Wood makes £160m cost savings, increases renewables work during Covid-19 crisis
Aberdeen-headquartered energy services firm Wood has announced multi-million pound cost savings and an increased renewable energy contracts since the start of 2020.
Robin Watson
Wood targets 40% reduction in emissions by 2030
Aberdeen-headquartered energy services firm Wood has announced targets to reduce its direct and indirect emissions by 40% by 2030.
Wood says ‘employee reductions are being made’ in response to coronavirus
Aberdeen-headquartered energy services firm Wood has said “employee reductions are being made” in order to tackle the effect of the coronavirus outbreak.
Wood boss in bullish mood despite global financial market woes
Wood chief executive Robin Watson was in bullish mood about future prospects for the global engineering and consultancy company after a sharp increase in profits.
Profit jump comes alongside revenue drop for Wood in 2019
Aberdeen-headquartered energy services firm Wood has reported a profit jump in its full year results for 2019.
Wood shares climb on prediction of increase to annual earnings
Shares in Aberdeen-headquartered energy services firm Wood climbed this morning as at predicted a surge in its annual earnings.
Wood appoints new CEO for Americas business
Aberdeen-headquartered energy services firm Wood has appointed a new chief executive for its Americas business.
Wood expecting ‘significant growth’ thanks to activity both east and west
Aberdeen-headquartered energy services firm Wood has announced it is expecting "significant growth" thanks to increased work in the eastern hemisphere and North America.
Diversification strategy is paying off for Wood
Wood chief executive Robin Watson said yesterday the Aberdeen-based energy service giant was successfully “broadening” its business and becoming less reliant on offshore oil and gas projects.
Wood cancels decision to boost CEO’s bonus scheme
Energy services firm Wood has decided to cancel a decision to boost CEO Robin Watson’s bonus pay scheme.
Wood hails ‘significant progress’ in 2018 as revenues climb to £8.3bn
Aberdeen-headquartered energy services giant Wood saw its total revenues climb to £8.3billion in 2018 amid a “significant year of progress” for the firm.
Wood still committed to its Aberdeen roots, CEO says
Wood chief executive Robin Watson said yesterday the group still had a key role to play at the heart of a recovering north-east economy, despite it making only 5% of its revenue in the UK North Sea.
Wood to invest £20k in Stem, boss Watson says
The boss of one of Scotland’s biggest companies delivered the 2018 Scottish Council for Development and Industry (SCDI) annual lecture just a few miles from the firm’s home city last night.
Who’s on the executive team of the new Wood?
Wood Group has today completed its £2.2billion takeover of Amec Foster Wheeler.
Exclusive Interview: Wood Group completes £2.2bn takeover, talks jobs and debuts new name
Wood Group has today completed its £2.2billion takeover of Amec Foster Wheeler.
No shortage of potential buyers for AFW’s UK North Sea business
Wood Group chief executive Robin Watson has said there are “credible buyers” ready to pounce on the UK North Sea business earmarked for sale as part of the firm’s £2.2billion takeover of Amec Foster Wheeler (AFW).
Exclusive: Wood Group-Amec Foster Wheeler tie-up threatens 1,300 jobs
About 1,300 global energy service jobs are under threat from the proposed merger of Wood Group and Amec Foster Wheeler (AFW), it emerged last night.
North Sea jobs in most danger from Wood Group, AFW merger
North Sea operations of Wood Group and Amec Foster Wheeler (AFW) are the most at risk of job cuts after a £2.2billion mega-merger of the firms, it emerged yesterday.
Union chiefs call for “transparency” on jobs after Wood Group and AFW reveal another £40m of tie-up savings
Wood Group declined to say last night how many jobs could go in its proposed £2.2billion takeover of Amec Foster Wheeler (AFW), despite the firms announcing a £40million jump in efficiency savings.
Wood Group Aberdeen HQ to stay but job losses ‘inevitable’
Job losses and office closures are inevitable but Wood Group will keep its headquarters in Aberdeen following a £2.2billion takeover of energy services rival Amec Foster Wheeler (AMF), it was announced yesterday.
Wood Group chief defends dividend rise
Wood Group boss Robin Watson has insisted the energy service giant was “a strong and balanced business” despite a 71% slump in profits.
Wood Group reports earnings of $470million in 2015
Wood Group, the Aberdeen-based oilfield services firm, has reported earnings of $470million in 2015, down from $550 in 2014, saying its performance demonstrated resilience and flexibility in challenging markets.
Wood Group snaps up work in Brazil
Wood Group landed a contract with PetroRio for its Polvo A platform in the southern Campos basin.
Robin Watson officially takes up Wood Group’s top role
Robin Watson will officially assume the chief executive role for Wood Group tomorrow.
EV Insights: Robin Watson’s rise to the top
Wood Group has revealed Robin Watson will take the reins of the company after Bob Keiller retires at the end of the year.