aggregate principal amount of the notes.
8:00 PM EST | April 13, 2004
Willbros Wins More Pipeline Work
Willbros Group has been awarded new work valued at approximately $45 to $50 million for pipeline work in Texas and Ecuador.
7:00 PM EST | February 29, 2004
Willbros Awarded EPC Contract
The Oman Construction Company has been awarded an EPC contract for multiple pipelines in the Lekhwair field area to be installed for Petroleum Development Oman.
8:00 PM EST | August 18, 2003
Kidnapped Oil Workers Located
The three oil workers that were kidnapped last week in Nigeria have been located and efforts are underway to secure their safe release.
8:00 PM EST | July 01, 2003
Nigerian Security Forces Begin Manhunt for Kidnappers
Nigerian security forces have begun a manhunt for the kidnappers of the three Shell oil workers that are begin held for ransom.
8:00 PM EST | June 29, 2003
Willbros Wins Middle East Pipeline Contract
The Oman Construction Company has been awarded an engineering, procurement and construction contract for a natural gas pipeline system in Oman for Occidental of Oman Inc.
8:00 PM EST | May 04, 2003