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”.
Wood
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.
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.
The case for changing how we deal with mental health has been made. We now need to act on it
From my own experience, after my close friend Alan tragically died by suicide in 2021, I know a person’s mental health struggles can be both visible and invisible at the same time and how devastating the impact can be for them and for their loved ones.
Wood boss Ken Gilmartin champions UK North Sea expertise
The UK North Sea remains a key part of the business of global engineering and consultancy services giant Wood, its boss said on Tuesday.
Who is Bob Keiller? The blockbuster resume of oil boss ‘mad enough’ to try and save Aberdeen’s Union Street
Could Bob Keiller be the man to save Union Street?
Wood asks for more time on potential takeover bid
Wood’s board has asked for an extension to the deadline for a proposed takeover bid to prepare its annual results and canvas shareholders.
Wood offloads offshore labour supply operations in Gulf of Mexico
Aberdeen-headquartered Wood (LON: WG) has finalised the sale of its offshore labour supply operations in the Gulf of Mexico.
‘Fast and furious action’ needed to deliver ‘extraordinary’ energy transition, says Wood boss
The chief executive of Wood (LON: WG) has delivered a rallying cry for the industry to deliver an “extraordinary”, and swift, energy transition.
Analysis: What does it matter if Wood is bought out?
It hasn’t happened yet – the buyout of Aberdeen’s energy services giant Wood by an American private equity company, that is.
Wood shares soar on takeover approach from US private-equity firm
Aberdeen-headquartered Wood Group (LON: WG) has knocked back three takeover attempts by an American private-equity firm.
Aberdeen’s Wood shoots for the moon with next project
NASA’s Innovative Advanced Concepts (NIAC) program has awarded Wood (LON: WOOD) and Lunar Resources design lead on a potential pipeline on the moon.
Over 1,000 North Sea workers to vote on strikes as multiple ballots open
Multiple strike votes, covering hundreds of oil and gas workers employed by some of the North Sea’s biggest contractors, officially open today.
Inspirational pep talk from energy industry boss
Aberdeen must “show true grit” in the face of a tough economy, “think big” and take ownership of its own future, according to one of the city’s top industry bosses.
Wood predicts 30% drop in earnings for 2022 results
Wood (LON: WOOD) has forecast a drop in earnings and revenues for its 2022 results, down from the previous two years.
Wood boss ready to build business on strong Aberdeen foundations
Aberdeen company Wood has unveiled a strategy “refresh” and boss Ken Gilmartin says the Granite City and wider north-east will be at the heart of it.
Wood decommissioning boss ‘rarely’ sees local content in UK tenders
The decommissioning boss at Wood said she “rarely” sees local content requirements for UK projects, despite an impending industry target on the issue.
Centrica selects Aberdeen’s Wood to service Rough gas storage site
Wood (LON: WG) has been picked to carry out project management work on the UK’s biggest - and recently reopened - gas storage site.
Wood settles Amec Foster Wheeler lawsuit for $115m
Aberdeen-headquartered Wood (LON: WG) has settled a legacy lawsuit against one of its subsidiaries in a $115m payout.