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.
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.
Aberdeen-headquartered Wood (LON:WG) has secured a contract from Ineos worth in excess of $100 million (£83m) to build “Europe’s most innovative” olefins complex in Belgium.
Wood (LON: WG) has been awarded the principal design and pre-FEED scope for Salamander, the 100MW floating windfarm to be built off Peterhead.
Last month, when the much anticipated announcement was made of winners and losers under the Contracts for Difference scheme, it seemed the 20 year struggle for the Western Isles to be connected for generation purposes to the National Grid had finally prevailed.
Wood (LON: WG) has promoted rising star Craig Shanaghey to its top leadership team as executive president of its operations business.
Wood has reported a strong half-year performance in 2022 in the wake of the sale of its built environment business.
The Australian Government has awarded Wood the role of Owner’s Team, which will see it assume responsibility for the first phase of decommissioning at the Northern Endeavour vessel.
Irish businessman Ken Gilmartin flew into Aberdeen to start house-hunting this week after being unveiled as the next CEO of Wood (LON: WG).
Wood plc (LON: WG) has appointed a new CEO to replace the outgoing Robin Watson.
Engineering giant Wood (LON: WG) has announced the appointment of a new executive president of its consulting business.
Wood has signed a global master services deal with US oil giant Chevron.
Well known oil and gas industry veteran Dave Stewart was enjoying a holiday in Portugal when he received a call to tell him he had been awarded an MBE.
Aberdeen-headquartered energy services giant Wood has signed a deal to sell its 7,000-employee built environment business to WSP Global.
North Sea workers who have been unofficially downing tools this week are at “real risk” of disciplinary action, according to a leading employment expert.
The industry trade body has hit back at a series of unofficial strikes taking place in the North Sea.
Wood has been appointed as capital delivery partner for Esseco UK’s chemical production facility in Wakefield.
Energy services giant Wood is on course to complete its exit from Russia by the end of the year.
Bosses at Wood (LON: WG) are “confident” the sale of its built environment business will elicit an increase in the division’s headcount.
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.
Wood will provide concept engineering for the H2 Magallanes Project, a large-scale green hydrogen facility in southern Chile being developed by Total Eren.
Oil giants should spend their billions of windfall profits on transition, not shareholder returns, according to the former CEO of Wood Group.
A North Sea oil and gas worker has emerged through an “up and down journey” of furlough and frustration to being nominated at a national awards for Scotland’s top apprentices.
Questions of green or blue hydrogen are by the by, there is a major need for construction to get under way in order to achieve net zero participants at the fourth episode of Hydrogen – Tracking Transition said recently.
Wood (LON: WG) expects to take a one-time $100 million charge in relation to a legacy Amec Foster Wheeler defence contract, Aegis Poland.
Mineral processing company Green Lithium has appointed Wood as its owner’s engineer, as it progresses plans to build and operate the UK’s first large-scale commercial lithium refinery.