Updated: Shares in Wood dip after forecasted drop in revenue, firm expects bribery cases to conclude in June
Shares in energy services giant Wood have dipped after the company projected a revenue drop in the first half of the year.
Wood Group
Construction on Equinor’s Hywind Tampen project gets underway
Construction on what will be the world’s first floating offshore wind farm to power offshore oil and gas platforms has got underway.
Diversifying out of oil and gas ‘absolutely what companies should be doing’ says Sir Ian Wood
Sir Ian Wood has said diversifying into areas out of oil and gas is “absolutely what companies should be doing”.
Industry veteran honoured at 2020 Decom North Sea Awards
Oil and gas veteran Brian Nixon was among those recognised for their contributions to the decommissioning sector during the 2020 Decom North Sea (DNS) Awards yesterday.
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.
Ripping up key offshore deal goes against ‘every principle’ held by sector, union boss says
A trade union boss has said offshore contractors’ plans to scrap a blanket deal covering thousands of workers went against “every principle” championed by North Sea industry.
Deal to save ‘thousands’ of North Sea jobs hammered out
A deal has been struck to protect hundreds, and potentially thousands, of North Sea jobs during the coronavirus outbreak.
Sir Ian Wood to receive prestigious Carnegie Medal for philanthropy
One of the north-east’s most renowned business figures has gained international recognition for his philanthropy.
Former Wood Group CEO named ‘icon of the year’
Scottish Enterprise chairman and former Wood Group chief executive Bob Keiller was yesterday unveiled as Scotland’s “icon of the year” in the Barclays Entrepreneur Awards.
Wood services still ‘very focused’, chief executive says
Wood chief executive Robin Watson said the group’s service offering remained “very focused” despite expanding into more sectors.
Liam Fox: I can avoid £500m Brexit bill for oil industry
International Trade Secretary Liam Fox has reassured oil executives he can avoid a £500million Brexit bill while on a visit to Aberdeen.
Tory MP warns of north-east oil and gas skills shortage
A north-east MP has warned of an impending oil and gas skills shortage, blaming a drop in those pursuing vocational qualifications.
Wood Foundation helps thousands out of poverty
In the stifling early morning heat, hundreds of tea farmers work to pick leaves in Rwanda’s northern province.
MHWirth chosen for drilling work on major Canadian oilfield project
MHWirth has won a contract to provide a range of drilling services for a major oilfield development of Canada's east coast.
New Wood wins first deal
The newly formed Wood has won its first deal, after its £2.2billion takeover completed.
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.
Robin Watson: Peeling back the layers of Wood Group
Wood Group has spent the past two years de-branding itself, shedding its layers like an onion.
Wood Group, Amec merger clears Mexican hurdle
Wood Group said today that all clearance conditions for its £2.2billion takeover of Amec Foster Wheeler (AFW) had been satisfied.
Wood Group lands South China Sea deal
Wood Group has landed a deal with by China National Offshore Oil Corporation (CNOOC) in the South China Sea.
Attract new investment or face prospect of ‘irreversible damage’, North Sea industry told
The oil sector’s efforts to make the North Sea more competitive will be “irreversibly damaged” without an influx of new investment, an industry expert said today.
Decommissioning a ‘double-edged sword’, Wood Group chief warns
Wood Group’s chief executive has said that decommissioning is a “double-edged sword” for the oil industry.
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).
Wood Group looking to woo North Sea newcomers
Wood Group’s boss said yesterday that the firm was hoping to do business with new entrants to the North Sea.
Wood Group profits down ahead of Amec FW merger
Energy service giant Wood Group recorded a 36% drop in first-half profits in the run up to its merger with Amec Foster Wheeler (AFW).