Wood chief executive Robin Watson said today (August 24) the Aberdeen firm's conventional energy business is "stable" and its other activities gaining momentum after an "inflection point" for the group earlier this year.
By John Moore, Senior Investment Manager, Brewin Dolphin Edinburgh
The tide appears to have turned for oil. This time last year, the oil and gas industry appeared to be drowning in a commodity price which seemed destined to hug the $50 mark for some time. Further back, in January 2016, it went as low as $30.