WELLSTREAM is a leading designer and manufacturer of bespoke offshore flexible pipeline products, systems and solutions with a 30-year track record of innovation.Read
GENERAL Electric is to pay £1.7bn for an oil industry equipment company - the latest in a series of acquisitions in the sector which included the £800m takeover of Tyneside firm Wellstream.Read
OIL and gas company Wellstream – which is about to be taken over by US industrial giant General Electric (GE) – is forecasting better than expected annual revenues for its last year as an independent business.Read
NEWCASTLE-based oil and gas services company Wellstream said today that last year’s earnings will be better than expected after a strong performance in Brazil in the second half of 2010.Read
THE biggest oil services company in the North East is poised to be snapped up by US giant General Electric. John Hill looks at the implications of the deal.Read
NORTH East oil services firm Wellstream looks likely to become part of the oil and gas division of American giant General Electric after its board backed an offer valuing it at nearly £800m.Read
ONE of the big institutional shareholders in Wellstream has halved its holdings in the Newcastle-based oil and gas services company which is at the centre of takeover speculation.Read
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