Talks are being held with Wood Group and Bilfinger Industrial Services staff working at the Sullom Voe Terminal in Shetland over the future of up to more than 200 positions.
Wood Group is in discussions regarding around 90 positions at the BP-operated terminal following a review of its personnel requirements brought on by changes being made to work on the site.
Meanwhile Bilfinger Industrial Services said it had also initiated consultation due to changes in seasonal workloads and winter working conditions.
Wood Group has acquired Automated Technology Group (ATG), one of the UK's largest independent suppliers of control and power solutions for industrial automation in a multi-million pound deal.
Statoil said today it had appointed Wood Group of Aberdeen to provide four-year operations, maintenance and modifications services in the Peregrino development offshore of Brazil.
Wood Group Intech (WGI) has strengthened its team with a new global business development manager.
Colin Underwood will be responsible for leveraging and building the global capability of the company working with the firm's regional representatives.
Underwood brings with him more than 30 years of industry experience, working across a broad range of disciplines and in a variety of geographical and cultural settings.
Wood Group has provided engineering, procurement and other services to Flint Hills Resources for its Eagle Ford modification at its West refinery in Texas.
The project will enable the refinery to process 100% US crude – primarily from the Eagle Ford region – into transportation fuels.
The work was successfully completed by Wood Group Mustang (WGM) who completed the conceptual and front-end engineering design phases of the project.
Bob Keiller sends a message on Core Values to Wood Group employees every week. The note below is taken from a message he sent to employees a few weeks ago.
Remember the '80s US rock band Van Halen?
Ever heard of a clause buried deep in their lengthy touring contract? It stated something like “there should be no brown M&Ms backstage…if found, the band has the right to cancel the concert at full pay without warning.”
Wood Group chief executive Bob Keiller said it would spend “every dollar needed but not one dollar more” to get the job done.
The company leader was briefing investors about the firm’s financial results when he made the commitment today.
Wood Group recorded a 20% drop in revenue. Since the oil price slip, the firm has been forced to make 5,000 redundancies, including 1,000 in the UK, 3,000 in the US and 1,000 in the Middle East.
Wood Group has won a front end engineering and design (FEED) contract for the subsea development of the Talisman Energy Ca Rong Do field offshore Vietnam.
The work will be carried out by Wood Group Kenny (WGK) who will also complete comprehensive flow assurance studies.
WGK’s Kuala Lumpur office will conduct the work on the subsea FEED and will be supported by other offices in Asia Pacific.
Wood Group has won a $28million contract with Mexican state-owned oil company Pemex.
The deal will see Wood Group Kenny (WGK) and Wood Group Mustang (WGM) provide deepwater and complex shallow water concept and basic engineering services.
I’ve received many questions following recent articles on how to manage during difficult times.
Readers are asking what specific things they could do, or I have done, or we are planning to turn the generic advice into practical measures.
Well, I suppose it all depends. My business situation will be different from everyone else’s, so my decisions may or may not be relevant to others, but I am happy to share some of the tactical options we took to make our business less vulnerable during the current downturn in our industry.
Many of us are old enough to remember buying vinyl albums. After you bought a new one, you would study every detail of the cover, and, then, you would play it repeatedly until you knew every track.
Not only that, you knew the order of the tracks.
I find good music inspirational. Some of you will already know that I write a weekly message on Core Values to my employees, and I always use a musical reference as a hook.
So today, I want to share my playlist for leading in difficult times.
Wood Group confirmed the slide in oil price has hit its financial results.
In a pre-close trading update for the first half of the year, the company said despite the dip it still expects full-year earnings before interest, tax and amortisation (EBITA) to adhere to analyst expectations.
Wood Group has struck a 10 year agreement with Antin Infrastructure Partners (Antin IP) worth $250million.
The deal will see Wood Group provide operating services for the North Sea’s Central Area Transmission System (CATS).
Wood Group has agreed a six year deal with state-owned Saudi Aramco to establish an offshore engineering centre of excellence in Al Khobar, Saudi Arabia.
Wood Group Kenny (WGK) has secured a multi-million dollar five-year contract with Oil Spill Response to provide the maintenance support for a key part of a containment toolkit that would be used to control hydrocarbon release in the event of a subsea well control incident.
WGK will work with the organisation to ensure flexible flowlines included in the toolkit are continuously in a condition suitable for immediate load out if mobilised by subscribing oil and gas operators.
The work will include maintenance management, recommendations for preservation, inspection and testing of all ancillary and lifting equipment, as well as the flexible flowlines, stored at sites in the UK, Singapore and Brazil.
Wood Group has confirmed almost 100 jobs are at risk at the Energy service giant.
As previously reported on Energy Voice, the company said it had launched a consultation with about 380 staff in its Wood Group PSN business - 80 of whom are expected to lose their jobs - following an operational review aimed at reducing costs and improving efficiency.
It is anticipated a further 12 roles will go in the company’s Wood Group Kenny subsidiary.
The oil price slump grinds on and the North Sea remains in crisis, but Wood Group’s chief executive Bob Keiller is clear that people, the UK offshore industry’s primary resource, must still be valued.
During last month’s UK Oil & Gas roadshow ahead of the budget, Keiller made it clear that talk about “we’re going to have to get rid of a few people” was unacceptable.
“Unless you’re in the Mafia you don’t get rid of people,” he warned an Aberdeen audience.
“You may take away their jobs, you may take away their self-esteem, their dignity, their reason for getting up in the morning; there will still be a person there; there will still be a family behind them.
“The impact of job losses shouldn’t be underestimated.”
Energy service giant Wood Group has been awarded a contract by Statoil, on behalf of Gassco, for engineering modifications and upgrades to its Kollsnes gas plant, west of Bergen, Norway.
The estimated value of the contract, including options and procurement, is more than £41million.
