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
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.
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.
Middle East’s approach a “lesson” for the world, Wood CEO says
The Middle East’s investments in energy will see the region come to lead in the energy transition, Wood CEO Ken Gilmartin has said.
Wood bags $350m contract to service BP assets
Aberdeen-headquartered Wood (LON: WG) has won a multi-region engineering services contract by support BP (LON: BP).
‘New chapter’ for Wood as sale of built environment business completes for $1.9bn
Aberdeen-headquartered Wood (LON: WG) has completed the sale of its built environment consulting business to WSP Global.
North Sea wildcat strikes rumoured for next week, OEUK calls for calm
North Sea oil and gas workers could be poised to stage a second series of wildcat strikes in less than a year.
Aberdeen’s Wood hails $230m business on other side of the North Sea
Aberdeen-headquartered Wood has hailed its $230 million business on the other side of the North Sea.
Wood lands deal on 100 million-barrel Halten East development
Aberdeen-headquartered energy services giant Wood (LON: WG) has landed a design deal on the 100 million-barrel Halten East development.
Cash flow is ‘top priority’ for new Wood CEO amid steep drop
The new boss at Aberdeen-headquartered energy services giant Wood (LON: WG) has said cash generation is a "top priority" after it plunged by nearly a third.