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NEWS |
Wood appoints new chief executive
Ken Gilmartin to take charge after extensive search for successor to retiring Robin Watson
NEWS |
Wood boss to retire from the role after seven years
UK oilfield services provider Wood Plc has revealed that its Chief Executive Officer (CEO), Robin Watson, is retiring from the role after seven years. The company is now beginning the process to appoi (...)
NEWS |
AVEVA and Wood Launch New Industrial Solution to Accelerate Digital Transformation
AVEVA, a global leader in industrial software driving digital transformation and sustainability, has formed a new alliance with Wood, the global consulting and engineering company, to accelerate digit (...)
NEWS |
Wood settle bribery probe with $177m settlement
John Wood Group PLC has agreed to pay US$177mln to settle a corruption and bribery inquiry related to Amec Foster Wheeler, which it acquired in 2017.
NEWS |
Scots energy giant Wood Group earmarks £141m to deal with bribery cases
An Aberdeen-based energy services giant Wood Group has earmarked $196m (£141.3m) to settle bribery cases - as it emerged a subsidary is paying back £6.4m contracts in central Asia.
NEWS |
Sir Ian Wood appointed to key body seeking to rebuild the UK economy after Covid-19 pandemic
Sir Ian Wood, Chairman of Opportunity North East and former Wood Group Chairman has joined the UK Government’s 'Build Back Better Council' which met for the first time yesterday.
NEWS |
Wood Group profits more than halved amid Covid-19 crisis
Half-year profits at engineering firm Wood Group more than halved as it scrapped the dividend on the back of oil prices battered by the Covid-19 pandemic.
NEWS |
Wood Group pushes towards renewables as order book and profits shrink
John Wood Group PLC said first-half revenues and profits have fallen due to the coronavirus pandemic and the drop in oil prices but that it continued to work and win new contracts.
NEWS |
Wood Group pulls dividend, cuts executive pay by 10%
Oil services company Wood Group pulled its dividend and implemented a 10% pay cut for directors due to the coronavirus pandemic.
NEWS |
Pinsent Masons advises John Wood Group PLC on sale of industrial services business to KAEFER
International professional services firm Pinsent Masons has advised Aberdeen-based John Wood Group PLC on the sale of its industrial services business to KAEFER, a technical services provider, for $1 (...)
NEWS |
Workers to be balloted on industrial action at Aberdeenshire oil and gas facility
Construction workers at the St Fergus Gas plant in Aberdeenshire will be balloted on industrial action in an ongoing dispute over changes to contracts.
NEWS |
Wood Group completes sale of TNT business in $38m deal
Wood Group confirmed on Friday that it has completed the sale of its conveyor systems business Terra Nova Technologies (TNT).
NEWS |
Wood Group awarded contract for new Evonik production facility
Wood Group has been awarded a new contract by Evonik to deliver engineering, procurement and construction management (EPCM) services for the group's new polyamide 12 (PA12) production complex, it anno (...)
NEWS |
The evolution of digital twins in subsea operations - By Alan Whooley, Subsea Manager, Wood
As digitalisation grasps hold of the oil and gas industry, digital twinning is becoming a widely discussed topic.
NEWS |
Wood Group sells Terra Nova Technologies to Murray & Roberts for $38m
Services company Wood Group said it had agreed to sell its Terra Nova Technologies to Murray & Roberts Holdings unit Cementation Americas for $38m.
NEWS |
Wood group reaps benefits from Amec Foster deal
Wood Plc’s 2018 profit topped market expectations as the British oilfield and engineering services provider trumpeted the success of its 2017 takeover of smaller rival Amec Foster Wheeler and increase (...)
NEWS |
Wood Group to install Siemens turbine in North Carolina
Wood Group has secured a contract from Siemens to install a new Siemens HL-class gas turbine at a power generating station in North Carolina, it announced on Thursday.
NEWS |
Adnoc awards design contract for new refinery to Wood Group
Abu Dhabi National Oil Company awarded a design contract for the new 600,000 barrel-per-day refinery in Ruwais, as it speeds up plans to create the world’s biggest integrated production facility that (...)
NEWS |
Wood secures US$250 million in US midstream sector contracts
Wood has secured a string of new midstream sector contracts across the US, solidifying its place in what the company considers to be a key growth market.
NEWS |
Deals this week: Baker Hughes, Ampelmann, Wood Group
Baker Hughes, a subsidiary of GE, has secured a three-year extension of a subsea services frame agreement signed with Equinor.
NEWS |
Wood Group slips to loss as it hails recovery
Energy services firm Wood Group posted results ahead of expectations as it grew revenue despite additional charges pushing it to a loss. Shares in the firm swelled five per cent in early trading after (...)