Wood extends bid deadline again in pursuit of firm offer from Apollo
Wood Group has extended its deadline in the hopes of pinning down a firm and final takeover offer from US private-equity group Apollo.
Wood Group
Apollo moves to break deadlock with final takeover bid for Wood
After "careful consideration", and in a bid to reach "a definitive conclusion", Apollo submitted a fifth, and final, offer on Tuesday.
Sons’ tribute to Bill Edgar CBE, former Subsea UK and Wood Group director
Former Wood Group director and giant of Aberdeen’s subsea oil and gas sector, William “Bill” Edgar, has died aged 84.
Wood bags FEED work for Norwegian green hydrogen plant
Wood (LON:WG) has secured an award for front-end engineering design (FEED) for a new green hydrogen production facility in Mosjøen in northern Norway.
Wood expands chemicals footprint with new Esseco UK contract
Wood has been appointed as capital delivery partner for Esseco UK’s chemical production facility in Wakefield.
Updated: Wood set for a ‘phenomenally positive’ future, says outgoing CEO Robin Watson
The outgoing CEO of Wood, Robin Watson, believes the energy services giant is on course for a “phenomenally positive” future as he prepares to step down.
Big Oil should spend windfall billions on transition, not dividends, says former Wood Group CEO
Oil giants should spend their billions of windfall profits on transition, not shareholder returns, according to the former CEO of Wood Group.
Oil services firms under pressure as Scot Gov says to ‘sever links’ with Russia
Oil and gas services firms are under increasing pressure to cut links with Russia, in a bid to ratchet up economic pressure in the wake of Russia’s invasion of Ukraine.
Updated: Shares in Wood dip after forecasted drop in revenue, firm expects bribery cases to conclude in June
Shares in energy services giant Wood have dipped after the company projected a revenue drop in the first half of the year.
Construction on Equinor’s Hywind Tampen project gets underway
Construction on what will be the world’s first floating offshore wind farm to power offshore oil and gas platforms has got underway.
Diversifying out of oil and gas ‘absolutely what companies should be doing’ says Sir Ian Wood
Sir Ian Wood has said diversifying into areas out of oil and gas is “absolutely what companies should be doing”.
Industry veteran honoured at 2020 Decom North Sea Awards
Oil and gas veteran Brian Nixon was among those recognised for their contributions to the decommissioning sector during the 2020 Decom North Sea (DNS) Awards yesterday.
Wood targets 40% reduction in emissions by 2030
Aberdeen-headquartered energy services firm Wood has announced targets to reduce its direct and indirect emissions by 40% by 2030.
Ripping up key offshore deal goes against ‘every principle’ held by sector, union boss says
A trade union boss has said offshore contractors’ plans to scrap a blanket deal covering thousands of workers went against “every principle” championed by North Sea industry.
Deal to save ‘thousands’ of North Sea jobs hammered out
A deal has been struck to protect hundreds, and potentially thousands, of North Sea jobs during the coronavirus outbreak.
Sir Ian Wood to receive prestigious Carnegie Medal for philanthropy
One of the north-east’s most renowned business figures has gained international recognition for his philanthropy.
Former Wood Group CEO named ‘icon of the year’
Scottish Enterprise chairman and former Wood Group chief executive Bob Keiller was yesterday unveiled as Scotland’s “icon of the year” in the Barclays Entrepreneur Awards.
Wood services still ‘very focused’, chief executive says
Wood chief executive Robin Watson said the group’s service offering remained “very focused” despite expanding into more sectors.
Liam Fox: I can avoid £500m Brexit bill for oil industry
International Trade Secretary Liam Fox has reassured oil executives he can avoid a £500million Brexit bill while on a visit to Aberdeen.
Tory MP warns of north-east oil and gas skills shortage
A north-east MP has warned of an impending oil and gas skills shortage, blaming a drop in those pursuing vocational qualifications.
Wood Foundation helps thousands out of poverty
In the stifling early morning heat, hundreds of tea farmers work to pick leaves in Rwanda’s northern province.
MHWirth chosen for drilling work on major Canadian oilfield project
MHWirth has won a contract to provide a range of drilling services for a major oilfield development of Canada's east coast.
New Wood wins first deal
The newly formed Wood has won its first deal, after its £2.2billion takeover completed.
Who’s on the executive team of the new Wood?
Wood Group has today completed its £2.2billion takeover of Amec Foster Wheeler.
Exclusive Interview: Wood Group completes £2.2bn takeover, talks jobs and debuts new name
Wood Group has today completed its £2.2billion takeover of Amec Foster Wheeler.