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NEWS |
NERA and Wood partner on AI inspection solution
The power of artificial intelligence (AI) technology has been harnessed in a new real-time inspection solution, capable of autonomously detecting and categorising equipment anomalies.
NEWS |
Wood strengthens leadership team with appointment of new Chief Operating Officer
Wood announces the appointment of Ken Gilmartin as new Chief Operating Officer (COO) and the latest member of the executive leadership team.
NEWS |
Westwood: slow recovery for land rigs after catastrophic 2020
New analysis from Westwood Global Energy Group (Westwood), the specialist energy market research and consultancy firm, reveals that a slow, gradual recovery for global land rig demand is expected foll (...)
NEWS |
Wood secures UK government-backed loan linked to energy transition
Wood today announces it has agreed a $600m (£430m) loan with UK Export Finance, the export credit agency of the UK government, that will enable the company to capitalise on opportunities emerging as (...)
NEWS |
WoodMac: oil price windfall a 'golden opportunity' to speed up decarbonisation
Oil and gas companies must use the current cash flow windfall opportunity to speed up decarbonisation of their businesses, Wood Mackenzie has said in a report.
NEWS |
Half year results for the six months ended 30 June 2021
Wood, the global consulting and engineering company, announces its results for the six months ended 30 June 2021...
NEWS |
Wood joins the Hydrogen Council as steering member
Wood has become a steering member of the Hydrogen Council, a group of leading companies working together to ensure hydrogen plays a key role in accelerating the energy transition and the journey towar (...)
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 |
Wood secures offshore services contract extension with Equinor
Wood has been awarded an extension to its existing framework agreement with Equinor to support their offshore assets in the Norwegian Continental Shelf.
NEWS |
Aberdeen engineering giant targets decommissioning market
North Sea oil services heavyweight Wood has underlined its interest in the decommissioning market in the area as growing numbers of fields reach the ends of their lives.
NEWS |
Wood extends partnership on Hibernia in Eastern Canada
Wood will build upon its long-standing partnership with Hibernia Management and Development Company Ltd. (HMDC) following the renewal of a major contract to provide engineering, procurement, and const (...)
NEWS |
Braemar and Westwood: OSV market facing headwinds with 54% utilisation in 1Q2021
Despite projected demand recovery post-2020, the global offshore support vessel (OSV) market continues to face a utilisation challenge – this is according to collaborative research from Braemar ACM Sh (...)
NEWS |
Westwood: record number of FPSO licenses set to expire in 2022
New analysis from Westwood Global Energy Group (Westwood) reveals the number of FPSO leases set to expire in 2022 is significantly higher than the yearly average of ~3 since 2015, with the potential o (...)
NEWS |
Energy Transition Threatens $14 Trillion In Oil And Gas Assets
The energy transition is putting as much as $14 trillion worth of oil and gas assets at risk, Wood Mackenzie said today, as quoted by Reuters, in the latest doomsday scenario for the energy industry.
NEWS |
Wood expands downstream work in Australia with new bp contract
Wood has secured a new contract with bp Castrol Australia to provide engineering, procurement and construction (EPC) services to two Castrol lubricant blending, filling, and manufacturing facilities i (...)
NEWS |
Westwood: Offshore wind FIDs to skyrocket 57% outside China by 2022
New analysis from Westwood Global Energy Group (Westwood), the specialist energy market research and consultancy firm, reveals offshore wind energy projects final investment decisions (FIDs), outside (...)
NEWS |
Wood and The Resilience Shift create strategic partnership to showcase resilience
Wood has entered a strategic partnership with leading global resilient infrastructure organisation, The Resilience Shift.
NEWS |
Blockbuster Start for North Sea Mergers
PGNiG’s acquisition of Ineos’ Norwegian oil business continues what has been a blockbuster start to the year for North Sea mergers and acquisitions (M&A), according to Neivan Boroujerdi, a principal a (...)
NEWS |
Dales Marine Services and T12 Consultancy collaborate on design and build of a new Linkspan Bridge to support export shipping of Roundwood timber
In collaboration with T12 Consultancy, engineering and technology specialists, Dales Marine Services is delighted to announce that they have secured a new contract for the design and fabrication of a (...)
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 |
Wood turns a loss as COVID-19 hits global EPC market
Wood swung into a pretax loss in 2020 as the Coronavirus (COVID-19) pandemic hit the global engineering and consultancy market and oil prices were volatile.
NEWS |
Leonardo and Wood join forces with AFBE-UK Scotland
AFBE-UK Scotland, an organisation that encourages greater diversity and inclusion in the energy and engineering sectors, has announced that two UK engineering giants have signed up as corporate member (...)
NEWS |
ExxonMobil comes up dry in Guyana wildcat
Oil major ExxonMobil has failed to find commercial hydrocarbons at the Bulletwood-1 wildcat well in the Canje block located offshore Guyana.
NEWS |
Westwood: Total to outpace Iberdrola and Ørsted on renewable power capacity by 2030
New analysis from Westwood Global Energy Group (Westwood), the specialist energy market research and consultancy firm, reveals Total will outpace clean energy majors Iberdrola and Ørsted on renewable (...)
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