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.
Wood
Striking a balance between security, our goals and affordability
As domestic energy security hits the headlines again following the recent licensing announcement from the UK Government, Ellis Renforth, President of Operations for Europe, Middle East & Africa at Wood, explains the need for a more balanced outlook.
‘Hundreds’ of jobs as Wood unveils $330m deal with Harbour Energy
The partnership will involve employment for “hundreds of people” at Wood’s business in Aberdeen and offshore. The company said it expected to hire more people in 2024 for the work.
Allowing its engineers to ‘shine’ gives Wood the edge in the CCS market
Chief executive of Wood (LON:WG), Ken Gilmartin, says that his firm's growth in carbon capture comes from picking work that allows its “subject matter experts shine.”
DEI – Intersectionality Event to be held on 22nd August
A panel event on Intersectionality of Issues is to be held on 22nd August led by AXIS Network and AFBE Scotland UK.
Wood wins Woodside extension, FEED work
Woodside also awarded Wood front-end engineering and design (FEED) work for the Goodwyn Alpha Low-Low Pressure project, off Western Australia.
Wood to ‘transform’ the UK’s grid with National Gas
Aberdeen-based engineering firm, Wood (LON:WG), is working with National Gas to “transform” the entire grid network in the UK with “modern, cyber-secure technology.”
After tough years, UK offshore services sector looks to brighter future
The UK offshore services sector (OFS) has had a rough time over recent years, given the COVID-19 pandemic, declining oil and gas activity, political uncertainty and limits on the pace of the energy transition.
Wood secures three-year services deal with Shell
Wood has confirmed the award of a multi-year enterprise framework agreement to continue providing services for Shell's global projects.
Wood to carry out emissions-cutting work down under
Wood (LON: WG) has announced that it has secured contracts with Beach Energy and Mitsui E&P Australia (MEPAU) to reduce emissions down under.
‘We’re turning the company around’ – Wood growth blueprint bearing fruit, says CEO
As for the takeover bids by Apollo Global Management, Ken Gilmartin said questions about “what happened or what didn’t happen are probably better addressed by Apollo”.
Wood workers end dispute after deal for salary reinstatement
Offshore workers have voted to end their industrial action after reaching a deal with Wood which reinstates a 10% cut made to their salaries in 2015.
Extinction Rebellion targets Wood offices in Aberdeen and Staines
Extinction Rebellion activists have been targeting the offices of Wood Plc (LON: WG), formerly known as Wood Group, in Aberdeen and Staines.
Wood wins $250m contract extension in Brunei
Wood (LON: WG) has been awarded a contract extension worth $250m with Brunei Shell Petroleum.
Our business is our people – if we take care of them, they will take care of us
Mental health initiatives and support are often introduced reactively when there is already a problem.
Wood, Centrica, Equinor team up for low carbon hydrogen with view to storing gas in Rough field
A triumvirate of energy firms have teamed up to advance the rollout of low-carbon hydrogen production and storage in the east of England.
Leading the way with CCS
Wood’s teams have completed CCS studies for more than half of the 300 carbon-capture facilities being planned worldwide.
Climate groups call for action after government gives Wood £430m loan
Wood (LON: WG) has expanded its hydrocarbons business while reducing its work in renewables following a £430m government-backed “green transition loan”.
Podcast: ‘We will not hit our net zero targets,’ warns UK energy leader
There is a “groundswell” of energy industry opinion that the UK is going to miss its net zero emissions targets.
Reduced growth market exposure may have cut Apollo interest in Wood: Analyst
An analyst has given his verdict on items which may have cut Apollo’s appetite in taking over Aberdeen engineering group Wood (LON: WG) - namely growth market exposure.
Wood cracking on with studies to accelerate UK hydrogen rollout
Wood (LON: WG) is working with gas distribution company SGN to accelerate the rollout of hydrogen transmission infrastructure in the UK.
Wood shares plunge as Apollo decides against takeover move
Shares in Wood are down 34% on the news that Apollo will no longer be pursuing the Aberdeen engineering giant.
‘Uncertain economic outlook’ does not change Wood’s forecast
Ahead of its annual general meeting, Wood said that despite an “uncertain economic outlook, our expectations for 2023 remain unchanged."
Wood boss to open this year’s Energy Exports Conference in Aberdeen
Ken Gilmartin, chief executive of Wood (LON: WG), has been confirmed for the opening of the Energy Exports Conference in Aberdeen.
1,300 North Sea workers launch strikes in ‘biggest offshore stoppage in a generation’
Unite says the North Sea strikes could bring platforms to a standstill, though this has been played down by operating companies.