Updated: Wood Group has axed 170 jobs in Houston
Oil services firm Wood Group has axed around 170 jobs in Houston, Texas.
Wood Group
Chevron awards contract for Tigris and Anchor developments
US supermajor Chevron has awarded a contract for its Tigris and Anchor developments in the Gulf of Mexico.
Brent Bravo decommissioning project secures 150 Wood Group jobs
A new decommissioning contract worth tens of millions of pounds is expected to safeguard about 150 jobs at energy service giant Wood Group.
Shell awards Brent Bravo decom work
Shell today awarded a decommissioning contract to support the upcoming single lift of its Brent Bravo topside in the North Sea.
North Sea jobs in most danger from Wood Group, AFW merger
North Sea operations of Wood Group and Amec Foster Wheeler (AFW) are the most at risk of job cuts after a £2.2billion mega-merger of the firms, it emerged yesterday.
Sir Ian Wood ranked fifth wealthiest in Scotland
The family behind one of Scotland’s most successful whisky firms has kept its place at the top of an annual league table of Scotland’s wealthiest people.
Wood Group picks £2.2bn integration leader
Wood Group has appointed a US-based executive to lead the integration of its £2.2billion mega-merger with Amec Foster Wheeler.
Union says ‘no new talks’ with OCA over rejected pay offer
Offshore trade unions intend to serve North Sea employers with strike ballot notices in the coming weeks with no sign of talks on the horizon, it is understood.
Union chiefs call for “transparency” on jobs after Wood Group and AFW reveal another £40m of tie-up savings
Wood Group declined to say last night how many jobs could go in its proposed £2.2billion takeover of Amec Foster Wheeler (AFW), despite the firms announcing a £40million jump in efficiency savings.
Wood Group ups total cost savings from Amec takeover
Wood Group this morning said the cost savings from its £2.2billion Amec takeover total more than originally thought.
North Sea investors more concerned by IndyRef2 than Brexit, poll says
North Sea deal-making and investment will carry on in the face of political uncertainty over the next few years, a new survey said.
UPDATED: Oil workers’ cancer fears after rig radiation exposure
oil workers have been left fearing they will develop cancer after being exposed to radiation while on a North Sea platform.
Wood Group Aberdeen HQ to stay but job losses ‘inevitable’
Job losses and office closures are inevitable but Wood Group will keep its headquarters in Aberdeen following a £2.2billion takeover of energy services rival Amec Foster Wheeler (AMF), it was announced yesterday.
AFW and Wood Group shares boosted by takeover deal
Amec Foster Wheeler (AMF) shares surged nearly 12% higher following news of the takeover deal yesterday.
Unite will fight to defend jobs and pay after Wood Group/AFW merge
The Unite union focused, not surprisingly, on the inevitable job losses.
Wood Group mega-merger will create dominant player in a fragmented market
Wood Group's £2.2billion mega-merger will create a dominate player in a fragmented market, analysts today said.
Amec’s share price jumps 20% on takeover bid
Amec’s share price soared 20% this morning after Wood Group revealed plans to take it over in a £2.2billion deal.
Updated: Wood Group to takeover Amec in £2.2bn deal
Two of the biggest North Sea services players this morning revealed plans to combine.
Wood Group targets Permian for growth
Global oilfield services firm Wood Group will focus on offshore upstream and US onshore shale projects as growth markets for 2017.
Wood Group claims reputation has kept business coming through downturn
Aberdeen based oil service giant Wood Group claims its reputation has kept business coming through the door during the downturn.
Wood Group: M&A appetite is ‘undiminished’
Wood Group's appetite for mergers and acquisitions is "undiminished", according to company bosses.
Wood Group ‘well positioned’ for Permian play
The boss of Wood Group claims the oil and gas service giant is "well positioned" for the Permian play.
Wood Group’s revenue dips, cuts 36% of workforce
Wood Group's total revenue fell 15.7%, according to its full year results.
Wood Group chairman says energy sector’s love of tradition risks supply shortages
Wood Group’s chairman has warned that the energy industry’s inertia and its attachment to traditional practices could prevent it from meeting demand.
Unite, GMB preparing North Sea strike ballots
Two trade unions are preparing strike action ballots in an effort to press North Sea employers for an agreement on workers’ pay and conditions.