QUOTE AND NEWS
newratings.com  Sep 4  Comment 
WASHINGTON (dpa-AFX) - Willbros Group Inc. (WG) announced that Robert Harl is retiring as Chief Executive Officer and director when his current employment agreement expires on January 2, 2015. Harl joined Willbros in 2006 and has served as Chief...
SeekingAlpha  Sep 4  Comment 
By Darspal S Mann: Willbros Group Inc. (NYSE:WG) stock is trading close to the same level it was three years ago, even though EBITDA during that period has increased by more than 3 times and revenue has increased by more than 50%. This discrepancy...
OilVoice  Aug 18  Comment 
Wood Group Intetech WG Intetech a world leader in well integrity management has developed a new software platform for analysing global well component reliability data. Called iQRA the tool provid
SeekingAlpha  Aug 5  Comment 
Willbros Group (NYSE:WG) Q2 2014 Earnings Call August 05, 2014 9:00 am ET Executives Connie Dever - Robert R. Harl - Chief Executive Officer, Director, Member of Executive Committee and Member of Finance Committee Van A. Welch -...
OilVoice  May 20  Comment 
Willbros Group Inc. NYSE WG announce the promotion of Earl Collins to the position of President of Willbros Group Inc. effective July 1 2014. Collins is a veteran of the engineering and constru
SeekingAlpha  May 6  Comment 
Willbros Group (WG) Q1 2014 Earnings Call May 06, 2014 9:00 am ET Executives Connie Dever - Robert R. Harl - Chief Executive Officer, President, Director, Member of Executive Committee and Member of Finance Committee Van A. Welch...
OilVoice  Apr 8  Comment 
Willbros Group Inc. NYSE WG announced that it has sold certain assets and operations of its Oil Gas Segment39s downstream businesses to a privately held company. The sale includes the union r
Benzinga  Apr 7  Comment 
Willbros Group, Inc. (NYSE: WG) announced today that it has sold certain assets and operations of its Oil & Gas Segment's downstream businesses to a privately held company. The sale includes the union refinery maintenance turnaround service line,...
SeekingAlpha  Mar 26  Comment 
By Chris Bunge: Willbros (WG) is an energy-focused engineering and construction firm that has considerably underperformed its peers. The underperformance has resulted in P/E multiple contraction. Since the weak performance, management has...
SeekingAlpha  Feb 28  Comment 
Willbros Group (WG) Q4 2013 Earnings Call February 28, 2014 9:00 am ET Executives Connie Dever - Director of Strategic Planning Robert R. Harl - Chief Executive officer, President, Director and Member of Executive Committee Van A....




 
TOP CONTRIBUTORS

Willbros Group, Inc. is an independent international contractor serving the oil, gas and power industries and government entities worldwide. Willbros operates its business in two segments: the United States and Canada (United States & Canada) and all other countries outside of the United States and Canada (International). It provides engineering; construction; engineering, procurement and construction (EPC), and specialty services to industry and governmental entities worldwide, specializing in pipelines and associated facilities for onshore, coastal and offshore locations. The Company is also involved in asset development, ownership and operations as an extension of its portfolio of industry services. In June 2006, the Company announced its decision to sell its assets and operations in Nigeria, and on February 7, 2007, it sold its Nigeria operations through a share purchase agreement. In October 2006, it completed the sale of its interests in Venezuela. During the year ended December 31, 2006, the Company sold its interest in a water injection facility in Venezuela and its TXP-4 gas processing plant in Opal, Wyoming.

Engineering Services

The Company provides project management, engineering and material procurement services to the oil, gas and power industries, and government agencies. It specializes in providing engineering services to assist clients in constructing or expanding pipeline systems, compressor stations, pump stations, fuel storage facilities, and field gathering and production facilities. The Company also provides a range of field services, including surveying, right-of-way acquisition, material receiving and control, construction inspection, facilities startup assistance and facilities operations.

Construction Services

The Company's construction capabilities include the construction and replacement of large-diameter cross-country and offshore pipelines; to fabricate engineered structures, process modules and facilities; to construct oil and gas production facilities, pump stations, flow stations, gas compressor stations, gas processing facilities and other related facilities, and to construct offshore platforms, subsea facilities, piers, docks and bridges. The Company owns, leases, operates and maintains a fleet of equipment necessary for operations in the pipeline construction business. Willbros provides fabrication services and are capable of fabricating such diverse deliverables as process modules, subsea templates, flare piles and tips and offshore jackets, and decks. Willbros MSI Canada Inc. (Willbros MSI) purchased in 2006, an additional 90,000-square-foot fabrication facility in Edmonton, Alberta. This facility has expanded Willbros MSI fabrication capability to provide process modules to the burgeoning heavy oil market in northern Alberta. Including the new facility in Edmonton, Willbros MSI operates three fabrication facilities in Ft. McMurray and Edmonton, Alberta, Canada.

The Company can provide a range of services for the engineering, design, procurement and construction of processing, pumping, compression, and metering facilities. It is capable of building such facilities onshore, offshore in shallow water or in swamp locations.

EPC Services

The Company's EPC services include engineering, procurement, construction and project management resources to work with clients to provide total project solutions. In performing EPC contracts, the Company participates in numerous aspects of a project. It therefore is able to determine the design, permitting, procurement and construction sequence for a project in connection with making engineering and constructability decisions. Willbros provides its engineering, construction and EPC services, as the scope of work requires, through professional engineering, technical staff, construction management and craft personnel utilizing engineering systems, hardware and software and a fleet of company-owned and leased equipment that includes marine vessels, barges, dredges, pipelaying equipment, heavy construction equipment, transportation equipment and camp equipment.

Specialty Services

Willbros provides a range of support and ancillary services related to the construction, operation, repair and rehabilitation of pipelines. It owns and operates a variety of specialized equipment that is used to support construction projects and to provide a range of oilfield services. Specialty services include transport of dry and liquid cargo, pipe double-jointing, rig moves and maintenance and repair services. Through its construction resources, the Company also provides specialty services, including asset development and operations, also referred to as facility operations. The Company's facility operations include assets developed under build, own and operate contracts, such as the fueling facilities operated for the Defense Energy Support Center, an agency of the United States Government, a 10% ownership in a water injection facility in Venezuela and a gas processing plant owned by the Company in the Wyoming area.

The Company competes with Associated Pipeline Contractors, Gregory & Cook, H. C. Price, Sheehan Pipeline Construction, U.S. Pipeline, Welded Construction, Sunland, Dyess, Flint, Jomax, Alliance Engineering, Bechtel, Worley Parsons, Fluor, Gulf Interstate, Jacobs Engineering, KBR, Mustang Engineering, Paragon Engineering, Snamprogetti, Trigon EPC, Technip (France), CCC (Lebanon), Saipem (Italy), AMEC Spie-Capag (UK), Techint (Argentina), Bechtel (U.S.), Stroytransgaz (Russia), Tekfen (Turkey), Nacap (Netherlands), Desert Line, Al Ahram, Hamdam, TruckOman, Taylor Woodrow Towell (UK), Dodsal (India), Saipem (Italy) and Galfar (Oman).




References

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