Wood reports ‘mixed quarter’ as business areas underperform
Aberdeen-headquartered Wood (LON: WG) has reported a "mixed quarter" as areas of the business delivered a "disappointing" period, CEO Ken Gilmartin shared.
Wood
Wood expects to make $165m after signing deals to sell non-core businesses
Wood Group (LON: WG) expects to make around $165m after signing separate sales agreements to sell two of its non-core businesses.
Wood completes assessment of three Norwegian CCS projects
Aberdeen-based Wood (LON: WG) has successfully assessed the technical feasibility of three carbon capture and storage (CCS) projects on the Norwegian Continental Shelf.
EVOL: Wooing Wood, making bank and CCS support
Wood had a rough landing this week, but the big boss reassured Erikka that things are on the turn. A number of suitors have come calling but failed to close, in testament to the company’s attractiveness Ken Gilmartin said.
Supply chain champion calls for £150m investment pot as Wood boss takes over
As Sian Lloyd Rees's time as the UK’s supply chain champion comes to an end, she recommends that the government sets up a £150 million funding pot.
Wood and BP form alliance as work kicks off in the North Sea
UK supermajor BP (LON: BP) and Aberdeen headquartered engineering firm Wood (LON: WG) have formed a strategic alliance for work on global assets.
Shell hands Wood pre-FEED work on Middle East hydrogen project
Wood (LON: WG) has been awarded pre-front-end engineering and design (pre-FEED) work on Oman's Blue Horizons hydrogen project by the UK supermajor Shell (LON: SHEL).
Sidara steps away from takeover as Wood shares collapse
Wood's share prices have dropped by almost 40% since Sidara announced it was stepping away from its takeover bid.
Wood pushes back Sidara takeover bid deadline again
Wood (LON:WG) has pushed back the "put up or shut up" date for Sidara's takeover bid by a week as discussions "remain ongoing."
EVOL: Wood on the move, electoral turmoil and volcano drilling
Wood is considering another offer for the company, from the Middle Eastern Sidara. Such a sale would likely help Wood access new international markets, but the loss of a FTSE250 company based in Aberdeen will be lamented. Given the challenges of the North Sea, is such a move inevitable?
Aberdeen’s Wood Group rejects third Sidara takeover bid
Aberdeen-headquartered engineering services firm Wood Group (LON:WG) has rejected a third improved takeover bid from Dubai-based Sidara.
40 jobs created as Wood lands deal to decarbonise TotalEnergies’ Elgin-Franklin
Wood (LON: WG) has landed work to decarbonise oil major TotalEnergies’ Elgin-Franklin platform in the North Sea, creating 40 jobs.
Wood appoints chief strategy officer
Aberdeen-based Wood (LON:WG) has appointed Jennifer Richmond to the newly created role of chief strategy officer (CSO).
Wood Group faces call from Sparta Capital to explore sale or US listing
Call from Sparta Capital Management comes a year after collapse of £1.7bn Wood takeover bid from private equity giant Apollo.
Report – Wood Group to make hundreds of job cuts
It has been reported that Aberdeen-headquartered engineering firm Wood Group (LON: WG) is planning to make hundreds of job cuts.
Wood, TechnipFMC and more win £4bn Teesside net zero contracts
Net Zero Teesside Power (NZT Power) and the Northern Endurance Partnership (NEP) have dished out contracts with a combined value of around £4 billion.
Wood confirms 22 jobs to be cut in Aberdeen
The majority of the energy service giants employees are based in the Granite City.
Wood secured $850 million in Middle East contract throughout 2023
Aberdeen-based consulting and engineering firm Wood has announced that it secured $850 million in Middle East contracts throughout 2023.
Wood targets organic growth but ‘always looking at portfolio rationalisation’
The CEO of Wood (LON: WG) has not ruled out further divestments as the firm continues to execute its medium and long-term targets.
Wood plans sale of stake in Aberdeen gas turbines firm Ethos Energy
Ethos Energy, majority owned by Wood, was launched as a £685m “super-firm” in 2014.
Wood secures ‘major’ North Sea contract with BP
Engineering firm Wood has been awarded a "major" multi-million dollar contract to deliver topside modifications for a BP subsea tieback in the UK North Sea.
Trion: Aberdeen’s Wood to design huge topsides for Gulf of Mexico oil project
Wood (LON: WG) will design the topsides for Trion, a new oil project in the Gulf of Mexico from Australian energy giant Woodside.
To turn commitments into reality, we need to focus on proven solutions
As Dr Sultan Al Jaber, COP28 President, reiterated in his concluding remarks, “an agreement is only as good as its implementation. We are what we do, not what we say”.
Wood lands contract extension with Equinor for Mariner field
Wood (LON: WOOD) has secured a two-year extension to a contract with Equinor for work on the Mariner field in the UK North Sea.
North Sea workers end trade dispute after securing £9,000 pay rise
Dozens of North Sea oil and gas workers have ceased a long-running union dispute after securing a pay rise of up to £9,000 each.