Wood lands ‘big win’ contact with Esso Australia
Aberdeen’s Wood (LON:WG) has landed a second contract with Esso Australia, a move that it claims will create 250 jobs.
Wood Group
Wood offloads stake in Ethos Energy to US private equity firm
Wood completes $138m deal to offload its controlling stake in Aberdeen’s Ethos Energy after “disappointing” third quarter.
Wood and Costain celebrate ‘monumental’ £4bn Teesside CCS bonanza
UK firms Costain Group (LON:COST) and Wood (LON:WG) have hailed the "monumental" projects starting after two landmark carbon capture and storage (CCS) projects in the North East of England got support to go ahead Tuesday.
Wood signs trio of new agreements with old customer BP
Energy services firm Wood (LON:WG) confirmed is has won three new contracts with BP (LON:BP), extending a decades-long relationship between the two firms.
Wood shares collapse as it orders investigation into contract write-offs
Wood (LON:WG) has announced a shock review of its books following write-offs of large scale contracts prompting another share price collapse for the beleaguered energy services group.
Wood wins million hours job in Saudi Arabia
Aberdeen's Wood (LON:WG) has won a contract with Saudi Arabia's giant Aramco (SA:2222) to help the Gulf state increase natural gas production.
Wood Group boss said lossmaking half year is a “story of transformation”
Ken Gilmartin said Wood is "made up of some of the most brilliant, fantastic, creative, dedicated people on the planet".
Wood Group unveils stinging $983million half year loss
Aberdeen's Wood Group (LON:WG) has revealed the hill it must climb as to turn around the business as it revealed total half year losses reaching nearly $1billion (£757m).
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’s ‘prospects are improving, but there is still some way to go’
Following Wood’s (LON: WG) latest trading update, shareholders will need evidence of improvement before another takeover bid is rejected, said RBC Brewin Dolphin.
Shell hands Wood Aussie FLNG contract
Aberdeen-based engineering firm Wood has secured a contract with Shell for work on the Prelude floating liquified natural gas (FLNG) facility in Western Australia.
Wood extends Sidara takeover deadline
Aberdeen-headquartered engineering firm Wood (LON:WG) has extended a deadline for Dubai-based competitor Sidara to make a firm takeover offer to the end of July.
Decision deadline looms for Wood in Sidara takeover bid
Aberdeen-headquartered engineering firm Wood (LON:WG) is nearing its deadline to accept or reject a takeover offer from Dubai-based competitor Sidara.
Wood requests time to mull £1.6bn “final” offer
Wood Group (LON: WG) has requested a deadline extension in order to consider a "final offer" bid from its Dubai-based suitor, Sidara.
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.
Wood knocks back second takeover bid worth nearly £1.5 billion
Aberdeen company Wood (WG.L) has rejected a second, improved takeover bid, worth nearly £1.5 billion from a Middle East suitor.
Sidara will need to top Apollo’s bid to get Wood’s attention, analysts say
Sidara will have to top Apollo's bid to get the board interested, given the improved position of the business over the last year.
Wood rejects $1.65bn takeover offer from Lebanon’s Sidara
Aberdeen-headquartered engineering services company Wood Group (LON: WG) has once again found itself a takeover target after rejecting a bid from Lebanese engineering firm Sidara.
Wood CEO denies job cut claims as firm targets continued growth
Wood Group (LON:WG) chief executive officer Ken Gilmartin hosed down media reports of potential job cuts as the firm seeks to continue its growth strategy.
Wood Group announces cost cutting drive as it continues growth strategy
Aberdeen-headquartered engineering firm Wood Group (LON:WG) has announced a cost cutting drive as the company seeks to deliver annual savings of $60 million from 2025.
Duty holder, it’s our best kept secret
Wood, the consulting and engineering company, is well known in the North Sea for its operations and maintenance and is now leveraging its experience to support the industry to decarbonise assets as part of the drive to net zero.
Together, we can make great strides
It takes time to settle into a new environment and adapt to new people, new surroundings.
Industry collaboration is required to change minds and save lives
As an industry, we’ve made good progress in mental health support, but we need to do more. According to a study by the International SOS Foundation, which looked at the mental health vulnerabilities for remote and rotational workers, 40% of respondents experience suicidal thoughts while on duty.
Aberdeen’s Wood appoints Arvind Balan as new chief financial officer
Wood Plc (LON: WG) has announced the appointment of Arvind Balan as its new chief financial officer and executive director.
Wood Plc shares climb as revenue and profit guidance increases
Positive results for growth strategy, but H1 results dented by legacy issues and Apollo takeover bid